Guideline Value for Cenatoph 2nd Lane cross Street

Cenatoph 2nd Lane cross Street guideline value

The current guideline value of Cenatoph 2nd Lane cross Street is Rs 15,400 per sq.ft as per the 2024 revision, 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 2nd Lane cross Street has changed

The guideline value for Cenatoph 2nd Lane cross Street has undergone several revisions over the years. The register has no figure for the years 2002, 2003, 2007, 2012, and 2017. In 2023, the guideline value was Rs 14,000 per sq.ft, and it increased by 10% to Rs 15,400 per sq.ft in the 2024 revision.

Prior to the 2023 revision, the register does not provide any figures for the specified years. The most recent change reflects a significant adjustment in the guideline value, indicating a clear upward movement from the previous year.

Guideline values in Mylapore Part 2

In Mylapore Part 2, there are 332 streets under the Chennai Central Joint I SRO, with guideline values ranging from Rs 4,400 to Rs 25,300 per sq.ft. The median value for these streets is Rs 8,800 per sq.ft, making the 2024 figure for Cenatoph 2nd Lane cross Street notably above this median.

• Cenatoph 2nd Lane: Rs 15,400 per sq.ft (2024)
• Cenatoph 2nd Street: Rs 15,400 per sq.ft (2024)
• Cenatoph 1st Street: Rs 15,400 per sq.ft (2024)
• Cenatoph Road: Rs 17,600 per sq.ft (2024)
• Cenatoph 1st Lane: Rs 15,400 per sq.ft (2024)
• Cathedral Salai: Rs 20,900 per sq.ft (2024)

Stamp duty and registration fee for property in Cenatoph 2nd Lane cross 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, and the registration fee at 2% would be Rs 3,08,000, bringing the total fees to Rs 13,86,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Cenatoph 2nd Lane cross Street?

The Sub Registrar Office covering Cenatoph 2nd Lane cross 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 information.

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

The guideline value is a critical factor during property registration in Mylapore Part 2. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value helps determine the minimum price at which a property can be registered. Buyers and sellers must be aware of this value to ensure compliance with legal requirements during the transaction process.

Frequently asked questions

What is the current guideline value of Cenatoph 2nd Lane cross Street?

The current guideline value of Cenatoph 2nd Lane cross 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 2nd Lane cross Street was Rs 14,000 per sq.ft in 2023, which 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 2nd Lane cross Street?

The land classification for Cenatoph 2nd Lane cross Street is Commercial Special Type - II. This classification can affect the types of developments allowed in the area.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Cenatoph 2nd Lane cross Street is the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

How is stamp duty calculated for properties in Mylapore Part 2?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 1,54,00,000, the stamp duty would be calculated at 7% of that amount.