Guideline Value for West End Street

West End Street guideline value

The current guideline value of West End Street is Rs 8,700 per sq.ft, effective from 1 July 2024. This street is located in Mylapore Part 2 village, under the Chennai Central Joint I SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of West End Street has changed

The guideline value for West End Street has seen revisions over the years. The 2023 revision set the value at Rs 8,000 per sq.ft, which was an increase from previous years where the register has no figure for this street in 2017, 2012, 2007, 2003, and 2002. The latest revision in 2024 increased the guideline value to Rs 8,700 per sq.ft, marking a 9% increase from the 2023 figure.

As we look back, the 2023 revision was the most recent prior to the 2024 update, reflecting a consistent upward trend in the guideline value for this street. The absence of figures in earlier revisions indicates that there was no recorded guideline value for West End Street during those years.

Guideline values in Mylapore Part 2

In Mylapore Part 2, there are 332 streets under the Chennai Central Joint I SRO that carry a 2024 guideline value, ranging from Rs 4,400 to Rs 25,300 per sq.ft. The median guideline value for the area is Rs 8,800 per sq.ft, placing West End Street's 2024 figure below this median.

• V.V.Koil Lane: Rs 8,700 per sq.ft (2024)
• Yahiya Ali 1st Street: Rs 7,700 per sq.ft (2024)
• Yahiya Ali 2nd Street: Rs 7,700 per sq.ft (2024)
• Yahiya Ali 3rd Street: Rs 7,700 per sq.ft (2024)
• V.O.C. Street: Rs 7,700 per sq.ft (2024)
• Venkatarathinam Salai: Rs 10,900 per sq.ft (2024)

Stamp duty and registration fee for property in West End 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, bringing the total fees to 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 details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers West End Street?

The Sub Registrar Office that covers West End 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 2

The guideline value is a crucial factor during the registration of property transactions in Mylapore Part 2. It serves as a benchmark for determining the stamp duty and registration fees payable when a property is bought or sold.

Frequently asked questions

What is the current guideline value of West End Street?

The current guideline value of West End 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 increased from Rs 8,000 per sq.ft in 2023 to Rs 8,700 per sq.ft in 2024, marking a 9% increase. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What are the guideline values of other streets in Mylapore Part 2?

Other streets in Mylapore Part 2 have varying guideline values, with rates ranging from Rs 4,400 to Rs 25,300 per sq.ft. The median for the area is Rs 8,800 per sq.ft.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is calculated at 2% of the same. For example, a property valued at Rs 87,00,000 would incur a total fee of Rs 7,83,000.

Where can I find the Sub Registrar Office for West End Street?

The Sub Registrar Office covering West End Street is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find more information about your SRO online.