Guideline Value for ROSARY CHURCH ROAD

Rosary Church Road guideline value

The current guideline value of Rosary Church Road is Rs 9,300 per sq.ft, effective from 1 July 2024. This road 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 Road has changed

The guideline value for Rosary Church Road has seen several revisions over the years. In 2002, the value was Rs 981 per sq.ft, which increased to Rs 1,090 per sq.ft in 2003, marking an increase of 11%. The value continued to rise significantly, reaching Rs 1,540 per sq.ft in 2007, an increase of 41%. However, between 2007 and 2012, the value decreased to Rs 8,500 per sq.ft, a drop of 33%. The 2017 revision saw the value rise again to Rs 5,695 per sq.ft, an increase of 49%. The most recent revision in 2023 set the value at Rs 8,500 per sq.ft, which increased to Rs 9,300 per sq.ft in 2024, reflecting a rise of 9%.

Overall, from 2002 to 2024, the guideline value has increased by 848%. There are no figures available for revisions in years not listed in the register for this street.

Guideline values in Mylapore

In Mylapore village, 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 for these streets is Rs 8,800 per sq.ft, placing Rosary Church Road's 2024 value above this median.

• Rosary Church Lane: Rs 9,300 per sq.ft (2024)
• Rosary Church Street: Rs 9,300 per sq.ft (2024)
• Rosary Church 2nd Lane: Rs 9,300 per sq.ft (2024)
• Rosary Church 1st Lane (Sullivan Street parallel): 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 Road

For a 1,000 sq.ft plot at the current guideline value of Rs 9,300 per sq.ft, the total guideline value would be Rs 93,00,000. The stamp duty at 7% would amount to Rs 6,51,000, and the registration fee at 2% would be Rs 1,86,000, bringing the total to Rs 8,37,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rosary Church Road?

The Sub Registrar Office that covers Rosary Church Road 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 is a critical factor in the registration process when buying or selling property in Mylapore. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, buyers and sellers must consider the guideline value to ensure compliance with local regulations. The registration office uses this value to calculate the applicable fees, which are essential for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Rosary Church Road?

The current guideline value of Rosary Church Road 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 981 per sq.ft in 2002 to Rs 9,300 per sq.ft in 2024, marking an overall increase of 848% across the revisions.

What is the land classification of Rosary Church Road?

Rosary Church Road is classified as Residential Class III Type - II.

Where can I find the Sub Registrar Office for Rosary Church Road?

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

How is the stamp duty calculated for properties on Rosary Church Road?

The stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 93,00,000 would incur a stamp duty of Rs 6,51,000 at 7%.