Guideline Value for RAJA ANNAMALAIPURAM 12TH CROSS STREET

Raja Annamalaipuram 12th Cross Street guideline value

The current guideline value of Raja Annamalaipuram 12th Cross Street is Rs 17,600 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village, under the Mylapore SRO, and is classified as Residential Special Type - III.

How the guideline value of Raja Annamalaipuram 12th Cross Street has changed

The guideline value for Raja Annamalaipuram 12th Cross Street has seen significant changes over the years. In 2007, the value was Rs 1,540 per sq.ft, which rose dramatically to Rs 16,000 per sq.ft in 2012, marking an increase of 939%. However, from 2012 to 2017, the value decreased to Rs 10,720 per sq.ft, a decline of 33%. Following this, the value surged to Rs 16,000 per sq.ft in 2023, reflecting a 49% increase. The latest revision in 2024 has set the guideline value at Rs 17,600 per sq.ft, representing a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 1043%.

Guideline values in Mylapore

In Mylapore, there are 883 streets under the Mylapore SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 25,800 per sq.ft, with a median value of Rs 8,800 per sq.ft. Raja Annamalaipuram 12th Cross Street's 2024 guideline value is above this median.

• Raja Annamalaipuram 11th Cross Street: Rs 17,600 per sq.ft (2024)
• Raja Annamalaipuram 13th Cross Street: Rs 17,600 per sq.ft (2024)
• Raja Annamalaipuram 14th Cross Street: Rs 17,600 per sq.ft (2024)
• RAJA ANNAMALAIPURAM EAST (Mandavelipakkam to Circle Road): Rs 17,600 per sq.ft (2024)
• Raja Colony: Rs 8,800 per sq.ft (2024)
• Raghava Thottam Main Road: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Raja Annamalaipuram 12th Cross Street

For a property measuring 1,000 sq.ft at the current guideline value of Rs 17,600 per sq.ft, the total guideline value would be Rs 1,76,00,000. The stamp duty, charged at 7%, would amount to Rs 12,32,000, while the registration fee at 2% would be Rs 3,52,000. The combined total for these fees would be Rs 15,84,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Raja Annamalaipuram 12th Cross Street?

The Sub Registrar Office that covers Raja Annamalaipuram 12th Cross Street is the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Mylapore

The guideline value is a crucial factor during the registration of property transactions in Mylapore. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that both the buyer and seller are aware of the official value assigned to the property.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees, which are essential costs in the property transaction process. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Raja Annamalaipuram 12th Cross Street?

The current guideline value of Raja Annamalaipuram 12th Cross Street is Rs 17,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,540 per sq.ft in 2007 to Rs 17,600 per sq.ft in 2024, marking an overall increase of 1043% over this period.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in Raja Annamalaipuram is 7% of the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office should I approach for registration?

You should approach the Mylapore Sub Registrar Office located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018 for registration of properties in Raja Annamalaipuram 12th Cross Street.

Are there other streets with the same guideline value in Mylapore?

Yes, several other streets in Mylapore, including Raja Annamalaipuram 11th Cross Street, 13th Cross Street, and 14th Cross Street, also have a guideline value of Rs 17,600 per sq.ft as of 2024.