Guideline Value for Cathedral Garden Road

Cathedral Garden Road guideline value

The current guideline value of Cathedral Garden Road is Rs 13,200 per sq.ft, effective from 1 July 2024. This road is located in Mylapore Part 2 village, under the Chennai Central Joint I SRO, and is classified as Commercial Special Type - III.

How the guideline value of Cathedral Garden Road has changed

The register has no figures for Cathedral Garden Road for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 12,000 per sq.ft. The most recent revision in 2024 increased this to Rs 13,200 per sq.ft, reflecting a change of +10% from the previous year.

With the 2024 revision, Cathedral Garden Road's guideline value is now set at Rs 13,200 per sq.ft, which is above the median guideline value of Rs 8,800 per sq.ft for the 332 streets in Mylapore Part 2 under the Chennai Central Joint I SRO.

Guideline values in Mylapore Part 2

In Mylapore Part 2, the guideline values range from Rs 4,400 to Rs 25,300 per sq.ft, with the median being Rs 8,800 per sq.ft. Cathedral Garden Road, at Rs 13,200 per sq.ft, is positioned above this median.

• Cathedral Garden Lane: Rs 8,700 per sq.ft (2024)
• Cathedral Salai: Rs 20,900 per sq.ft (2024)
• Cenatoph 1st Lane: Rs 15,400 per sq.ft (2024)
• Cenatoph 1st Street: Rs 15,400 per sq.ft (2024)
• Cenatoph 2nd Lane: Rs 15,400 per sq.ft (2024)
• Cenatoph 2nd Lane cross Street: Rs 15,400 per sq.ft (2024)

Stamp duty and registration fee for property in Cathedral Garden Road

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

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

Which Sub Registrar Office covers Cathedral Garden Road?

The Sub Registrar Office that covers Cathedral Garden 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 details.

How the guideline value is used when you buy or sell in Mylapore Part 2

The guideline value plays a crucial role during the registration of property transactions in Mylapore Part 2. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in this area.

When a property is registered, the guideline value is considered to ensure that the appropriate fees are collected. Buyers and sellers should be aware of the guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Cathedral Garden Road?

The current guideline value of Cathedral Garden Road is Rs 13,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed recently?

In the 2023 revision, the guideline value was Rs 12,000 per sq.ft, which increased to Rs 13,200 per sq.ft in the 2024 revision, marking a change of +10%.

What is the land classification of Cathedral Garden Road?

Cathedral Garden Road is classified as Commercial Special Type - III under the Chennai Central Joint I SRO.

What are the other streets in Mylapore Part 2 and their guideline values?

Other streets in Mylapore Part 2 include Cathedral Garden Lane at Rs 8,700 per sq.ft, Cathedral Salai at Rs 20,900 per sq.ft, and several Cenatoph lanes and streets at Rs 15,400 per sq.ft.

Where can I find the Sub Registrar Office for Cathedral Garden Road?

The Sub Registrar Office for Cathedral Garden Road is the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.