Guideline Value for SANTHOME HIGH ROAD(Trust Cross Street, Leeth Castle Road to Kamarajar Salai)

SANTHOME HIGH ROAD(Trust Cross Street, Leeth Castle Road to Kamarajar Salai) guideline value

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

How the guideline value of SANTHOME HIGH ROAD(Trust Cross Street, Leeth Castle Road to Kamarajar Salai) has changed

The guideline value for SANTHOME HIGH ROAD has seen several revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 20,000 per sq.ft. This was followed by a decrease in 2017 to Rs 13,400 per sq.ft, marking a significant drop of 33%. However, the value rebounded to Rs 20,000 per sq.ft in the 2023 revision and further increased to Rs 22,000 per sq.ft in the 2024 revision, reflecting a rise of 10% from the previous year.

From 2017 to 2023, there was a notable increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Mylapore

Mylapore village has a total of 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 in this area is Rs 8,800 per sq.ft, placing SANTHOME HIGH ROAD's 2024 figure above this median.

• SANTHOME HIGH ROAD( Greenways Road to Trust Cross Stret and Leeth Castle ): 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(Trust Cross Street, Leeth Castle Road to Kamarajar Salai)

For a 1,000 sq.ft plot at the current guideline value of Rs 22,000 per sq.ft, the total 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, bringing the total to 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers SANTHOME HIGH ROAD(Trust Cross Street, Leeth Castle Road to Kamarajar Salai)?

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 property in Mylapore. It serves as the basis for calculating stamp duty and registration fees, which are mandatory for any property transaction. Buyers and sellers must consider the guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value helps determine the minimum value at which the property can be registered. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property in the local market.

Frequently asked questions

What is the current guideline value for SANTHOME HIGH ROAD?

The current guideline value for SANTHOME HIGH ROAD(Trust Cross Street, Leeth Castle Road to Kamarajar Salai) is Rs 22,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has undergone several revisions. It was Rs 20,000 per sq.ft in 2023, Rs 13,400 per sq.ft in 2017, and Rs 20,000 per sq.ft in 2012. The most recent revision in 2024 increased the value to Rs 22,000 per sq.ft.

What is the land classification for SANTHOME HIGH ROAD?

SANTHOME HIGH ROAD is classified as Residential Special Type - II. This classification impacts the guideline value and the types of properties allowed in the area.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office covering 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 the stamp duty calculated for properties in Mylapore?

Stamp duty in Mylapore 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 would be Rs 15,40,000 at 7%.