Guideline Value for Archbishop mathus Avenue

Archbishop mathus Avenue guideline value

The current guideline value of Archbishop mathus Avenue is Rs 20,900 per sq.ft, effective from 1 July 2024. This street is located in Mylapore Part 2 village, under the Chennai Central Joint I SRO, and is classified as Commercial Special Type - I.

How the guideline value of Archbishop mathus Avenue has changed

The guideline value for Archbishop mathus Avenue has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 20,900 per sq.ft, which represents a 10% increase from the 2023 revision of Rs 19,000 per sq.ft. The register has no figure for this street in the years 2017, 2012, 2007, 2003, and 2002.

In summary, the 2023 revision recorded a guideline value of Rs 19,000 per sq.ft, while the 2024 revision increased it to Rs 20,900 per sq.ft. This change reflects the most current valuation for the street, with no historical figures available for the earlier years mentioned.

Guideline values in Mylapore Part 2

In Mylapore Part 2, there are 332 streets under the Chennai Central Joint I SRO, with guideline values ranging from Rs 4,400 to Rs 25,300 per sq.ft. The median value for this area is Rs 8,800 per sq.ft, placing Archbishop mathus Avenue’s 2024 figure significantly above this median.

• Appadurai Street: Rs 8,700 per sq.ft (2024)
• Arundadhi Nagar: Rs 6,100 per sq.ft (2024)
• Anna Salai (Nandanam to Jemini Membalam): Rs 20,900 per sq.ft (2024)
• Austin Nagar 1st Street: Rs 12,100 per sq.ft (2024)
• Austin Nagar 2nd Street: Rs 12,100 per sq.ft (2024)
• Avvai Shanmugam Salai (Lloyds Road): Rs 13,200 per sq.ft (2024)

Stamp duty and registration fee for property in Archbishop mathus Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 20,900 per sq.ft, the total guideline value amounts to Rs 2,09,00,000. The stamp duty at 7% would be Rs 14,63,000, and the registration fee at 2% would be Rs 4,18,000, bringing the total cost to Rs 18,81,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Archbishop mathus Avenue?

The Sub Registrar Office covering Archbishop mathus Avenue is the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Mylapore Part 2

The guideline value is a crucial factor in the registration process when buying or selling property in Mylapore Part 2. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is conducted transparently and fairly.

When you register a property, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions, based on the established guideline values for different streets and areas.

Frequently asked questions

What is the current guideline value of Archbishop mathus Avenue?

The current guideline value of Archbishop mathus Avenue is Rs 20,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Archbishop mathus Avenue has increased from Rs 19,000 per sq.ft in 2023 to Rs 20,900 per sq.ft in 2024, marking a 10% increase. The register has no figure for this street in the years 2017, 2012, 2007, 2003, and 2002.

What is the land classification for Archbishop mathus Avenue?

Archbishop mathus Avenue is classified as Commercial Special Type - I, indicating its suitability for commercial activities.

What are the stamp duty and registration fees for properties on this avenue?

For a 1,000 sq.ft plot valued at Rs 20,900 per sq.ft, the total guideline value is Rs 2,09,00,000. The stamp duty would be Rs 14,63,000, and the registration fee would be Rs 4,18,000, totaling Rs 18,81,000.

Where is the Sub Registrar Office for Archbishop mathus Avenue located?

The Sub Registrar Office for Archbishop mathus Avenue is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.