Guideline Value

Corporate

Guideline Value for SOUTH CANAL BANK ROAD

₹7100/sq.ft.

The guideline value for South Canal Bank Road in Mylapore village (Mylapore SRO, Chennai zone) is Rs 7100 per sq.ft, effective 1 July 2024. It was Rs 6500 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class Iv Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mylapore

Village

Mylapore

SRO

Residential Class IV Type - III
History
Period Guideline Value
From 1-7-2024 ₹7100 /sq.ft.
From 1-4-2023 ₹6500 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹6500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony ,cresent Street Alwarpet,chennai -600018
044-24640344
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on South Canal Bank Road

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South Canal Bank Road guideline value

The current guideline value of South Canal Bank Road is Rs 7,100 per sq.ft, effective from 1 July 2024. This road is located in Mylapore village, under the Mylapore SRO, and is classified as Residential Class IV Type - III.

How the guideline value of South Canal Bank Road has changed

In the 2012 revision, the guideline value for South Canal Bank Road was Rs 6,500 per sq.ft. This figure remained unchanged in the 2023 revision. However, with the 2024 revision, the guideline value increased to Rs 7,100 per sq.ft, reflecting a change of +9% from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value increased by +9%. The register has no figures for the years 2002, 2003, 2007, and 2017 for this street.

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 guideline value for these streets is Rs 8,800 per sq.ft, placing South Canal Bank Road's 2024 figure below that median.

Stamp duty and registration fee for property in South Canal Bank Road

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value would be Rs 71,00,000. The stamp duty at 7% would amount to Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000. Together, the total cost for these fees would be Rs 6,39,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers South Canal Bank Road?

The Sub Registrar Office that covers South Canal Bank 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 an essential factor in the registration process when buying or selling property in Mylapore. It determines the minimum value at which a property can be registered, ensuring that all transactions are reported accurately to the authorities.

When registering a property, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of South Canal Bank Road?

The current guideline value of South Canal Bank Road is Rs 7,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for South Canal Bank Road was Rs 6,500 per sq.ft in 2012 and remained the same in 2023. It increased to Rs 7,100 per sq.ft in 2024, marking a +9% change from the previous year.

What are the guideline values for other streets in Mylapore?

Other streets in Mylapore have varying guideline values. For instance, South Canal Bank Road 2nd Street has a guideline value of Rs 4,900 per sq.ft, while several streets in South Kesavaperumalpuram have a guideline value of Rs 8,800 per sq.ft.

Where is the Mylapore Sub Registrar Office located?

The Mylapore Sub Registrar Office 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 is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a plot valued at Rs 71,00,000, the stamp duty at 7% would be Rs 4,97,000.