Guideline Value for CHANDRABAUGH AVENUE 1ST STREET

Chandrabaugh Avenue 1st Street guideline value

The current guideline value of Chandrabaugh Avenue 1st Street is Rs 13,200 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village and falls under the Mylapore SRO, classified as Residential Class II Type - I.

How the guideline value of Chandrabaugh Avenue 1st Street has changed

In the 2012 revision, the guideline value was Rs 12,000 per sq.ft. This figure decreased to Rs 8,040 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value saw a significant increase of 49%, bringing it to Rs 12,000 per sq.ft. The latest revision in 2024 has further increased the guideline value to Rs 13,200 per sq.ft, reflecting a change of 10% from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Mylapore

Mylapore village has 883 streets under the Mylapore SRO, with guideline values ranging from Rs 3,300 to Rs 25,800 per sq.ft as of 2024. The median guideline value in this area is Rs 8,800 per sq.ft, making the 2024 figure for Chandrabaugh Avenue 1st Street above that median.

• Chandrabaugh Avenue: Rs 13,200 per sq.ft (2024)
• Chandrabaugh Avenue 2nd Street: Rs 13,200 per sq.ft (2024)
• Chandirasekaran Street: Rs 8,800 per sq.ft (2024)
• Chanda Sahib Street: Rs 3,300 per sq.ft (2024)
• Chamiers Road (P.M.D. Salai): Rs 17,600 per sq.ft (2024)
• Chavali Avenue: Rs 9,300 per sq.ft (2024)

Stamp duty and registration fee for property in Chandrabaugh Avenue 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 13,200 per sq.ft, the total guideline value amounts to Rs 1,32,00,000. The stamp duty at 7% would be Rs 9,24,000, and the registration fee at 2% would be Rs 2,64,000, bringing the total cost for these fees to Rs 11,88,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Chandrabaugh Avenue 1st Street?

The Sub Registrar Office that covers Chandrabaugh Avenue 1st Street 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 information.

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

The guideline value plays a crucial role in the registration process of property transactions in Mylapore. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duties and registration fees.

When buying or selling property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures transparency and compliance with regulatory requirements during property transactions.

Frequently asked questions

What is the current guideline value of Chandrabaugh Avenue 1st Street?

The current guideline value of Chandrabaugh Avenue 1st Street is Rs 13,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 12,000 per sq.ft in 2012 to Rs 8,040 per sq.ft in 2017, then increased to Rs 12,000 per sq.ft in 2023, and finally to Rs 13,200 per sq.ft in 2024.

What are the stamp duty and registration fees for this street?

For a 1,000 sq.ft plot, the stamp duty would be Rs 9,24,000 and the registration fee would be Rs 2,64,000, totaling Rs 11,88,000 based on the current guideline value.

Which Sub Registrar Office covers this area?

The Mylapore Sub Registrar Office covers Chandrabaugh Avenue 1st Street, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018.

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum value for property registration and is compared with the sale price to calculate applicable stamp duties and registration fees.