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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 Part 2 village (Chennai Central Joint I 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 Part 2

Village

Chennai Central Joint I

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 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.182 Bharati Salai(pycrafts Road) Royapettah, Chennai-600014
044-28613608
[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

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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 Part 2 village and falls under the Chennai Central Joint I SRO. The land classification for this area is 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 several revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 23,000 per sq.ft, which increased by 10% to Rs 25,300 per sq.ft in the 2024 revision.

This significant change reflects the latest revision effective from July 2024. The previous figures indicate a steady increase from Rs 23,000 in 2023 to the current rate, highlighting the importance of keeping track of guideline values for property transactions.

Guideline values in Mylapore Part 2

In Mylapore Part 2, there are a total of 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 these streets is Rs 8,800 per sq.ft, placing 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, leading to a total of 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 further calculations, 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 Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find your SRO for additional information.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Mylapore Part 2, the guideline value is used to calculate the applicable stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the current guideline values to ensure compliance with local regulations during the registration process. This helps in avoiding any legal complications that may arise from undervaluation or overvaluation of properties.

Frequently asked questions

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

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

How much has the guideline value changed from 2023 to 2024?

The guideline value increased from Rs 23,000 per sq.ft in 2023 to Rs 25,300 per sq.ft in 2024, reflecting a 10% increase.

What is the land classification for Boat Club Road 1st Avenue?

Boat Club Road 1st Avenue is classified as Residential Special Type - I.

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

The Sub Registrar Office for Boat Club Road 1st Avenue is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

How is stamp duty calculated for properties in this area?

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