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 2 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 register has no figures for Cenatoph Road for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 16,000 per sq.ft, and it increased by 10% to Rs 17,600 per sq.ft in the 2024 revision.

This significant change reflects a rise in the guideline value over the past year, moving from Rs 16,000 per sq.ft in 2023 to the current Rs 17,600 per sq.ft in 2024.

Guideline values in Mylapore Part 2

In Mylapore Part 2, there are 332 streets under the Chennai Central Joint I SRO with a 2024 guideline value range from Rs 4,400 to Rs 25,300 per sq.ft. The median value for these streets is Rs 8,800 per sq.ft, placing Cenatoph Road's value above this median.

• 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 is calculated at 7%, resulting in Rs 12,32,000, while the registration fee at 2% amounts to Rs 3,52,000. Together, the total fees would be 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.

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

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 details.

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

The guideline value is a crucial factor during property registration, as it helps determine the applicable stamp duty and registration fees. Buyers and sellers must consider this value to ensure compliance with legal requirements during the transaction process.

When a property is sold, the guideline value serves as a benchmark for the sale price, ensuring that the transaction is recorded accurately and that the appropriate fees are paid to the registration department.

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 much has the guideline value changed recently?

From the 2023 revision to the 2024 revision, the guideline value increased by 10%, moving from Rs 16,000 per sq.ft to Rs 17,600 per sq.ft.

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 registration fees for properties in Cenatoph Road?

The registration fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Which office handles the registration for Cenatoph Road?

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