Guideline Value

Corporate

Guideline Value for BOAT CLUB ROAD 1ST AVENUE

₹25300/sq.ft.

The guideline value for Boat Club Road 1st Avenue in Mylapore village (Mylapore SRO, Chennai zone) is Rs 25300 per sq.ft, effective 1 July 2024. It was Rs 23000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mylapore

Village

Mylapore

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹25300 /sq.ft.
From 1-4-2023 ₹23000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹15410 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹23000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹4500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹2453 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹2208 /sq.ft.
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 Boat Club Road 1st Avenue

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Boat Club Road 1st Avenue guideline value

The current guideline value for Boat Club Road 1st Avenue is Rs 25,300 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village, under the Mylapore SRO, and is classified as Residential Special Type - I.

How the guideline value of Boat Club Road 1st Avenue has changed

The guideline value for Boat Club Road 1st Avenue has seen significant changes over the years. In 2002, the value was Rs 2,208 per sq.ft. This increased to Rs 2,453 per sq.ft in 2003, marking an increase of 11%. The value then rose sharply to Rs 4,500 per sq.ft in 2007, reflecting an increase of 83%. Following this, the value surged to Rs 23,000 per sq.ft in 2012, which was a remarkable increase of 411%. However, it then decreased to Rs 15,410 per sq.ft in 2017, showing a decline of 33%.

In 2023, the guideline value was revised to Rs 23,000 per sq.ft, and in the latest revision for 2024, it increased by 10% to Rs 25,300 per sq.ft. Overall, from 2002 to 2024, the guideline value has increased by 1046%.

Guideline values in Mylapore

In Mylapore, there are 883 streets under the Mylapore SRO, with guideline values ranging from Rs 3,300 to Rs 25,800 per sq.ft. The median guideline value in this area is Rs 8,800 per sq.ft, positioning Boat Club Road 1st Avenue above this median.

Stamp duty and registration fee for property in Boat Club Road 1st Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 25,300 per sq.ft, the total guideline value would be Rs 2,53,00,000. The stamp duty at 7% would amount to Rs 17,71,000, and the registration fee at 2% would be Rs 5,06,000. Together, the total cost would be Rs 22,77,000. 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 Boat Club Road 1st Avenue?

The Sub Registrar Office that covers Boat Club Road 1st Avenue 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 is a crucial factor when registering property transactions in Mylapore. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from property transactions.

When you buy or sell property, the guideline value is used to calculate stamp duty and registration fees. This means that it is essential for both buyers and sellers to be aware of the current guideline value to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Boat Club Road 1st Avenue?

The current guideline value of Boat Club Road 1st Avenue is Rs 25,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 2,208 per sq.ft in 2002 to Rs 25,300 per sq.ft in 2024, reflecting an overall increase of 1046%.

What are the stamp duty and registration fees for property in Boat Club Road 1st Avenue?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total cost would be Rs 22,77,000.

Which office handles property registrations for Boat Club Road 1st Avenue?

The Mylapore Sub Registrar Office handles property registrations for Boat Club Road 1st Avenue, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the minimum registration value of properties, which affects the stamp duty and registration fees during property transactions in Mylapore.