Guideline Value

Corporate

Guideline Value for BOAT CLUB ROAD 2ND AVENUE

₹25300/sq.ft.

The guideline value for Boat Club Road 2nd 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 2nd Avenue

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Boat Club Road 2nd Avenue guideline value

The current guideline value of Boat Club Road 2nd 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 2nd Avenue has changed

The guideline value for Boat Club Road 2nd Avenue has seen significant changes over the years. In 2002, the guideline value was Rs 2,208 per sq.ft. This figure increased to Rs 2,453 per sq.ft in 2003, marking an increase of 11%. The value then rose substantially to Rs 4,500 per sq.ft in 2007, reflecting an increase of 83%. Following that, the value surged to Rs 23,000 per sq.ft in 2012, a remarkable increase of 411%. However, it then decreased to Rs 15,410 per sq.ft in 2017, a decline of 33%. The guideline value was Rs 23,000 per sq.ft in 2023, before reaching the current figure of Rs 25,300 per sq.ft in 2024, which represents a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 1046%. There are no figures available for the revisions of years not listed in the register for this street.

Guideline values in Mylapore

In Mylapore, 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, with a median value of Rs 8,800 per sq.ft. The guideline value of Boat Club Road 2nd Avenue is above this median.

Stamp duty and registration fee for property in Boat Club Road 2nd 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, resulting in a total of Rs 22,77,000. The duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Boat Club Road 2nd Avenue?

The Sub Registrar Office that covers Boat Club Road 2nd 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 information.

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

The guideline value is a critical factor when registering property transactions in Mylapore. It serves as the basis for calculating stamp duty and registration fees, ensuring that property transactions are recorded at a value recognized by the government.

When you buy or sell property, the guideline value helps determine the legal obligations for taxes and fees. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Boat Club Road 2nd Avenue?

The current guideline value of Boat Club Road 2nd 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 from Rs 2,208 per sq.ft in 2002 to Rs 25,300 per sq.ft in 2024, showing an overall increase of 1046% over this period.

What is the land classification for Boat Club Road 2nd Avenue?

Boat Club Road 2nd Avenue is classified as Residential Special Type - I.

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

The Mylapore Sub Registrar Office covers Boat Club Road 2nd Avenue and is located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.

How is the stamp duty calculated for properties in Mylapore?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 2,53,00,000, the stamp duty at 7% would be Rs 17,71,000.