Guideline Value for CHANDRABAUGH AVENUE

Chandrabaugh Avenue guideline value

The current guideline value of Chandrabaugh Avenue 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 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, there was a significant increase of 49%, raising the value to Rs 12,000 per sq.ft. The most recent revision in 2024 has further increased the guideline value to Rs 13,200 per sq.ft, reflecting a 10% rise from the previous year.

The register does not contain figures for Chandrabaugh Avenue for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Mylapore

Chandrabaugh Avenue's 2024 guideline value of Rs 13,200 per sq.ft is above the median value of Rs 8,800 per sq.ft for the 883 streets in Mylapore under the Mylapore SRO, which range from Rs 3,300 to Rs 25,800 per sq.ft.

• Chandrabaugh Avenue 1st Street: 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

For a 1,000 sq.ft plot at the current rate, the 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, totaling Rs 11,88,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chandrabaugh Avenue?

The Sub Registrar Office covering Chandrabaugh Avenue 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 crucial factor in property transactions in Mylapore. It is used to determine the stamp duty and registration fees that must be paid during the registration process. Buyers should be aware that the duty is charged based on the higher of the guideline value or the sale price.

When selling property, the guideline value ensures that the transaction is registered at a fair value, which is essential for legal and taxation purposes. Understanding the guideline value can help both buyers and sellers navigate the registration process more effectively.

Frequently asked questions

What is the current guideline value of Chandrabaugh Avenue?

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

How much has the guideline value changed over the years?

From the 2012 revision of Rs 12,000 per sq.ft, the value decreased 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 is the land classification for Chandrabaugh Avenue?

Chandrabaugh Avenue is classified as Residential Class II Type - I under the Mylapore SRO.

Where can I find the Sub Registrar Office for Chandrabaugh Avenue?

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

How is the stamp duty calculated for properties in Chandrabaugh Avenue?

The stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees amount to Rs 11,88,000.