Guideline Value for St.Xavior St

St.Xavior St guideline value

The current guideline value of St.Xavior St in Mylapore Part 2 village is Rs 8,700 per sq.ft, effective from 1 July 2024. This street falls under the Chennai Central Joint I SRO and is classified as Residential Class I Type - III.

How the guideline value of St.Xavior St has changed

The guideline value for St.Xavior St has undergone several revisions over the years. The most recent revision in 2024 set the 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 figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

In summary, the guideline value has increased from Rs 8,000 per sq.ft in 2023 to Rs 8,700 per sq.ft in 2024. The changes reflect the adjustments made in the valuation of properties in the area, ensuring that the guideline values stay current.

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, making St.Xavior St's 2024 figure below that 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 would be 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 or the sale price.

For more detailed 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 2

The guideline value is a crucial factor in property transactions in Mylapore Part 2. It serves as the basis for calculating stamp duty and registration fees, which are mandatory when registering a property. Buyers and sellers must consider this value to ensure compliance with local regulations.

When purchasing a property, the guideline value helps determine the minimum price at which the property can be registered. This ensures that the transaction is recorded accurately and that the appropriate taxes are collected by the government.

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, reflecting a 9% increase. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What are the stamp duty and registration fees for properties on St.Xavior St?

The stamp duty for a property on St.Xavior St is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total costs would amount to Rs 7,83,000.

Which Sub Registrar Office covers St.Xavior St?

The Chennai Central Joint I Sub Registrar Office covers St.Xavior St, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

What is the land classification for St.Xavior St?

St.Xavior St is classified as Residential Class I Type - III under the Chennai Central Joint I SRO.