Guideline Value for ROHINI GARDEN CROSS STREET

Rohini Garden Cross Street guideline value

The current guideline value for Rohini Garden Cross Street is Rs 8,800 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village and falls under the Mylapore SRO. The land classification is Residential Class III Type - III.

How the guideline value of Rohini Garden Cross Street has changed

In the 2012 revision, the guideline value was Rs 8,000 per sq.ft. This figure decreased to Rs 5,360 per sq.ft in the 2017 revision, marking a decline of 33%. The value then rose significantly to Rs 8,000 per sq.ft in the 2023 revision, and further increased by 10% to Rs 8,800 per sq.ft in the 2024 revision.

From 2017 to 2023, there was a notable increase of 49%. The overall change from the 2012 revision to the 2024 revision shows a 10% increase. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

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 value is Rs 8,800 per sq.ft, which is equal to the current guideline value of Rohini Garden Cross Street.

• Rohinigarden Main Road: Rs 8,800 per sq.ft (2024)
• Robertson Street: Rs 8,800 per sq.ft (2024)
• Robertson Lane: Rs 6,000 per sq.ft (2024)
• Rosary Church 1st Lane (Sullivan Street parallel): Rs 9,300 per sq.ft (2024)
• Rosary Church 2nd Lane: Rs 9,300 per sq.ft (2024)
• Rosary Church Lane: Rs 9,300 per sq.ft (2024)

Stamp duty and registration fee for property in Rohini Garden Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 8,800 per sq.ft, the total guideline value amounts to Rs 88,00,000. The stamp duty at 7% would be Rs 6,16,000, and the registration fee at 2% would be Rs 1,76,000, resulting in a total of Rs 7,92,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rohini Garden Cross Street?

The Sub Registrar Office that covers Rohini Garden 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 critical factor during property registration in Mylapore. It is used to determine the stamp duty and registration fees applicable to a property transaction, ensuring that both the buyer and seller adhere to the legal requirements set by the state.

When a property is bought or sold, the guideline value helps establish a baseline for the transaction price. It ensures that the transaction is recorded accurately and that the appropriate taxes are collected based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value for Rohini Garden Cross Street?

The current guideline value for Rohini Garden Cross Street is Rs 8,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, increasing from Rs 5,360 per sq.ft in 2017 to Rs 8,800 per sq.ft in 2024, with notable changes in between, including a decrease in 2017 from Rs 8,000 per sq.ft in 2012.

What are the stamp duty rates for properties in this area?

The stamp duty for properties in Rohini Garden Cross Street is charged at 7% of the guideline value or sale price, whichever is higher. For example, a property valued at Rs 88,00,000 would incur a stamp duty of Rs 6,16,000.

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

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

What is the land classification for Rohini Garden Cross Street?

The land classification for Rohini Garden Cross Street is Residential Class III Type - III, indicating its suitability for residential development.