Guideline Value for Boat Club Road

Boat Club Road guideline value

The current guideline value of Boat Club Road in Mylapore Part 1 village is Rs 25,300 per sq.ft, effective from 1 July 2024. This street falls under the Chennai Central Joint I SRO and is classified as Residential Special Type - I.

How the guideline value of Boat Club Road has changed

The guideline value for Boat Club Road has undergone several revisions over the years. The register does not contain 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 a significant adjustment in the valuation of properties along this street. The latest figure of Rs 25,300 per sq.ft is the highest recorded for this street, indicating a notable change from the previous year's valuation.

Guideline values in Mylapore Part 1

In Mylapore Part 1, there are 333 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 these streets is Rs 8,800 per sq.ft, placing Boat Club Road's 2024 figure significantly above this median.

• Boat Club Road 1st Avenue: Rs 25,300 per sq.ft (2024)
• Boat Club Road 2nd Avenue: Rs 25,300 per sq.ft (2024)
• Boat Club Road 3rd Avenue: Rs 25,300 per sq.ft (2024)
• Binny Salai: Rs 17,500 per sq.ft (2024)
• Cathedral Garden Lane: Rs 8,700 per sq.ft (2024)
• Cathedral Garden Road: Rs 13,200 per sq.ft (2024)

Stamp duty and registration fee for property in Boat Club Road

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, while the registration fee at 2% would be Rs 5,06,000. Together, these fees amount to Rs 22,77,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Boat Club Road?

The Sub Registrar Office that covers Boat Club Road 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 information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Mylapore Part 1. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring transparency in property transactions.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial obligations associated with the transaction.

Frequently asked questions

What is the current guideline value of Boat Club Road?

The current guideline value of Boat Club Road 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 was Rs 23,000 per sq.ft in 2023 and 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 of Boat Club Road?

Boat Club Road is classified as Residential Special Type - I, indicating its designation for residential purposes within the local planning framework.

What are the stamp duty and registration fees for properties on Boat Club Road?

For a property valued at Rs 2,53,00,000, the stamp duty would be Rs 17,71,000 and the registration fee would be Rs 5,06,000, totaling Rs 22,77,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Boat Club Road located?

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