Guideline Value for SARADHAPURAM (CANAL ROAD) (VENKATESA AGRAHARAM

Saradhapuram (Canal Road) (Venkatesa Agraharam guideline value

The current guideline value of Saradhapuram (Canal Road) (Venkatesa Agraharam is Rs 8,200 per sq.ft, effective from 1 July 2024. This property is located in Mylapore village, under the Mylapore SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Saradhapuram (Canal Road) (Venkatesa Agraharam has changed

The guideline value for Saradhapuram (Canal Road) has undergone several revisions over the years. The 2012 revision set the value at Rs 7,500 per sq.ft, which was a decrease of 33% from the Rs 5,025 per sq.ft established in the 2017 revision. However, the value increased significantly to Rs 7,500 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 saw the guideline value increase to Rs 8,200 per sq.ft, reflecting a 9% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 9%.

Guideline values in Mylapore

In Mylapore, there are 883 streets under the Mylapore SRO that have 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 Saradhapuram (Canal Road) below that median.

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

Stamp duty and registration fee for property in Saradhapuram (Canal Road) (Venkatesa Agraharam

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 amount to Rs 5,74,000, and the registration fee at 2% would be Rs 1,64,000, bringing the total fees together to Rs 7,38,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Saradhapuram (Canal Road) (Venkatesa Agraharam?

The Sub Registrar Office that covers Saradhapuram (Canal Road) (Venkatesa Agraharam 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 critical factor during the registration of property transactions in Mylapore. It serves as the basis for calculating the stamp duty and registration fees that are required to be paid at the time of registration.

Frequently asked questions

What is the current guideline value for Saradhapuram (Canal Road)?

The current guideline value for Saradhapuram (Canal Road) (Venkatesa Agraharam 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 7,500 per sq.ft in 2012 to Rs 5,025 per sq.ft in 2017, then back to Rs 7,500 per sq.ft in 2023, and finally to Rs 8,200 per sq.ft in 2024.

What is the land classification for Saradhapuram (Canal Road)?

Saradhapuram (Canal Road) is classified as Residential Class IV Type - I according to the Mylapore SRO guidelines.

Where can I find the Sub Registrar Office for Saradhapuram (Canal Road)?

The Sub Registrar Office for Saradhapuram (Canal Road) is 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 for properties in Mylapore is calculated based on the higher of the guideline value or the sale price. The current rate is 7% for stamp duty and 2% for the registration fee.