Guideline Value for ROSARY CHURCH 1ST LANE (Sullivan Street parallal)

ROSARY CHURCH 1ST LANE (Sullivan Street parallal) guideline value

The current guideline value of ROSARY CHURCH 1ST LANE (Sullivan Street parallal) is Rs 9,300 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village and falls under the Mylapore SRO. The land classification for this area is Residential Class III Type - II.

How the guideline value of ROSARY CHURCH 1ST LANE (Sullivan Street parallal) has changed

In the 2012 revision, the guideline value was set at Rs 8,500 per sq.ft. This figure remained unchanged until the 2023 revision, which also recorded Rs 8,500 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 9,300 per sq.ft, marking a 9% rise from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 9%. The register has no figures for the years 2002, 2003, 2007, and 2017 for this street.

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. The guideline value for ROSARY CHURCH 1ST LANE (Sullivan Street parallal) is above this median.

• Rosary Church 2nd Lane: Rs 9,300 per sq.ft (2024)
• Rosary Church Lane: Rs 9,300 per sq.ft (2024)
• Rosary Church Road: Rs 9,300 per sq.ft (2024)
• Rosary Church Street: Rs 9,300 per sq.ft (2024)
• Rotary Nagar 10th To 16th Street/Cross St: Rs 3,300 per sq.ft (2024)
• Rotary Nagar 17th Street/Cross St: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in ROSARY CHURCH 1ST LANE (Sullivan Street parallal)

For a 1,000 sq.ft plot at the current guideline value of Rs 9,300 per sq.ft, the total guideline value amounts to Rs 93,00,000. The stamp duty at 7% would be Rs 6,51,000, and the registration fee at 2% would be Rs 1,86,000, totaling Rs 8,37,000. 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 ROSARY CHURCH 1ST LANE (Sullivan Street parallal)?

The Sub Registrar Office that covers ROSARY CHURCH 1ST LANE (Sullivan Street parallal) 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 details.

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

The guideline value plays a crucial role in property transactions in Mylapore. It is used to determine the stamp duty and registration fees that need to be paid during the registration of a property. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When a property is sold, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of ROSARY CHURCH 1ST LANE?

The current guideline value of ROSARY CHURCH 1ST LANE (Sullivan Street parallal) is Rs 9,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 8,500 per sq.ft in 2012 to Rs 9,300 per sq.ft in 2024, reflecting a 9% increase. The value remained unchanged at Rs 8,500 per sq.ft from 2012 to 2023.

What is the land classification for ROSARY CHURCH 1ST LANE?

ROSARY CHURCH 1ST LANE is classified as Residential Class III Type - II. This classification is important for understanding the zoning and permissible uses of the land.

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

The Sub Registrar Office for ROSARY CHURCH 1ST LANE is located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.

How is stamp duty calculated for properties in Mylapore?

Stamp duty in Mylapore is calculated based on the higher of the guideline value or the sale price of the property. This ensures that the appropriate fees are collected during the registration process.