Guideline Value for CHAMIERS ROAD (P.M.D. SALAI)

Chamiers Road (P.M.D. Salai) guideline value

The current guideline value of Chamiers Road (P.M.D. Salai) is Rs 17,600 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 - III.

How the guideline value of Chamiers Road (P.M.D. Salai) has changed

Since the 2012 revision, the guideline value for Chamiers Road (P.M.D. Salai) has seen an increase of 10%. The 2012 revision set the value at Rs 16,000 per sq.ft, which remained unchanged until the 2023 revision. In 2023, the guideline value was revised to Rs 16,000 per sq.ft, and then increased to Rs 17,600 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2017 for this street. Therefore, the only relevant revisions are from 2012, 2023, and 2024.

Guideline values in Mylapore

In Mylapore, there are 883 streets under the Mylapore SRO, with guideline values ranging from Rs 3,300 to Rs 25,800 per sq.ft. The median guideline value for these streets is Rs 8,800 per sq.ft, placing Chamiers Road (P.M.D. Salai) above this median at Rs 17,600 per sq.ft.

• Chanda Sahib Street: Rs 3,300 per sq.ft (2024)
• Chandirasekaran Street: Rs 8,800 per sq.ft (2024)
• Chandrabaugh Avenue: Rs 13,200 per sq.ft (2024)
• Chandrabaugh Avenue 1st Street: Rs 13,200 per sq.ft (2024)
• Chandrabaugh Avenue 2nd Street: Rs 13,200 per sq.ft (2024)
• Chavali Avenue: Rs 9,300 per sq.ft (2024)

Stamp duty and registration fee for property in Chamiers Road (P.M.D. Salai)

For a 1,000 sq.ft plot at the current guideline value of Rs 17,600 per sq.ft, the total guideline value would be Rs 1,76,00,000. The stamp duty at 7% would amount to Rs 12,32,000, and the registration fee at 2% would be Rs 3,52,000, bringing the total to Rs 15,84,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chamiers Road (P.M.D. Salai)?

The Sub Registrar Office that covers Chamiers Road (P.M.D. Salai) 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 details.

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

The guideline value is a critical factor during property transactions in Mylapore. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that the government receives the correct revenue from property transactions.

It is essential for buyers and sellers to be aware of the current guideline value, as it influences the overall cost of purchasing or selling a property. Proper understanding of these values can help in making informed decisions during the registration process.

Frequently asked questions

What is the current guideline value of Chamiers Road (P.M.D. Salai)?

The current guideline value of Chamiers Road (P.M.D. Salai) is Rs 17,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 16,000 per sq.ft in 2012 to Rs 16,000 per sq.ft in 2023, and then to Rs 17,600 per sq.ft in 2024, marking a 10% increase from 2023 to 2024.

What is the land classification for Chamiers Road (P.M.D. Salai)?

Chamiers Road (P.M.D. Salai) is classified as Residential Special Type - III under the Mylapore SRO.

What are the stamp duty rates for properties in Chamiers Road (P.M.D. Salai)?

The stamp duty for properties in Chamiers Road (P.M.D. Salai) is charged at 7% of the guideline value or sale price, whichever is higher.

Where is the Mylapore Sub Registrar Office located?

The Mylapore Sub Registrar Office is located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.