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 2 village and falls under the Chennai Central Joint I SRO. The land classification for this area is Commercial Special Type - II.

How the guideline value of Cenatoph 1st Street has changed

According to the guideline value register, there are no figures available for Cenatoph 1st Street for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 14,000 per sq.ft, which was then increased to Rs 15,400 per sq.ft in the 2024 revision, marking a change of +10%.

The 2024 revision reflects a significant update, bringing the value to Rs 15,400 per sq.ft. This increase from the previous year's figure demonstrates the adjustments made in the guideline values as per the latest assessments.

Guideline values in Mylapore Part 2

In Mylapore Part 2, there are 332 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. The median value for this area is Rs 8,800 per sq.ft, and Cenatoph 1st Street's 2024 figure is 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 rate of Rs 15,400 per sq.ft, the guideline value amounts to Rs 1,54,00,000. The stamp duty at 7% would be Rs 10,78,000, and the registration fee at 2% would be Rs 3,08,000, totaling Rs 13,86,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more accurate estimates.

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. For more information, you can find your SRO.

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

The guideline value is a crucial factor in the registration process for property transactions in Mylapore Part 2. It is used to determine the stamp duty and registration fees that must be paid during the sale or purchase of property.

When registering a property, the guideline value serves as a benchmark for assessing the value of the transaction. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations and to accurately calculate the associated costs.

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, which increased to Rs 15,400 per sq.ft in 2024, marking a change of +10%.

What are the stamp duty and registration fees for property in Cenatoph 1st Street?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would be Rs 13,86,000, based on the current guideline value of Rs 15,400 per sq.ft.

Which office handles registrations for Cenatoph 1st Street?

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

What is the land classification for Cenatoph 1st Street?

The land classification for Cenatoph 1st Street is Commercial Special Type - II.