Guideline Value for Sampath Avenue

Sampath Avenue guideline value

The current guideline value of Sampath Avenue is Rs 8,700 per sq.ft, effective from 1 July 2024. This street is located in Mylapore Part 1 village, under the Chennai Central Joint I SRO, and is classified as Residential Class I Type - III.

How the guideline value of Sampath Avenue has changed

The guideline value for Sampath Avenue has undergone several revisions over the years. The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2017. However, the 2023 revision set the value at Rs 8,000 per sq.ft, which increased to Rs 8,700 per sq.ft in the 2024 revision, marking a change of +9%.

This increase from the 2023 revision to the 2024 revision reflects the latest adjustments made in the guideline value register. The 2024 figure is now established as the current rate for this street.

Guideline values in Mylapore Part 1

In Mylapore Part 1, there are 333 streets under the Chennai Central Joint I SRO, with guideline values ranging from Rs 4,400 to Rs 25,300 per sq.ft. The median guideline value for the area is Rs 8,800 per sq.ft, positioning Sampath Avenue's 2024 figure below this median.

• Sathasivam 1st Street: Rs 8,700 per sq.ft (2024)
• Sathasivam 2nd Street: Rs 8,700 per sq.ft (2024)
• Royapettah High Road: Rs 13,200 per sq.ft (2024)
• Rosonic Street: Rs 8,700 per sq.ft (2024)
• Sathyanarayana Avenue: Rs 13,200 per sq.ft (2024)
• Reporia Street: Rs 7,700 per sq.ft (2024)

Stamp duty and registration fee for property in Sampath Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 8,700 per sq.ft, the total guideline value amounts to Rs 87,00,000. The stamp duty at 7% would be Rs 6,09,000, and the registration fee at 2% would be Rs 1,74,000, resulting in a total of Rs 7,83,000. Please note that 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 Sampath Avenue?

The Sampath Avenue falls under the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Mylapore Part 1

The guideline value is a crucial factor during property registration in Mylapore Part 1. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Sampath Avenue?

The current guideline value of Sampath Avenue is Rs 8,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sampath Avenue was Rs 8,000 per sq.ft in 2023, which increased to Rs 8,700 per sq.ft in 2024, representing a +9% change. The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2017.

What are the stamp duty and registration fees for Sampath Avenue?

For a 1,000 sq.ft plot at the guideline value of Rs 8,700 per sq.ft, the total guideline value is Rs 87,00,000. The stamp duty at 7% is Rs 6,09,000, and the registration fee at 2% is Rs 1,74,000, totaling Rs 7,83,000.

Which Sub Registrar Office covers Sampath Avenue?

Sampath Avenue is covered by the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

How is the guideline value used in property transactions?

The guideline value is used as a benchmark for property registration, determining the minimum value for registration purposes. It is compared to the sale price, and the higher of the two is used for calculating stamp duty and registration fees.