Guideline Value for SANTHOME HIGH ROAD( Greenways Road to Trust Cross Stret and Leeth Castle )

SANTHOME HIGH ROAD( Greenways Road to Trust Cross Stret and Leeth Castle ) guideline value

The current guideline value for SANTHOME HIGH ROAD( Greenways Road to Trust Cross Stret and Leeth Castle ) is Rs 22,000 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village, under the Mylapore SRO, and is classified as Residential Special Type - II.

How the guideline value of SANTHOME HIGH ROAD( Greenways Road to Trust Cross Stret and Leeth Castle ) has changed

The guideline value for SANTHOME HIGH ROAD has undergone several revisions over the years. The 2012 revision set the guideline value at Rs 20,000 per sq.ft, which was then reduced to Rs 13,400 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 20,000 per sq.ft, and the most recent 2024 revision has raised it to Rs 22,000 per sq.ft. There are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. The guideline value then saw a further increase of 10% from 2023 to 2024. Overall, comparing the figures from 2012 to 2024, there has been a 10% increase in the guideline value.

Guideline values in Mylapore

In Mylapore, 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, with a median value of Rs 8,800 per sq.ft. The guideline value for SANTHOME HIGH ROAD( Greenways Road to Trust Cross Stret and Leeth Castle ) is above this median.

• SANTHOME HIGH ROAD(Trust Cross Street, Leeth Castle Road to Kamarajar Salai): Rs 22,000 per sq.ft (2024)
• Saradhapuram 1st Street: Rs 8,200 per sq.ft (2024)
• Saradhapuram 2nd Street: Rs 8,200 per sq.ft (2024)
• Saradhapuram (Canal Road) (Venkatesa Agraharam): Rs 8,200 per sq.ft (2024)
• Saradhapuram Main Road: Rs 8,200 per sq.ft (2024)
• Sanjeevi Street Thalaiyari Street: Rs 8,200 per sq.ft (2024)

Stamp duty and registration fee for property in SANTHOME HIGH ROAD( Greenways Road to Trust Cross Stret and Leeth Castle )

For a 1,000 sq.ft plot at the current rate of Rs 22,000 per sq.ft, the guideline value amounts to Rs 2,20,00,000. The stamp duty at 7% would be Rs 15,40,000, and the registration fee at 2% would be Rs 4,40,000, together totaling Rs 19,80,000. 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 SANTHOME HIGH ROAD( Greenways Road to Trust Cross Stret and Leeth Castle )?

The Sub Registrar Office that covers SANTHOME HIGH 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 when registering a property in Mylapore. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements.

When a property is sold, the guideline value helps in assessing the official value of the property, which is essential for taxation purposes. It is important for both buyers and sellers to understand how the guideline value impacts their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of SANTHOME HIGH ROAD?

The current guideline value of SANTHOME HIGH ROAD( Greenways Road to Trust Cross Stret and Leeth Castle ) is Rs 22,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 20,000 per sq.ft in 2012 to Rs 13,400 per sq.ft in 2017, then increased to Rs 20,000 per sq.ft in 2023, and finally to Rs 22,000 per sq.ft in 2024.

What is the land classification for SANTHOME HIGH ROAD?

SANTHOME HIGH ROAD is classified as Residential Special Type - II under the Mylapore SRO.

Where can I find the Sub Registrar Office for SANTHOME HIGH ROAD?

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

How is stamp duty calculated for properties in Mylapore?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 2,20,00,000, the stamp duty at 7% would be Rs 15,40,000.