Guideline Value for Boat Club Road

Boat Club Road guideline value

The current guideline value of Boat Club Road in Mylapore Part 2 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

According to the guideline value register, there are no figures available for Boat Club Road for the years 2002, 2003, 2007, 2012, and 2017. The most recent revisions show that in 2023, 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 change reflects the latest valuation effective from 1 July 2024, indicating a significant adjustment in the guideline value for this street over the past year.

Guideline values in Mylapore Part 2

Mylapore Part 2 has a total of 332 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 guideline value in this area 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, 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 guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Boat Club Road?

The Sub Registrar Office covering 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 2

The guideline value is a critical factor in the registration process when buying or selling property in Mylapore Part 2. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a value that reflects the current market conditions, ensuring compliance with local regulations. Buyers and sellers should be aware of this value to understand the financial implications of their property transactions.

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 much has the guideline value changed recently?

From the 2023 revision to the 2024 revision, the guideline value increased by 10%, from Rs 23,000 per sq.ft to Rs 25,300 per sq.ft.

What is the land classification for Boat Club Road?

Boat Club Road is classified as Residential Special Type - I under the Chennai Central Joint I SRO.

Where can I find the Sub Registrar Office for Boat Club Road?

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

How is stamp duty calculated for properties in Boat Club Road?

Stamp duty for properties in Boat Club Road is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 2,53,00,000 would incur a stamp duty of Rs 17,71,000 at 7%.