Guideline Value

Corporate

Guideline Value for SOUTH KESAVAPERUMALPURAM 3RD CROSS STREET

₹8800/sq.ft.

The guideline value for South Kesavaperumalpuram 3rd 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 3rd Cross Street

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South Kesavaperumalpuram 3rd Cross Street guideline value

The current guideline value of South Kesavaperumalpuram 3rd Cross Street is Rs 8,800 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 III Type - III.

How the guideline value of South Kesavaperumalpuram 3rd Cross Street has changed

The guideline value for South Kesavaperumalpuram 3rd Cross Street has experienced several revisions over the years. The most recent revision in 2024 set the value at Rs 8,800 per sq.ft, which is a 10% increase from the 2023 revision of Rs 8,000 per sq.ft. Prior to that, the 2012 revision also recorded Rs 8,000 per sq.ft, indicating no change from 2012 to 2023. The register has no figures for the years 2002, 2003, 2007, and 2017.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. This consistent value from 2012 to 2023 reflects stability in the guideline value for this street during that period.

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 is Rs 8,800 per sq.ft, which is the same as the current value for South Kesavaperumalpuram 3rd Cross Street.

Stamp duty and registration fee for property in South Kesavaperumalpuram 3rd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 8,800 per sq.ft, the total guideline value would be 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, bringing the total to Rs 7,92,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers South Kesavaperumalpuram 3rd Cross Street?

The Sub Registrar Office that covers South Kesavaperumalpuram 3rd 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 a crucial factor when registering property transactions in Mylapore. It serves as the basis for calculating the stamp duty and registration fees, which are mandatory for legal property transfers.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for both buyers and sellers to comply with legal requirements during registration.

Frequently asked questions

What is the current guideline value of South Kesavaperumalpuram 3rd Cross Street?

The current guideline value of South Kesavaperumalpuram 3rd Cross Street is Rs 8,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 8,000 per sq.ft in 2023 to Rs 8,800 per sq.ft in 2024. There was no change from 2012 to 2023, maintaining a value of Rs 8,000 per sq.ft during that period.

What is the land classification for South Kesavaperumalpuram 3rd Cross Street?

South Kesavaperumalpuram 3rd Cross Street is classified as Residential Class III Type - III.

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

The Mylapore Sub Registrar Office covers South Kesavaperumalpuram 3rd Cross Street and is located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 88,00,000 would incur a stamp duty of Rs 6,16,000 at 7%.