Guideline Value

Corporate

Guideline Value for Chamiers 1st Lane

₹8700/sq.ft.

The guideline value for Chamiers 1st Lane in Mylapore Part 1 village (Chennai Central Joint I SRO, Chennai zone) is Rs 8700 per sq.ft, effective 1 July 2024. It was Rs 8000 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mylapore Part 1

Village

Chennai Central Joint I

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹8700 /sq.ft.
From 1-4-2023 ₹8000 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.182 Bharati Salai(pycrafts Road) Royapettah, Chennai-600014
044-28613608
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Chamiers 1st Lane

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Chamiers 1st Lane guideline value

The current guideline value of Chamiers 1st Lane is Rs 8,700 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 area is Residential Class I Type - III.

How the guideline value of Chamiers 1st Lane has changed

The guideline value for Chamiers 1st Lane has seen revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 8,000 per sq.ft. This increased to Rs 8,700 per sq.ft in the 2024 revision, marking a change of +9%.

With the 2024 revision, the guideline value reflects the latest assessment. The previous figure of Rs 8,000 per sq.ft in 2023 indicates a consistent increase in the valuation of this street over the last year.

Guideline values in Mylapore Part 1

In Mylapore Part 1, there are 333 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 guideline value for this area is Rs 8,800 per sq.ft, positioning Chamiers 1st Lane's 2024 figure below this median.

Stamp duty and registration fee for property in Chamiers 1st Lane

For a 1,000 sq.ft plot at the current rate of Rs 8,700 per sq.ft, the guideline value amounts to Rs 87,00,000. The stamp duty at 7% would be Rs 6,09,000, and the registration fee at 2% would be Rs 1,74,000, totaling Rs 7,83,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chamiers 1st Lane?

The Sub Registrar Office that covers Chamiers 1st Lane 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 plays a crucial role during property transactions in Mylapore Part 1. It is used to determine the stamp duty and registration fees applicable when a property is bought or sold.

When registering a property, buyers must pay stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Chamiers 1st Lane?

The current guideline value of Chamiers 1st Lane is Rs 8,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed recently?

In the 2023 revision, the guideline value was Rs 8,000 per sq.ft, which increased to Rs 8,700 per sq.ft in the 2024 revision, reflecting a change of +9%.

What is the median guideline value in Mylapore Part 1?

The median guideline value in Mylapore Part 1 is Rs 8,800 per sq.ft, with Chamiers 1st Lane's 2024 figure being below this median.

What are the stamp duty rates for properties in Chamiers 1st Lane?

The stamp duty rate for properties in Chamiers 1st Lane is 7%, calculated on the guideline value or the sale price, whichever is higher.

Which office handles registrations for Chamiers 1st Lane?

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