Guideline Value for Srinivasa Perumal Sannathi Street

Srinivasa Perumal Sannathi Street guideline value

The current guideline value of Srinivasa Perumal Sannathi 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 Street has changed

The guideline value for Srinivasa Perumal Sannathi Street has undergone revisions over the years. The most recent revision in 2024 set the guideline value at Rs 8,700 per sq.ft, an increase of 9% from the 2023 revision, which was Rs 8,000 per sq.ft. The register has no figure for this street for the years 2017, 2012, 2007, 2003, and 2002.

Prior to the 2023 revision, the last recorded figures were not available for this street. The 2024 figure of Rs 8,700 per sq.ft reflects the latest valuation in the context of the broader Mylapore Part 1 area.

Guideline values in Mylapore Part 1

Mylapore Part 1 village has a range of guideline values across its 333 streets, with the 2024 figures varying from Rs 4,400 to Rs 25,300 per sq.ft. The median value for this area is Rs 8,800 per sq.ft, placing Srinivasa Perumal Sannathi Street's guideline value below that median.

• Srinivasa Perumal Sannathi 3rd Street: Rs 8,700 per sq.ft (2024)
• Srinivasa Perumal Sannathi 2nd 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 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 at 7% would amount to Rs 6,09,000, and the registration fee at 2% would be Rs 1,74,000, leading to a total cost of Rs 7,83,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Srinivasa Perumal Sannathi Street?

The Sub Registrar Office that covers Srinivasa Perumal Sannathi Street is 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 in the registration process for property transactions in Mylapore Part 1. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When you register a property, the guideline value is considered to ensure that the transaction reflects a fair valuation. This helps in maintaining transparency and accountability in real estate transactions.

Frequently asked questions

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

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

How much has the guideline value changed recently?

From the 2023 revision to the 2024 revision, the guideline value increased by 9%, from Rs 8,000 per sq.ft to Rs 8,700 per sq.ft.

What is the median guideline value in Mylapore Part 1?

The median guideline value in Mylapore Part 1 is Rs 8,800 per sq.ft, which means that Srinivasa Perumal Sannathi Street's current value is below this median.

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

For a property valued at Rs 87,00,000, the stamp duty would be Rs 6,09,000 and the registration fee would be Rs 1,74,000, totaling Rs 7,83,000.

Where is the Sub Registrar Office for this street located?

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