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Guideline Value

Corporate

Guideline Value for RAJA ANNAMALAIPURAM EAST (Mandavelipakkam to Circle Road)

₹17600/sq.ft.

The guideline value for Raja Annamalaipuram East (mandavelipakkam To Circle Road) in Mylapore village (Mylapore SRO, Chennai zone) is Rs 17600 per sq.ft, effective 1 July 2024. It was Rs 16000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mylapore

Village

Mylapore

SRO

Residential Special Type - III
History
Period Guideline Value
From 1-7-2024 ₹17600 /sq.ft.
From 1-4-2023 ₹16000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹10720 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹16000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony ,cresent Street Alwarpet,chennai -600018
044-24640344
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Raja Annamalaipuram East (mandavelipakkam To Circle Road)

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RAJA ANNAMALAIPURAM EAST (Mandavelipakkam to Circle Road) guideline value

The current guideline value for RAJA ANNAMALAIPURAM EAST (Mandavelipakkam to Circle Road) is Rs 17,600 per sq.ft, effective from 1 July 2024. This area falls under Mylapore village, governed by the Mylapore SRO, and is classified as Residential Special Type - III.

How the guideline value of RAJA ANNAMALAIPURAM EAST (Mandavelipakkam to Circle Road) has changed

The guideline value for this street has seen several revisions over the years. The 2012 revision set the value at Rs 16,000 per sq.ft, which was followed by a decrease to Rs 10,720 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 49%, raising the value to Rs 16,000 per sq.ft. The most recent revision in 2024 has further increased the value by 10%, bringing it to Rs 17,600 per sq.ft.

There are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Mylapore

In Mylapore, there are 883 streets under the Mylapore SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 25,800 per sq.ft. The median guideline value for these streets is Rs 8,800 per sq.ft, indicating that the value for RAJA ANNAMALAIPURAM EAST is above this median.

Stamp duty and registration fee for property in RAJA ANNAMALAIPURAM EAST (Mandavelipakkam to Circle Road)

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, charged at 7%, would be Rs 12,32,000, while the registration fee at 2% would be Rs 3,52,000. Together, the total fees would amount to 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 precise calculations.

Which Sub Registrar Office covers RAJA ANNAMALAIPURAM EAST (Mandavelipakkam to Circle Road)?

The Sub Registrar Office that covers RAJA ANNAMALAIPURAM EAST 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 stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is registered, the fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the region.

Frequently asked questions

What is the current guideline value for RAJA ANNAMALAIPURAM EAST?

The current guideline value for RAJA ANNAMALAIPURAM EAST (Mandavelipakkam to Circle Road) 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 from Rs 16,000 per sq.ft in 2023 to Rs 17,600 per sq.ft in 2024, representing a 10% increase. It was Rs 10,720 per sq.ft in 2017, showing a 49% increase from that year to 2023.

What is the land classification for this area?

RAJA ANNAMALAIPURAM EAST is classified as Residential Special Type - III, which indicates its zoning for residential purposes.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for RAJA ANNAMALAIPURAM EAST is the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 1,76,00,000, the stamp duty at 7% would be Rs 12,32,000.