Guideline Value for St.Xavior St

St.Xavior St guideline value

The current guideline value of St.Xavior St is Rs 8,700 per sq.ft, effective from 1 July 2024. This street is located in Mylapore Part 1 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 St.Xavior St has changed

The guideline value for St.Xavior St has seen changes over the years, with the most recent revision in 2024 setting it at Rs 8,700 per sq.ft, up from Rs 8,000 per sq.ft in the 2023 revision, marking a 9% increase. The register does not have figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Prior to the 2023 revision, the guideline values for St.Xavior St were not recorded in the register for the years mentioned. The 2024 figure represents a significant adjustment compared to the previous year.

Guideline values in Mylapore Part 1

Mylapore Part 1 has a total of 333 streets under the Chennai Central Joint I SRO, with 2024 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, indicating that St.Xavior St's current value is slightly below this median.

• Sudharsana Iyer Street: Rs 8,700 per sq.ft (2024)
• Sundaram Street: Rs 8,700 per sq.ft (2024)
• Sundareswarar Koil Street: Rs 8,700 per sq.ft (2024)
• Sriram Nagar West Street: Rs 14,300 per sq.ft (2024)
• Sriram Nagar South Street: Rs 14,300 per sq.ft (2024)
• Sriram Nagar North Street: Rs 14,300 per sq.ft (2024)

Stamp duty and registration fee for property in St.Xavior St

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, bringing the total fees to Rs 7,83,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers St.Xavior St?

The Sub Registrar Office that covers St.Xavior St 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 when buying or selling property in Mylapore Part 1. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the necessary fees. This ensures that the government receives the appropriate revenue based on the property's assessed value.

Frequently asked questions

What is the current guideline value of St.Xavior St?

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

How has the guideline value changed over the years?

The guideline value increased from Rs 8,000 per sq.ft in 2023 to Rs 8,700 per sq.ft in 2024, marking a 9% increase. There are no recorded figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What are the guideline values for other streets in Mylapore Part 1?

Other streets in Mylapore Part 1 have varying guideline values, with some streets like Sudharsana Iyer Street, Sundaram Street, and Sundareswarar Koil Street all at Rs 8,700 per sq.ft in 2024, while others like Sriram Nagar West, South, and North Streets are at Rs 14,300 per sq.ft.

How is stamp duty calculated for properties on St.Xavior St?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For a property valued at Rs 87,00,000, the stamp duty at 7% would amount to Rs 6,09,000.

Where can I find the Sub Registrar Office for St.Xavior St?

The Sub Registrar Office for St.Xavior St is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find more details by visiting the relevant website.