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Guideline Value

Corporate

Guideline Value for Srinivasa Perumal Sannathi Street

₹8700/sq.ft.

The guideline value for Srinivasa Perumal Sannathi 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 Street

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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 2 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 several revisions over the years. The register shows no figures for the years 2002, 2003, 2007, 2012, and 2017. In 2023, the guideline value was Rs 8,000 per sq.ft, and it increased by 9% to reach Rs 8,700 per sq.ft in the 2024 revision.

This increase reflects the adjustments made in the guideline value over time, with the most recent revision being effective from 1 July 2024. The previous revision in 2023 marked a value of Rs 8,000 per sq.ft, indicating a significant change in the current guideline value.

Guideline values in Mylapore Part 2

In Mylapore Part 2, there are 332 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, placing Srinivasa Perumal Sannathi Street's 2024 figure below that median.

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 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 the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Srinivasa Perumal Sannathi Street?

The Sub Registrar Office covering 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 details.

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

The guideline value is a crucial factor when buying or selling property in Mylapore Part 2. It serves as a benchmark for determining the stamp duty and registration fees applicable during the registration process. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value is used to calculate the stamp duty, which is typically charged at a percentage of the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property 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 from 2023 to 2024?

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

What is the land classification for Srinivasa Perumal Sannathi Street?

Srinivasa Perumal Sannathi Street is classified as Residential Class I Type - III.

Where can I find the Sub Registrar Office for this street?

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

How is the stamp duty calculated for properties in this area?

Stamp duty for properties in this area is calculated based on the guideline value or the sale price, whichever is higher. This includes a percentage for both stamp duty and registration fees.