Guideline Value for CHANDRABAUGH AVENUE 2ND STREET

Chandrabaugh Avenue 2nd Street guideline value

The current guideline value of Chandrabaugh Avenue 2nd Street is Rs 13,200 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village, under the Mylapore SRO, and is classified as Residential Class II Type - I.

How the guideline value of Chandrabaugh Avenue 2nd Street has changed

The guideline value for Chandrabaugh Avenue 2nd Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 13,200 per sq.ft, which is a 10% increase from Rs 12,000 per sq.ft in the 2023 revision. Prior to that, the value was Rs 8,040 per sq.ft in 2017, reflecting a significant increase of 49% from that year to 2023. The 2012 revision also recorded a value of Rs 12,000 per sq.ft, marking a decrease of 33% from the 2017 figure.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Mylapore

In Mylapore, there are 883 streets under the Mylapore SRO that have a guideline value for 2024, ranging from Rs 3,300 to Rs 25,800 per sq.ft. The median guideline value in this area is Rs 8,800 per sq.ft, placing Chandrabaugh Avenue 2nd Street's 2024 figure above that median.

• Chandrabaugh Avenue 1st Street: Rs 13,200 per sq.ft (2024)
• Chandrabaugh Avenue: 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 2nd 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 to Rs 11,88,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chandrabaugh Avenue 2nd Street?

The Sub Registrar Office covering Chandrabaugh Avenue 2nd 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 is a critical factor in property transactions in Mylapore, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that both parties are aware of the financial obligations involved in the transaction.

Additionally, the guideline value serves as a reference point for property assessments, providing transparency in real estate transactions. It is essential for buyers and sellers to be familiar with the current guideline value to make informed decisions during property dealings.

Frequently asked questions

What is the current guideline value of Chandrabaugh Avenue 2nd Street?

The current guideline value of Chandrabaugh Avenue 2nd Street is Rs 13,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, with the most recent increase of 10% from Rs 12,000 per sq.ft in 2023 to Rs 13,200 per sq.ft in 2024. The value increased by 49% from Rs 8,040 per sq.ft in 2017 to Rs 12,000 per sq.ft in 2023.

What is the land classification of Chandrabaugh Avenue 2nd Street?

Chandrabaugh Avenue 2nd Street is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the guidelines for stamp duty and registration fees?

You can find the guidelines for stamp duty and registration fees by using the stamp duty and registration fee calculator available online.

Which Sub Registrar Office covers this area?

The Mylapore Sub Registrar Office covers Chandrabaugh Avenue 2nd Street, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018.