Guideline Value for SLETTAR PURAM

Slettar Puram guideline value

The current guideline value of Slettar Puram is Rs 3,300 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 V Type - III.

How the guideline value of Slettar Puram has changed

The guideline value of Slettar Puram has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 783 per sq.ft, which increased to Rs 870 per sq.ft in 2003. The next recorded revision was in 2012, where the value rose to Rs 3,000 per sq.ft, but then decreased to Rs 2,010 per sq.ft in 2017. The 2023 revision brought the value back up to Rs 3,000 per sq.ft, and the most recent revision in 2024 set it at Rs 3,300 per sq.ft.

In terms of percentage changes, from 2002 to 2003, there was an increase of 11%. However, from 2012 to 2017, the value decreased by 33%. The most significant increase occurred from 2017 to 2023, which saw a rise of 49%. The current increase from 2023 to 2024 is 10%. Overall, the guideline value has increased by 321% from 2002 to 2024.

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. The median value for these streets is Rs 8,800 per sq.ft, placing Slettar Puram's 2024 figure below this median.

• Solaiyappan Street: Rs 8,200 per sq.ft (2024)
• Sonachala Mudali Street: Rs 7,100 per sq.ft (2024)
• Soorsa Makkan 1st & 11th Lane: Rs 3,300 per sq.ft (2024)
• Sivaraman Street: Rs 8,200 per sq.ft (2024)
• South Canal Bank Road: Rs 7,100 per sq.ft (2024)
• South Canal Bank Road 2nd Street: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Slettar Puram

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, while the registration fee at 2% would be Rs 66,000. Together, these fees would total Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for precise calculations based on your specific property details.

Which Sub Registrar Office covers Slettar Puram?

The Sub Registrar Office that covers Slettar Puram 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 of property transactions in Mylapore. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value is compared to the sale price. The higher of the two will be used to calculate the stamp duty and registration fees, ensuring compliance with legal requirements during the transaction.

Frequently asked questions

What is the current guideline value of Slettar Puram?

The current guideline value of Slettar Puram is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 783 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, showing an overall increase of 321% over the years.

What is the median guideline value in Mylapore?

The median guideline value for streets in Mylapore is Rs 8,800 per sq.ft, with Slettar Puram's 2024 figure being below this median.

What are the registration fees for property in Slettar Puram?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Where can I find the Sub Registrar Office for Slettar Puram?

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