Guideline Value for Cenatoph 1st Street

Cenatoph 1st Street guideline value

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

How the guideline value of Cenatoph 1st Street has changed

According to the register, there are no figures for Cenatoph 1st Street for the years 2002, 2003, 2007, 2012, and 2017. The guideline value was Rs 14,000 per sq.ft in the 2023 revision. From 2023 to 2024, the guideline value increased by 10%, resulting in the current figure of Rs 15,400 per sq.ft.

The 2024 revision marks the first change in the guideline value for Cenatoph 1st Street since the 2023 revision. The increase reflects the latest adjustments made by the Registration Department.

Guideline values in Mylapore Part 1

In Mylapore Part 1, there are 333 streets under the Chennai Central Joint I SRO with a 2024 guideline value ranging from Rs 4,400 to Rs 25,300 per sq.ft. The median guideline value for this area is Rs 8,800 per sq.ft, placing Cenatoph 1st Street's current value above this median.

• Cenatoph 1st Lane: 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 Street

For a 1,000 sq.ft plot at the current guideline value of Rs 15,400 per sq.ft, the total guideline value amounts to Rs 1,54,00,000. The stamp duty at 7% would be Rs 10,78,000, while the registration fee at 2% would be Rs 3,08,000, bringing the total to Rs 13,86,000. Please note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Cenatoph 1st Street?

The Sub Registrar Office that covers Cenatoph 1st Street 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 1

The guideline value is a critical factor during the registration process of property transactions in Mylapore Part 1. It serves as a reference point for determining the stamp duty and registration fees that must be paid when buying or selling property.

When a property is registered, the guideline value helps ensure that the transaction is recorded accurately, reflecting the official value set by the Registration Department. This value is used to calculate the applicable fees, which are essential for the legal transfer of property ownership.

Frequently asked questions

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

The current guideline value of Cenatoph 1st Street 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 Street was Rs 14,000 per sq.ft in 2023 and increased by 10% to Rs 15,400 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Cenatoph 1st Street?

The land classification for Cenatoph 1st Street is Commercial Special Type - II, indicating its use and zoning regulations.

What is the registration office for Cenatoph 1st Street?

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

How is the stamp duty calculated for properties in Cenatoph 1st Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 1,54,00,000 incurs a stamp duty of Rs 10,78,000 at 7% and a registration fee of Rs 3,08,000 at 2%.