Guideline Value for RAJA ANNAMALAIPURAM 13TH CROSS STREET

Raja Annamalaipuram 13th Cross Street guideline value

The current guideline value for Raja Annamalaipuram 13th 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, classified as Residential Special Type - III.

How the guideline value of Raja Annamalaipuram 13th Cross Street has changed

The guideline value for Raja Annamalaipuram 13th Cross Street has undergone several revisions over the years. The earliest recorded revision in 2007 set the guideline value at Rs 1,540 per sq.ft. This figure saw a significant increase to Rs 16,000 per sq.ft in both the 2012 and 2023 revisions. However, the register has no figure for this street for the years 2002, 2003, and 2017.

In the latest revision of 2024, the guideline value increased by 10% to Rs 17,600 per sq.ft. Overall, from 2007 to 2024, the guideline value has increased by 1043%, showcasing a substantial rise in value over the years.

Guideline values in Mylapore

In Mylapore, there are 883 streets under the Mylapore SRO, with guideline values ranging from Rs 3,300 to Rs 25,800 per sq.ft. The median guideline value in this area is Rs 8,800 per sq.ft, placing Raja Annamalaipuram 13th Cross Street's 2024 figure above the median.

• Raja Annamalaipuram 12th Cross Street: Rs 17,600 per sq.ft (2024)
• Raja Annamalaipuram 14th Cross Street: Rs 17,600 per sq.ft (2024)
• Raja Annamalaipuram 11th 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 13th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 17,600 per sq.ft, the total guideline value amounts to Rs 1,76,00,000. The stamp duty at 7% would be Rs 12,32,000, and the registration fee at 2% would be Rs 3,52,000, making the total fees 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.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Raja Annamalaipuram 13th Cross Street?

The Sub Registrar Office that covers Raja Annamalaipuram 13th 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 in the registration process of property transactions in Mylapore. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring compliance with local regulations.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are essential costs associated with the transfer of ownership. This ensures transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value for Raja Annamalaipuram 13th Cross Street?

The current guideline value for Raja Annamalaipuram 13th Cross Street is Rs 17,600 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has seen significant changes, increasing from Rs 1,540 per sq.ft in 2007 to Rs 17,600 per sq.ft in 2024, marking an overall increase of 1043%.

What is the stamp duty for property in Raja Annamalaipuram 13th Cross Street?

The stamp duty for property in Raja Annamalaipuram 13th Cross Street is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Raja Annamalaipuram 13th Cross Street?

The Sub Registrar Office for Raja Annamalaipuram 13th Cross Street is located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018.

What are the guideline values of other streets in Mylapore?

Other streets in Mylapore have varying guideline values, with rates ranging from Rs 3,300 to Rs 25,800 per sq.ft. For example, Raja Annamalaipuram 12th Cross Street, 14th Cross Street, and 11th Cross Street all share the same guideline value of Rs 17,600 per sq.ft in 2024.