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Guideline Value

Corporate

Guideline Value for SAINT MARY'S ROAD (From Bakthavachalam st to TTK Road)

₹15400/sq.ft.

The guideline value for Saint Mary's Road (from Bakthavachalam St To Ttk Road) 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 Saint Mary's Road (from Bakthavachalam St To Ttk Road)

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SAINT MARY'S ROAD (From Bakthavachalam st to TTK Road) guideline value

The current guideline value of SAINT MARY'S ROAD (From Bakthavachalam st to TTK Road) is Rs 15,400 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village and falls under the Mylapore SRO, classified as Commercial Class I Type - I.

How the guideline value of SAINT MARY'S ROAD (From Bakthavachalam st to TTK Road) has changed

In the 2012 revision, the guideline value was Rs 14,000 per sq.ft. This figure remained unchanged in the 2023 revision. However, in the 2024 revision, the guideline value increased by 10% to Rs 15,400 per sq.ft. The overall change from 2012 to 2024 reflects a 10% increase.

There are no figures available for this street in the revisions for the years 2002, 2003, 2007, and 2017. The absence of data in these years indicates that the guideline value was not revised during that time.

Guideline values in Mylapore

In Mylapore, there are 883 streets under the Mylapore SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 25,800 per sq.ft. The median guideline value for these streets is Rs 8,800 per sq.ft, placing SAINT MARY'S ROAD (From Bakthavachalam st to TTK Road) above this median.

Stamp duty and registration fee for property in SAINT MARY'S ROAD (From Bakthavachalam st to TTK Road)

For a 1,000 sq.ft plot at the current guideline value of Rs 15,400 per sq.ft, the total guideline value amounts to Rs 1,54,00,000. The stamp duty at 7% would be Rs 10,78,000, and the registration fee at 2% would be Rs 3,08,000, bringing the total amount to Rs 13,86,000. 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 details.

Which Sub Registrar Office covers SAINT MARY'S ROAD (From Bakthavachalam st to TTK Road)?

The Sub Registrar Office that covers SAINT MARY'S ROAD (From Bakthavachalam st to TTK 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 information.

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

The guideline value is a crucial factor during the registration of property transactions in Mylapore. It serves as the basis for calculating the stamp duty and registration fees that are payable when buying or selling property.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of SAINT MARY'S ROAD?

The current guideline value of SAINT MARY'S ROAD (From Bakthavachalam st to TTK Road) is Rs 15,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value 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. Overall, there has been a 10% increase from 2012 to 2024.

Which office handles the registration for properties on SAINT MARY'S ROAD?

The Mylapore Sub Registrar Office handles the registration for properties on SAINT MARY'S ROAD. It is located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018.

What is the stamp duty rate for properties in Mylapore?

The stamp duty rate for properties in Mylapore is 7% of the guideline value or sale price, whichever is higher. Additionally, there is a registration fee of 2% on the same basis.

How is the guideline value determined for streets in Mylapore?

The guideline value for streets in Mylapore is determined by the Registration Department's guideline value register. It varies based on the classification of the land and is revised periodically.