Guideline Value for Srinivasa Perumal Sannathi 3rd Street

Srinivasa Perumal Sannathi 3rd Street guideline value

The current guideline value for Srinivasa Perumal Sannathi 3rd Street 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 Srinivasa Perumal Sannathi 3rd Street has changed

According to the guideline value register, there are no figures available for Srinivasa Perumal Sannathi 3rd Street for the years 2002, 2003, 2007, 2012, and 2017. The most recent revision prior to 2024 was in 2023, where the guideline value was Rs 8,000 per sq.ft. The increase from 2023 to 2024 is 9%, bringing the current value to Rs 8,700 per sq.ft.

In the 2024 revision, the guideline value for this street is Rs 8,700 per sq.ft, reflecting a significant increase from the previous year. The 2023 value of Rs 8,000 per sq.ft was the last recorded figure before the recent adjustment.

Guideline values in Mylapore Part 1

Mylapore Part 1 contains 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 these streets is Rs 8,800 per sq.ft, which means that the guideline value for Srinivasa Perumal Sannathi 3rd Street is slightly below this median.

• Srinivasa Perumal Sannathi 2nd Street: Rs 8,700 per sq.ft (2024)
• Srinivasa Perumal Sannathi Street: Rs 8,700 per sq.ft (2024)
• Srinivasa Perumal Sannathi 1st Street: Rs 8,700 per sq.ft (2024)
• Sriram Nagar North Street: Rs 14,300 per sq.ft (2024)
• Sriman Srinivasa Road: Rs 14,300 per sq.ft (2024)
• Sriram Nagar South Street: Rs 14,300 per sq.ft (2024)

Stamp duty and registration fee for property in Srinivasa Perumal Sannathi 3rd Street

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, totaling Rs 7,83,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Srinivasa Perumal Sannathi 3rd Street?

The Srinivasa Perumal Sannathi 3rd Street falls under 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 1

The guideline value is a crucial factor during the registration of property transactions in Mylapore Part 1. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid by the buyer.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately, reflecting the value of the property as per the government’s assessment. This helps maintain transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value for Srinivasa Perumal Sannathi 3rd Street?

The current guideline value for Srinivasa Perumal Sannathi 3rd Street is Rs 8,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed from last year?

The guideline value increased by 9% from Rs 8,000 per sq.ft in 2023 to Rs 8,700 per sq.ft in 2024.

What is the median guideline value for streets in Mylapore Part 1?

The median guideline value for streets in Mylapore Part 1 is Rs 8,800 per sq.ft, making the guideline value for Srinivasa Perumal Sannathi 3rd Street slightly below this median.

What are the registration fees for properties in this area?

The registration fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office located?

The Sub Registrar Office covering Srinivasa Perumal Sannathi 3rd Street is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.