Guideline Value for Cenatoph 1st Lane

Cenatoph 1st Lane guideline value

The current guideline value of Cenatoph 1st Lane is Rs 15,400 per sq.ft, effective from 1 July 2024. This street is located in Mylapore Part 1 village under the Chennai Central Joint I SRO, and it is classified as Commercial Special Type - II.

How the guideline value of Cenatoph 1st Lane has changed

The guideline value for Cenatoph 1st Lane has undergone several revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 14,000 per sq.ft. In the latest 2024 revision, the value increased to Rs 15,400 per sq.ft, reflecting a change of +10% from the previous year.

Prior to the 2023 revision, there were no figures available for the specified years. The 2024 figure of Rs 15,400 per sq.ft places this street above the median guideline value of Rs 8,800 per sq.ft for Mylapore Part 1.

Guideline values in Mylapore Part 1

In Mylapore Part 1, there are 333 streets under the Chennai Central Joint I SRO that carry a 2024 guideline value ranging from Rs 4,400 to Rs 25,300 per sq.ft. Cenatoph 1st Lane's guideline value of Rs 15,400 per sq.ft is above the median value for the area.

• 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)
• Cenatoph 2nd Street: Rs 15,400 per sq.ft (2024)
• Cenatoph Road: Rs 17,600 per sq.ft (2024)
• Cathedral Salai: Rs 20,900 per sq.ft (2024)

Stamp duty and registration fee for property in Cenatoph 1st Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 15,400 per sq.ft, the total guideline value would be Rs 1,54,00,000. The stamp duty at 7% would amount to Rs 10,78,000, and the registration fee at 2% would be Rs 3,08,000, bringing the total charges to Rs 13,86,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Cenatoph 1st Lane?

The Sub Registrar Office that covers Cenatoph 1st Lane 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 information.

How the guideline value is used when you buy or sell in Mylapore Part 1

The guideline value plays a crucial role during the registration of property transactions in Mylapore Part 1. It is used to determine the stamp duty and registration fees that must be paid, ensuring that both the buyer and seller are aware of the legal obligations involved in the transaction.

When a property is bought or sold, the guideline value is assessed to ensure compliance with local regulations. Buyers should be aware that the guideline value may differ from the sale price, and the higher amount will be the basis for calculating the applicable duties and fees.

Frequently asked questions

What is the current guideline value of Cenatoph 1st Lane?

The current guideline value of Cenatoph 1st Lane is Rs 15,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Cenatoph 1st Lane has seen revisions, with the most recent being Rs 15,400 per sq.ft in 2024, up from Rs 14,000 per sq.ft in 2023. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification of Cenatoph 1st Lane?

Cenatoph 1st Lane is classified as Commercial Special Type - II under the Chennai Central Joint I SRO.

What are the stamp duty and registration fees for properties in this area?

For a property valued at the guideline rate, the stamp duty is 7% and the registration fee is 2%. For example, on a 1,000 sq.ft plot at Rs 15,400 per sq.ft, the total charges would be Rs 13,86,000.

Where is the Sub Registrar Office for Cenatoph 1st Lane located?

The Sub Registrar Office for Cenatoph 1st Lane is the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.