Guideline Value for Sundareswarar Koil Street

Sundareswarar Koil Street guideline value

The current guideline value of Sundareswarar Koil 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. The land classification for this street is Residential Class I Type - III.

How the guideline value of Sundareswarar Koil Street has changed

The guideline value for Sundareswarar Koil Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 8,700 per sq.ft, which is an increase from Rs 8,000 per sq.ft in the 2023 revision, reflecting a change of +9%. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Prior to the 2023 revision, the guideline value for this street was not recorded. The 2024 figure of Rs 8,700 per sq.ft places it below the median value of Rs 8,800 per sq.ft for the 333 streets in Mylapore Part 1 under the Chennai Central Joint I SRO.

Guideline values in Mylapore Part 1

The guideline values for properties in Mylapore Part 1 range from Rs 4,400 to Rs 25,300 per sq.ft. Sundareswarar Koil Street's 2024 figure of Rs 8,700 per sq.ft is below the median value of Rs 8,800 per sq.ft. Here are some other streets in Mylapore Part 1:

• Sundaram Street: Rs 8,700 per sq.ft (2024)
• Sudharsana Iyer 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 Sundareswarar Koil 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, while the registration fee at 2% would be Rs 1,74,000. Together, these fees would total Rs 7,83,000. It is important to note that the 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 detailed calculations.

Which Sub Registrar Office covers Sundareswarar Koil Street?

The Sub Registrar Office that covers Sundareswarar Koil 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 plays a crucial role 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 that need to be paid at the time of registration.

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

Frequently asked questions

What is the current guideline value of Sundareswarar Koil Street?

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

How has the guideline value changed over the years?

The guideline value for Sundareswarar Koil Street has increased from Rs 8,000 per sq.ft in 2023 to Rs 8,700 per sq.ft in 2024, marking a change of +9%. There are no recorded figures for the years 2017, 2012, 2007, 2003, and 2002.

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

Other streets in Mylapore Part 1 have varying guideline values, ranging from Rs 4,400 to Rs 25,300 per sq.ft. The median value for these streets is Rs 8,800 per sq.ft.

What are the stamp duty and registration fees for properties on Sundareswarar Koil Street?

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. This is based on the current guideline value of Rs 8,700 per sq.ft.

Which office handles property registrations for Sundareswarar Koil Street?

The Chennai Central Joint I Sub Registrar Office handles property registrations for Sundareswarar Koil Street. It is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.