Guideline Value

Corporate

Guideline Value for SOUTH KESAVAPERUMALPURAM 1ST CROSS STREET

₹8800/sq.ft.

The guideline value for South Kesavaperumalpuram 1st Cross Street in Mylapore village (Mylapore SRO, Chennai zone) is Rs 8800 per sq.ft, effective 1 July 2024. It was Rs 8000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mylapore

Village

Mylapore

SRO

Residential Class III Type - III
History
Period Guideline Value
From 1-7-2024 ₹8800 /sq.ft.
From 1-4-2023 ₹8000 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹8000 /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 Kesavaperumalpuram 1st Cross Street

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South Kesavaperumalpuram 1st Cross Street guideline value

The current guideline value of South Kesavaperumalpuram 1st Cross Street is Rs 8,800 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village and falls under the Mylapore SRO. The land classification for this area is Residential Class III Type - III.

How the guideline value of South Kesavaperumalpuram 1st Cross Street has changed

In the 2012 revision, the guideline value was Rs 8,000 per sq.ft. This figure remained unchanged in the 2023 revision. However, the 2024 revision saw an increase to Rs 8,800 per sq.ft, marking a 10% rise from the previous year. The overall change from the 2012 revision to the 2024 revision is also +10%.

The register has no figures for the years 2002, 2003, 2007, and 2017 for this street. Thus, the only revisions with figures are from 2012, 2023, and 2024.

Guideline values in Mylapore

There are 883 streets in Mylapore 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 is Rs 8,800 per sq.ft, which is equal to the 2024 figure for South Kesavaperumalpuram 1st Cross Street.

Stamp duty and registration fee for property in South Kesavaperumalpuram 1st Cross Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 88,00,000. The stamp duty at 7% would be Rs 6,16,000, and the registration fee at 2% would be Rs 1,76,000, totaling Rs 7,92,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers South Kesavaperumalpuram 1st Cross Street?

The Sub Registrar Office that covers South Kesavaperumalpuram 1st Cross Street 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 serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared with the sale price. The higher of the two values is used to calculate the stamp duty, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of South Kesavaperumalpuram 1st Cross Street?

The current guideline value of South Kesavaperumalpuram 1st Cross Street is Rs 8,800 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 8,000 per sq.ft in 2012 to Rs 8,800 per sq.ft in 2024, reflecting a 10% increase overall. The value remained unchanged from 2012 to 2023.

What are the stamp duty rates for properties in this area?

The stamp duty rate for properties in South Kesavaperumalpuram 1st Cross Street is 7%. This is calculated based on the higher of the guideline value or the sale price.

Which office handles property registrations in Mylapore?

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

What is the median guideline value for streets in Mylapore?

The median guideline value for streets in Mylapore is Rs 8,800 per sq.ft, which is the same as the guideline value for South Kesavaperumalpuram 1st Cross Street in 2024.