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Guideline Value

Corporate

Guideline Value for SRINIVASA AVENUE (MAY FLOWER GARDEN )

₹8800/sq.ft.

The guideline value for Srinivasa Avenue (may Flower Garden ) 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 ₹1540 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹1349 /sq.ft.
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 Srinivasa Avenue (may Flower Garden )

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Srinivasa Avenue (May Flower Garden ) guideline value

The current guideline value of Srinivasa Avenue (May Flower Garden) is Rs 8,800 per sq.ft. 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 Srinivasa Avenue (May Flower Garden ) has changed

The guideline value for Srinivasa Avenue has undergone several revisions over the years. In 2003, the guideline value was set at Rs 1,349 per sq.ft, which increased to Rs 1,540 per sq.ft in 2007, marking a change of +14%. The value saw a significant jump to Rs 8,000 per sq.ft in 2012, reflecting an increase of +419%. This figure remained unchanged through the 2023 revision, where it was still Rs 8,000 per sq.ft.

As of the 2024 revision, the guideline value has been revised to Rs 8,800 per sq.ft, representing a change of +10% from the previous year. Overall, from 2003 to 2024, the guideline value has increased by +552%.

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, which aligns with the current guideline value of Srinivasa Avenue.

Stamp duty and registration fee for property in Srinivasa Avenue (May Flower Garden )

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, making the total cost for these fees Rs 7,92,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Srinivasa Avenue (May Flower Garden )?

The Sub Registrar Office that covers Srinivasa Avenue 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 further assistance.

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, ensuring that these costs are aligned with the official valuation of the property.

When buying or selling property, the guideline value helps establish a fair price for taxation purposes. It is essential for buyers and sellers to be aware of these values to understand their financial obligations during the transaction process.

Frequently asked questions

What is the current guideline value of Srinivasa Avenue?

The current guideline value of Srinivasa Avenue (May Flower Garden) 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 changed from Rs 1,349 per sq.ft in 2003 to Rs 8,800 per sq.ft in 2024, reflecting an overall increase of +552% over the years.

What are the stamp duty and registration fees for properties on Srinivasa Avenue?

For a property valued at Rs 88,00,000, the stamp duty would be Rs 6,16,000, and the registration fee would be Rs 1,76,000, totaling Rs 7,92,000.

Which Sub Registrar Office is associated with Srinivasa Avenue?

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

What is the land classification of Srinivasa Avenue?

Srinivasa Avenue is classified as Residential Class III Type - III, indicating its designation for residential use under the Mylapore SRO.