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Guideline Value

Corporate

Guideline Value for ROYAPETTAH HIGH ROAD (From Luz Corner to Beemasena Garden st)

₹15400/sq.ft.

The guideline value for Royapettah High Road (from Luz Corner To Beemasena Garden St) in Mylapore village (Mylapore SRO, Chennai zone) is Rs 15400 per sq.ft, effective 1 July 2024. It was Rs 14000 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mylapore

Village

Mylapore

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹15400 /sq.ft.
From 1-4-2023 ₹14000 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹14000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony ,cresent Street Alwarpet,chennai -600018
044-24640344
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Royapettah High Road (from Luz Corner To Beemasena Garden St)

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ROYAPETTAH HIGH ROAD (From Luz Corner to Beemasena Garden st) guideline value

The current guideline value of ROYAPETTAH HIGH ROAD (From Luz Corner to Beemasena Garden st) is Rs 15,400 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village, under the Mylapore SRO, and is classified as Commercial Class I Type - I.

How the guideline value of ROYAPETTAH HIGH ROAD (From Luz Corner to Beemasena Garden st) has changed

The guideline value for this street has undergone several revisions over the years. The 2012 revision set the value at Rs 14,000 per sq.ft, which remained unchanged until the 2023 revision. In 2023, the value was again Rs 14,000 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 15,400 per sq.ft, marking a 10% increase from the previous year.

There are no figures available for the years 2002, 2003, 2007, and 2017 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Mylapore

In Mylapore, there are 883 streets under the Mylapore SRO carrying a 2024 guideline value 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, indicating that ROYAPETTAH HIGH ROAD (From Luz Corner to Beemasena Garden st) is above this median.

Stamp duty and registration fee for property in ROYAPETTAH HIGH ROAD (From Luz Corner to Beemasena Garden st)

For a 1,000 sq.ft plot at the current guideline value of Rs 15,400 per sq.ft, the total guideline value would be Rs 1,54,00,000. The stamp duty at 7% would amount to Rs 10,78,000, while the registration fee at 2% would be Rs 3,08,000, bringing the total costs to Rs 13,86,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers ROYAPETTAH HIGH ROAD (From Luz Corner to Beemasena Garden st)?

The ROYAPETTAH HIGH ROAD (From Luz Corner to Beemasena Garden st) falls under the jurisdiction of 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 crucial factor in the registration process when buying or selling property in Mylapore. It serves as a benchmark for determining the minimum value at which property transactions must be registered.

When a property is sold, the buyer and seller must ensure that the sale price is at least equal to the guideline value. This ensures that the appropriate stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of ROYAPETTAH HIGH ROAD?

The current guideline value of ROYAPETTAH HIGH ROAD (From Luz Corner to Beemasena Garden st) is Rs 15,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 14,000 per sq.ft in 2012 to Rs 14,000 per sq.ft in 2023, and then increased to Rs 15,400 per sq.ft in 2024, marking a 10% rise from 2023.

What is the land classification for ROYAPETTAH HIGH ROAD?

ROYAPETTAH HIGH ROAD (From Luz Corner to Beemasena Garden st) is classified as Commercial Class I Type - I.

Where can I find the Mylapore Sub Registrar Office?

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

What are the stamp duty rates for property transactions in Mylapore?

The stamp duty for property transactions in Mylapore is typically charged at 7%, while the registration fee is charged at 2% of the guideline value or the sale price, whichever is higher.