Guideline Value for Cenatoph Road

Cenatoph Road guideline value

The current guideline value of Cenatoph Road is Rs 17,600 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 is classified as Commercial Special Type - V.

How the guideline value of Cenatoph Road has changed

The guideline value for Cenatoph Road has seen significant changes over the years. The register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017. In 2023, the guideline value was Rs 16,000 per sq.ft, which increased by 10% to Rs 17,600 per sq.ft in the 2024 revision.

This increase reflects the adjustments made in the valuation of properties in the area. The 2024 revision marks a notable rise from the previous year, indicating a shift in the guideline value for Cenatoph Road.

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. Cenatoph Road's 2024 figure of Rs 17,600 per sq.ft is above the median value of Rs 8,800 per sq.ft.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 17,600 per sq.ft, the total guideline value amounts to Rs 1,76,00,000. The stamp duty at 7% would be Rs 12,32,000, and the registration fee at 2% would be Rs 3,52,000, totaling Rs 15,84,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Cenatoph Road?

The Sub Registrar Office that covers Cenatoph Road 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 process when buying or selling property. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring compliance with the regulations set by the Registration Department.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Cenatoph Road?

The current guideline value of Cenatoph Road is Rs 17,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Cenatoph Road has changed from Rs 16,000 per sq.ft in 2023 to Rs 17,600 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 of Cenatoph Road?

Cenatoph Road is classified as Commercial Special Type - V under the Chennai Central Joint I SRO.

What are the stamp duty rates for property transactions?

The stamp duty rate for property transactions in Chennai is typically 7%. This is calculated based on the higher of the guideline value or the sale price of the property.

Where can I find more information about the registration office?

The Chennai Central Joint I Sub Registrar Office covers Cenatoph Road and is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. More information can be found by visiting the find your SRO page.