Guideline Value for ROSARY CHURCH 2ND LANE

Rosary Church 2nd Lane guideline value

The current guideline value of Rosary Church 2nd Lane is Rs 9,300 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village, under the Mylapore SRO, and is classified as Residential Class III Type - II.

How the guideline value of Rosary Church 2nd Lane has changed

The guideline value for Rosary Church 2nd Lane has undergone several revisions over the years. The earliest recorded figure is from 2007, which was Rs 1,540 per sq.ft. This value saw a significant increase to Rs 8,500 per sq.ft in 2012, marking a change of +452%. The value remained unchanged at Rs 8,500 per sq.ft until the 2023 revision, which set it at Rs 8,500 per sq.ft again. The latest revision in 2024 raised the guideline value to Rs 9,300 per sq.ft, reflecting a +9% increase from the previous year.

There are no recorded figures for the years 2002, 2003, and 2017 for this street. Overall, from 2007 to 2024, the guideline value has increased by +504%.

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 value in this area is Rs 8,800 per sq.ft, placing Rosary Church 2nd Lane's 2024 figure above that median.

• ROSARY CHURCH 1ST LANE (Sullivan Street parallal): 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 2nd Lane

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, bringing the total fees together to 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.

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

Which Sub Registrar Office covers Rosary Church 2nd Lane?

The Sub Registrar Office that covers Rosary Church 2nd Lane 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 plays a crucial role in the registration process when buying or selling property in Mylapore. It serves as a reference point for determining the stamp duty and registration fees applicable to a property transaction. The fees are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value is essential for buyers and sellers to ensure compliance with local regulations and to accurately assess the costs associated with property transactions in the area.

Frequently asked questions

What is the current guideline value of Rosary Church 2nd Lane?

The current guideline value of Rosary Church 2nd Lane 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 significantly from Rs 1,540 per sq.ft in 2007 to Rs 9,300 per sq.ft in 2024, reflecting an overall increase of +504% over the years.

What are the other streets with the same guideline value in Mylapore?

Other streets in Mylapore with the same guideline value of Rs 9,300 per sq.ft include Rosary Church 1st Lane, Rosary Church Lane, Rosary Church Road, and Rosary Church Street.

What is the registration fee for property in Rosary Church 2nd Lane?

The registration fee for property in Rosary Church 2nd Lane is calculated based on the guideline value and is 2% of the total guideline value.

Where can I find the Sub Registrar Office for Rosary Church 2nd Lane?

The Sub Registrar Office for Rosary Church 2nd Lane is the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018.