Guideline Value for ROSARY CHURCH STREET

Rosary Church Street guideline value

The current guideline value of Rosary Church Street 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 Street has changed

The guideline value of Rosary Church Street has undergone several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 1,540 per sq.ft. This figure saw a significant increase to Rs 8,500 per sq.ft in the 2012 revision, marking a rise of 452%. The value remained unchanged at Rs 8,500 per sq.ft in the 2023 revision. However, in the 2024 revision, the guideline value increased to Rs 9,300 per sq.ft, reflecting a growth of 9% from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2017 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 504%.

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 guideline value is Rs 8,800 per sq.ft, placing Rosary Church Street's 2024 figure above this median.

• Rosary Church Road: Rs 9,300 per sq.ft (2024)
• Rosary Church Lane: 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 Street

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 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 the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Rosary Church Street?

The Sub Registrar Office that covers Rosary Church 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 details.

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

The guideline value is a critical reference point during property transactions in Mylapore. It is used to determine the stamp duty and registration fees that buyers must pay when registering a property. This ensures that the government receives appropriate revenue based on the property's assessed value.

When buying or selling property, the guideline value helps establish a fair basis for the transaction. Buyers should be aware that the guideline value may differ from the actual sale price, but the higher of the two will be used for calculating the applicable duties and fees.

Frequently asked questions

What is the current guideline value of Rosary Church Street?

The current guideline value of Rosary Church Street 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 increased from Rs 1,540 per sq.ft in 2007 to Rs 9,300 per sq.ft in 2024, marking an overall increase of 504%.

What is the land classification for Rosary Church Street?

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

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

Other streets in Mylapore with the same guideline value of Rs 9,300 per sq.ft include Rosary Church Road, Rosary Church Lane, Rosary Church 2nd Lane, and ROSARY CHURCH 1ST LANE (Sullivan Street parallel).

Where is the Sub Registrar Office located for Rosary Church Street?

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