Guideline Value for Sudharsana Iyer Street

Sudharsana Iyer Street guideline value

The current guideline value of Sudharsana Iyer Street is Rs 8,700 per sq.ft, effective from 1 July 2024. This street is located in the 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 Sudharsana Iyer Street has changed

The guideline value for Sudharsana Iyer Street has undergone several revisions over the years. The register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 8,000 per sq.ft. The most recent revision in 2024 has increased this value to Rs 8,700 per sq.ft, representing a change of +9% from the previous year.

In summary, the guideline values for Sudharsana Iyer Street have seen an increase from Rs 8,000 per sq.ft in 2023 to Rs 8,700 per sq.ft in 2024. The current value reflects the latest adjustments made in the Chennai Central Joint I SRO.

Guideline values in Mylapore Part 1

In Mylapore Part 1, the guideline values for 333 streets under the Chennai Central Joint I SRO range from Rs 4,400 to Rs 25,300 per sq.ft, with a median value of Rs 8,800 per sq.ft. Sudharsana Iyer Street's 2024 figure is below this median.

• Sundaram Street: Rs 8,700 per sq.ft (2024)
• Sundareswarar Koil Street: Rs 8,700 per sq.ft (2024)
• St.Xavior St: Rs 8,700 per sq.ft (2024)
• Thandavarayan 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)

Stamp duty and registration fee for property in Sudharsana Iyer 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, making the total cost for these fees Rs 7,83,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sudharsana Iyer Street?

The Sub Registrar Office that covers Sudharsana Iyer 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 1

The guideline value plays a crucial role during the registration of property transactions in Mylapore Part 1. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is registered, the guideline value is compared to the sale price, and the duty is charged on whichever amount is higher. This ensures that the government receives appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of Sudharsana Iyer Street?

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

How much has the guideline value changed from 2023 to 2024?

The guideline value of Sudharsana Iyer Street increased from Rs 8,000 per sq.ft in 2023 to Rs 8,700 per sq.ft in 2024, which is a change of +9%.

What is the land classification of Sudharsana Iyer Street?

Sudharsana Iyer Street is classified as Residential Class I Type - III under the Chennai Central Joint I SRO.

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

Other streets in Mylapore Part 1 have guideline values ranging from Rs 4,400 to Rs 25,300 per sq.ft, with a median of Rs 8,800 per sq.ft. Sudharsana Iyer Street's value is below this median.

Where is the Sub Registrar Office for Sudharsana Iyer Street located?

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