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Guideline value, street

Guideline Value for Vidya Theertha Nagar (St.marys Road West) (C.p.ramaswamy Road «ñø¢è¤ô¢)

₹8200/sq.ft.effective 1 July 2024

Chennai zone Mylapore village Mylapore SRO Residential Class Iv Type - I

The guideline value for Vidya Theertha Nagar (st.marys Road West) (c.p.ramaswamy Road «ñø¢è¤ô¢) in Mylapore village (Mylapore SRO, Chennai zone) is Rs 8200 per sq.ft, effective 1 July 2024. It was Rs 7500 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

History
Period Guideline Value
From 1-7-2024 ₹8200 /sq.ft.
From 1-4-2023 ₹7500 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony ,cresent Street Alwarpet,chennai -600018
044-24640344
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Vidya Theertha Nagar (st.marys Road West) (c.p.ramaswamy Road «ñø¢è¤ô¢)

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VIDYA THEERTHA NAGAR (St.Marys Road West) (C.P.Ramaswamy Road «ñø¢è¤ô¢) guideline value

The current guideline value of VIDYA THEERTHA NAGAR (St.Marys Road West) (C.P.Ramaswamy Road «ñø¢è¤ô¢) is Rs 8,200 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village and falls under the Mylapore SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of VIDYA THEERTHA NAGAR (St.Marys Road West) (C.P.Ramaswamy Road «ñø¢è¤ô¢) has changed

The guideline value for VIDYA THEERTHA NAGAR has seen notable changes over the years. The 2023 revision set the value at Rs 7,500 per sq.ft, while the latest 2024 revision increased it to Rs 8,200 per sq.ft, marking a change of +9%. 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 7,500 per sq.ft in 2023 to Rs 8,200 per sq.ft in 2024. The absence of figures in previous revisions indicates that the value has been static for those years.

Guideline values in Mylapore

Within Mylapore village, 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. The median value for these streets is Rs 8,800 per sq.ft, placing the guideline value of VIDYA THEERTHA NAGAR below this median.

Stamp duty and registration fee for property in VIDYA THEERTHA NAGAR (St.Marys Road West) (C.P.Ramaswamy Road «ñø¢è¤ô¢)

For a 1,000 sq.ft plot at the current rate of Rs 8,200 per sq.ft, the guideline value totals Rs 82,00,000. The stamp duty at 7% would be Rs 5,74,000, and the registration fee at 2% would be Rs 1,64,000, bringing the total to Rs 7,38,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers VIDYA THEERTHA NAGAR (St.Marys Road West) (C.P.Ramaswamy Road «ñø¢è¤ô¢)?

The Sub Registrar Office that covers VIDYA THEERTHA NAGAR 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 is a crucial factor in the registration process when buying or selling property in Mylapore. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction.

When a property is registered, the guideline value is considered to ensure that the correct fees are paid. Buyers should be aware that the duty is charged on the higher of the guideline value and the actual sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of VIDYA THEERTHA NAGAR?

The current guideline value of VIDYA THEERTHA NAGAR (St.Marys Road West) (C.P.Ramaswamy Road «ñø¢è¤ô¢) is Rs 8,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed recently?

The guideline value increased from Rs 7,500 per sq.ft in 2023 to Rs 8,200 per sq.ft in 2024, representing a change of +9%.

What land classification is assigned to VIDYA THEERTHA NAGAR?

VIDYA THEERTHA NAGAR is classified as Residential Class IV Type - I.

Where can I find the Mylapore Sub Registrar Office?

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

How is stamp duty calculated in Mylapore?

Stamp duty in Mylapore is calculated based on the guideline value or the sale price, whichever is higher. The current rate is 7% for stamp duty and 2% for the registration fee.