Guideline Value for RAJA ANNAMALAIPURAM 14TH CROSS STREET

Raja Annamalaipuram 14th Cross Street guideline value

The current guideline value of Raja Annamalaipuram 14th 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 14th Cross Street has changed

The guideline value for Raja Annamalaipuram 14th Cross Street has seen significant changes over the years. In the 2007 revision, the value was Rs 1,540 per sq.ft. This figure increased dramatically to Rs 16,000 per sq.ft in both the 2012 and 2023 revisions, showing a remarkable increase of 939% from 2007 to 2012. However, there was no change from 2012 to 2023. The latest revision in 2024 has set the guideline value at Rs 17,600 per sq.ft, marking a 10% increase from the previous year.

It is important to note that the register does not have figures for the years 2002, 2003, and 2017 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. The median value for these streets is Rs 8,800 per sq.ft, placing Raja Annamalaipuram 14th Cross Street above this median.

• Raja Annamalaipuram 13th Cross Street: Rs 17,600 per sq.ft (2024)
• Raja Annamalaipuram 12th Cross Street: Rs 17,600 per sq.ft (2024)
• RAJA ANNAMALAIPURAM EAST (Mandavelipakkam to Circle Road): Rs 17,600 per sq.ft (2024)
• Raja Annamalaipuram 11th Cross Street: 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 14th 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 is 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 cost 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 information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Raja Annamalaipuram 14th Cross Street?

The Sub Registrar Office that covers Raja Annamalaipuram 14th 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 further assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Mylapore. It serves as a benchmark for determining the minimum price at which property can be registered, ensuring that the government receives the appropriate stamp duty based on this value.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the stamp duty and registration fees. This ensures that the transaction is recorded accurately and fairly in the official records.

Frequently asked questions

What is the current guideline value of Raja Annamalaipuram 14th Cross Street?

The current guideline value of Raja Annamalaipuram 14th 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 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 the years.

What is the land classification for Raja Annamalaipuram 14th Cross Street?

The land classification for Raja Annamalaipuram 14th Cross Street is Residential Special Type - III.

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

The stamp duty rate applicable for properties in Raja Annamalaipuram 14th Cross Street is 7% of the guideline value or the sale price, whichever is higher.

Which office handles registrations for Raja Annamalaipuram 14th Cross Street?

The Mylapore Sub Registrar Office handles registrations for Raja Annamalaipuram 14th Cross Street, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.