Guideline Value for THANDAVARAYAN STREET (Near Madha Church Road)

THANDAVARAYAN STREET (Near Madha Church Road) guideline value

The current guideline value of THANDAVARAYAN STREET (Near Madha Church Road) 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 THANDAVARAYAN STREET (Near Madha Church Road) has changed

The guideline value for THANDAVARAYAN STREET has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 7,100 per sq.ft, which is an increase from Rs 6,500 per sq.ft in 2023, reflecting a change of +9%. Prior to that, in 2017, the guideline value was Rs 4,355 per sq.ft, marking a significant increase of +49% to the 2023 figure. The 2012 revision also recorded a value of Rs 6,500 per sq.ft, which was a decrease of -33% from the 2017 figure. Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by +9%.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. The 2012 and 2017 revisions show fluctuations, but the current value reflects a steady increase from the earlier years.

Guideline values in Mylapore

In Mylapore village, there are 883 streets under the Mylapore SRO, with guideline values ranging from Rs 3,300 to Rs 25,800 per sq.ft as of 2024. The median guideline value for these streets is Rs 8,800 per sq.ft, indicating that THANDAVARAYAN STREET's current value is below this median.

• Thandavarayan Street (Mrc Nagar): Rs 17,600 per sq.ft (2024)
• Thanappa Street(Lane): Rs 7,100 per sq.ft (2024)
• Thalayari Street / Sanjeevi Street: Rs 7,100 per sq.ft (2024)
• Thachi Arunachalam Street: 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 THANDAVARAYAN STREET (Near Madha Church Road)

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value amounts to Rs 71,00,000. The stamp duty at 7% would be Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, bringing the total to Rs 6,39,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers THANDAVARAYAN STREET (Near Madha Church Road)?

The Sub Registrar Office that covers THANDAVARAYAN STREET (Near Madha Church Road) 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 information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Mylapore. It serves as a reference point for the valuation of the property and is used to determine the applicable stamp duty and registration fees. Buyers and sellers must be aware of the guideline value to ensure they comply with legal requirements during the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the stamp duty. This ensures that the government receives the appropriate revenue based on the actual value of the property being transferred.

Frequently asked questions

What is the current guideline value of THANDAVARAYAN STREET?

The current guideline value of THANDAVARAYAN STREET (Near Madha Church Road) 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 from Rs 4,355 per sq.ft in 2017 to Rs 6,500 per sq.ft in 2023, and currently to Rs 7,100 per sq.ft in 2024. This reflects a significant increase over the years, with a notable rise of +49% from 2017 to 2023.

What is the land classification for THANDAVARAYAN STREET?

THANDAVARAYAN STREET is classified as Residential Class IV Type - III. This classification is important for determining the applicable guidelines and regulations for property transactions in the area.

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

The Sub Registrar Office covering THANDAVARAYAN STREET is located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018. This office handles the registration of properties in the area.

What are the other streets with similar guideline values in Mylapore?

In Mylapore, there are several other streets with similar guideline values. For instance, Thanappa Street (Lane), Thalayari Street / Sanjeevi Street, Thachi Arunachalam Street, and Teachers Colony all share the same guideline value of Rs 7,100 per sq.ft in 2024.