Guideline Value for SANJEEVI STREET THALAIYARI STREET

Sanjeevi Street Thalaiyari Street guideline value

The current guideline value of Sanjeevi Street Thalaiyari Street is Rs 8,200 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 IV Type - I.

How the guideline value of Sanjeevi Street Thalaiyari Street has changed

The guideline value for Sanjeevi Street Thalaiyari Street has undergone several revisions over the years. In 2002, the guideline value was Rs 872 per sq.ft. This figure increased to Rs 969 per sq.ft in 2003, marking an increase of 11%. The value saw a significant rise to Rs 1,540 per sq.ft in 2007, which was a 59% increase. Following that, the value jumped dramatically to Rs 7,500 per sq.ft in 2012, reflecting a 387% increase. However, it decreased to Rs 5,025 per sq.ft in 2017, which was a decline of 33%. The guideline value then rose to Rs 7,500 per sq.ft in 2023, and finally reached Rs 8,200 per sq.ft in 2024, indicating a 9% increase from the previous year.

There are no figures available for the revisions in years other than those listed. Overall, from 2002 to 2024, the guideline value has increased by 840%.

Guideline values in Mylapore

In Mylapore village, there are 883 streets under the Mylapore SRO that carry 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 Sanjeevi Street Thalaiyari Street's 2024 figure below that median.

• Sandaveli Street: Rs 3,300 per sq.ft (2024)
• SANTHOME HIGH ROAD( Greenways Road to Trust Cross Stret and Leeth Castle ): Rs 22,000 per sq.ft (2024)
• SANTHOME HIGH ROAD(Trust Cross Street, Leeth Castle Road to Kamarajar Salai): Rs 22,000 per sq.ft (2024)
• Sambamdam Street: Rs 8,200 per sq.ft (2024)
• Saradhapuram 1st Street: Rs 8,200 per sq.ft (2024)
• Saradhapuram 2nd Street: Rs 8,200 per sq.ft (2024)

Stamp duty and registration fee for property in Sanjeevi Street Thalaiyari Street

For a 1,000 sq.ft plot at the current guideline value of Rs 8,200 per sq.ft, the total guideline value would be Rs 82,00,000. The stamp duty at 7% would be Rs 5,74,000, and the registration fee at 2% would be Rs 1,64,000, making the total fees together Rs 7,38,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sanjeevi Street Thalaiyari Street?

The Sub Registrar Office covering Sanjeevi Street Thalaiyari 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 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 stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the fees are based on a standardized valuation set by the government.

Frequently asked questions

What is the current guideline value of Sanjeevi Street Thalaiyari Street?

The current guideline value of Sanjeevi Street Thalaiyari Street is Rs 8,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 872 per sq.ft in 2002 to Rs 8,200 per sq.ft in 2024, reflecting an overall increase of 840% over the years.

What is the stamp duty for property in Sanjeevi Street Thalaiyari Street?

The stamp duty for property in Sanjeevi Street Thalaiyari Street is calculated at 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Sanjeevi Street Thalaiyari Street located?

The Sub Registrar Office for Sanjeevi Street Thalaiyari Street is located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, crescent Street Alwarpet, Chennai -600018.

What is the land classification for Sanjeevi Street Thalaiyari Street?

Sanjeevi Street Thalaiyari Street is classified as Residential Class IV Type - I according to the guideline value register.