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Guideline Value

Corporate

Guideline Value for Boat Club Road 3rd Avenue

₹25300/sq.ft.

The guideline value for Boat Club Road 3rd Avenue in Mylapore Part 1 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 1

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 3rd Avenue

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Boat Club Road 3rd Avenue guideline value

The current guideline value of Boat Club Road 3rd Avenue is Rs 25,300 per sq.ft, effective from 1 July 2024. This street is located in the Mylapore Part 1 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 3rd Avenue has changed

The guideline value for Boat Club Road 3rd 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 increase reflects the adjustments made in the guideline value register, indicating a significant rise from the previous year's figure. The current rate is now above the median guideline value of Rs 8,800 per sq.ft for the 333 streets in Mylapore Part 1 under the Chennai Central Joint I SRO.

Guideline values in Mylapore Part 1

The guideline values for properties in Mylapore Part 1 range from Rs 4,400 to Rs 25,300 per sq.ft, with the median being Rs 8,800 per sq.ft. Boat Club Road 3rd Avenue's 2024 figure of Rs 25,300 per sq.ft is notably above this median.

Stamp duty and registration fee for property in Boat Club Road 3rd Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 25,300 per sq.ft, the total guideline value amounts to Rs 2,53,00,000. The stamp duty at 7% would be Rs 17,71,000, and the registration fee at 2% would be Rs 5,06,000, bringing the total to Rs 22,77,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Boat Club Road 3rd Avenue?

The Sub Registrar Office that covers Boat Club Road 3rd 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 more details.

How the guideline value is used when you buy or sell in Mylapore Part 1

The guideline value is a crucial factor in property transactions in Mylapore Part 1, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that all transactions are conducted fairly and transparently.

It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process. Understanding these values can help in making informed decisions when engaging in property transactions.

Frequently asked questions

What is the current guideline value of Boat Club Road 3rd Avenue?

The current guideline value of Boat Club Road 3rd 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 for Boat Club Road 3rd Avenue was Rs 23,000 per sq.ft in 2023, which increased by 10% to Rs 25,300 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Boat Club Road 3rd Avenue?

The land classification for Boat Club Road 3rd Avenue is Residential Special Type - I, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for properties in this area?

For a property valued at the current guideline value of Rs 25,300 per sq.ft, the stamp duty at 7% would be Rs 17,71,000, and the registration fee at 2% would be Rs 5,06,000, totaling Rs 22,77,000.

Which office handles the registration for Boat Club Road 3rd Avenue?

The registration for Boat Club Road 3rd Avenue is handled by the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.