Guideline Value for Cenatoph 2nd Street

Cenatoph 2nd Street guideline value

The current guideline value of Cenatoph 2nd 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 2nd Street has changed

The guideline value register has no figures for Cenatoph 2nd Street for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was recorded at Rs 14,000 per sq.ft. The latest revision in 2024 saw an increase of 10%, bringing the guideline value to Rs 15,400 per sq.ft.

Comparing the revisions, the guideline value increased from Rs 14,000 per sq.ft in 2023 to Rs 15,400 per sq.ft in 2024. This change reflects a significant adjustment in the valuation for properties on this street.

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, with a median value of Rs 8,800 per sq.ft. Cenatoph 2nd Street's 2024 figure is above this median.

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

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 the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Cenatoph 2nd Street?

The Sub Registrar Office that covers Cenatoph 2nd 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 1

The guideline value is a critical factor in the registration process when buying or selling property in Mylapore Part 1. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions are conducted at fair values as per government standards.

When a property is sold, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership. Buyers should be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

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

The current guideline value of Cenatoph 2nd 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 has changed from Rs 14,000 per sq.ft in 2023 to Rs 15,400 per sq.ft in 2024, reflecting a 10% increase. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Cenatoph 2nd Street?

The land classification for Cenatoph 2nd Street is Commercial Special Type - II.

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

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total charges would be Rs 13,86,000.

Where is the Sub Registrar Office for Cenatoph 2nd Street located?

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