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Guideline Value

Corporate

Guideline Value for Srinivasa Perumal Sannathi 1st Street

₹8700/sq.ft.

The guideline value for Srinivasa Perumal Sannathi 1st Street in Mylapore Part 2 village (Chennai Central Joint I SRO, Chennai zone) is Rs 8700 per sq.ft, effective 1 July 2024. It was Rs 8000 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mylapore Part 2

Village

Chennai Central Joint I

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹8700 /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 N/A
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.182 Bharati Salai(pycrafts Road) Royapettah, Chennai-600014
044-28613608
[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 Perumal Sannathi 1st Street

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Srinivasa Perumal Sannathi 1st Street guideline value

The current guideline value of Srinivasa Perumal Sannathi 1st Street is Rs 8,700 per sq.ft, effective from 1 July 2024. This street is located in Mylapore Part 2 village and falls under the Chennai Central Joint I SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Srinivasa Perumal Sannathi 1st Street has changed

Over the years, the guideline value for Srinivasa Perumal Sannathi 1st Street has undergone several revisions. The most recent revision in 2024 set the value at Rs 8,700 per sq.ft, an increase from Rs 8,000 per sq.ft in the 2023 revision. This change represents a rise of 9% from the previous year. The register does not contain figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Prior to the 2023 revision, the guideline values for this street were not recorded in the register for the aforementioned years. Therefore, the only available values are from 2023 and 2024, which are Rs 8,000 and Rs 8,700 respectively.

Guideline values in Mylapore Part 2

In Mylapore Part 2, there are a total of 332 streets under the Chennai Central Joint I SRO that have a 2024 guideline value, ranging from Rs 4,400 to Rs 25,300 per sq.ft. The median value for these streets is Rs 8,800 per sq.ft, which means that the guideline value of Srinivasa Perumal Sannathi 1st Street is slightly below the median.

Stamp duty and registration fee for property in Srinivasa Perumal Sannathi 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 8,700 per sq.ft, the total guideline value would be Rs 87,00,000. The stamp duty, charged at 7%, would amount to Rs 6,09,000, while the registration fee at 2% would be Rs 1,74,000. Therefore, the total cost for stamp duty and registration would be Rs 7,83,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Srinivasa Perumal Sannathi 1st Street?

The Srinivasa Perumal Sannathi 1st Street is covered by the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Mylapore Part 2

The guideline value is a crucial factor during property registration in Mylapore Part 2. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling a property, the guideline value helps in assessing the fair value of the property. It is essential for both buyers and sellers to be aware of the current guideline values to make informed decisions during the transaction process.

Frequently asked questions

What is the current guideline value of Srinivasa Perumal Sannathi 1st Street?

The current guideline value of Srinivasa Perumal Sannathi 1st Street is Rs 8,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed from 2023 to 2024?

The guideline value increased from Rs 8,000 per sq.ft in 2023 to Rs 8,700 per sq.ft in 2024, which is a change of 9%.

What is the land classification for Srinivasa Perumal Sannathi 1st Street?

The land classification for Srinivasa Perumal Sannathi 1st Street is Residential Class I Type - III.

Which Sub Registrar Office covers this street?

The Chennai Central Joint I Sub Registrar Office covers Srinivasa Perumal Sannathi 1st Street, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

What are the stamp duty and registration fees for property in this area?

For a property valued at 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, totaling Rs 7,83,000. The duty is charged on the higher of the guideline value and the sale price.