Guideline Value for THALAYARI STREET / SANJEEVI STREET

Thalayari Street / Sanjeevi Street guideline value

The current guideline value for Thalayari Street / Sanjeevi Street is Rs 7,100 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village, under the Mylapore SRO, and is classified as Residential Class IV Type - III.

How the guideline value of Thalayari Street / Sanjeevi Street has changed

The guideline value for Thalayari Street / Sanjeevi Street has seen several revisions over the years. Starting with Rs 872 per sq.ft in 2002, it increased to Rs 969 per sq.ft in 2003, marking an 11% rise. The value then rose significantly to Rs 1,540 per sq.ft in 2007, a 59% increase. Following this, it surged to Rs 6,500 per sq.ft in 2012, representing a remarkable 322% increase. However, from 2012 to 2017, the value dropped to Rs 4,355 per sq.ft, a decrease of 33%. The most recent revision in 2024 set the value at Rs 7,100 per sq.ft, which is a 63% increase from the 2017 figure.

The register has no figure for this street in 2023. Overall, from 2002 to 2024, the guideline value has increased by 714%.

Guideline values in Mylapore

In Mylapore, there are 883 streets under the Mylapore SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 25,800 per sq.ft, with a median value of Rs 8,800 per sq.ft. Thalayari Street / Sanjeevi Street's 2024 figure is below this median.

• Thanappa Street(Lane): Rs 7,100 per sq.ft (2024)
• Thachi Arunachalam Street: Rs 7,100 per sq.ft (2024)
• Thandavarayan Street (Mrc Nagar): Rs 17,600 per sq.ft (2024)
• THANDAVARAYAN STREET (Near Madha Church Road): Rs 7,100 per sq.ft (2024)
• Teachers Colony: Rs 7,100 per sq.ft (2024)
• Thejabai (Marvadi Thottam): Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Thalayari Street / Sanjeevi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value would be Rs 71,00,000. The stamp duty at 7% would amount to Rs 4,97,000, while the registration fee at 2% would be Rs 1,42,000. Together, the total cost for these fees would be Rs 6,39,000. It is important to note that the 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 Thalayari Street / Sanjeevi Street?

The Sub Registrar Office that covers Thalayari Street / Sanjeevi Street is the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Mylapore. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. This ensures that the government receives the appropriate revenue based on the property's value as assessed by the guideline value register.

When a buyer or seller engages in a property transaction, the guideline value is referenced to calculate the necessary fees. It is essential for both parties to be aware of the current guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value for Thalayari Street / Sanjeevi Street?

The current guideline value for Thalayari Street / Sanjeevi Street is Rs 7,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 872 per sq.ft in 2002 to Rs 7,100 per sq.ft in 2024, reflecting an overall increase of 714% over this period.

What is the land classification for Thalayari Street / Sanjeevi Street?

Thalayari Street / Sanjeevi Street is classified as Residential Class IV Type - III.

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

The Sub Registrar Office for Thalayari Street / Sanjeevi Street is the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.

How is stamp duty calculated for properties in Mylapore?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 71,00,000 would incur a stamp duty of Rs 4,97,000 at the rate of 7%.