Guideline Value

Corporate

Guideline Value for Chamiers 1st Lane

₹8700/sq.ft.

The guideline value for Chamiers 1st Lane in Mylapore Part 2 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 2

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 2 village under the Chennai Central Joint I SRO, classified as Residential Class I Type - III.

How the guideline value of Chamiers 1st Lane has changed

In the 2023 revision, the guideline value was Rs 8,000 per sq.ft. The latest revision in 2024 has increased this value to Rs 8,700 per sq.ft, marking a change of +9% from the previous year. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

As a result, the only recorded revisions for Chamiers 1st Lane are from 2023 and 2024. The increase in the guideline value reflects adjustments made by the authorities, but no historical figures are available for earlier years.

Guideline values in Mylapore Part 2

In Mylapore Part 2, there are 332 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. The median guideline value for these streets is Rs 8,800 per sq.ft, placing Chamiers 1st Lane's value below this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 8,700 per sq.ft, the total guideline value would be 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. 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 plays a crucial role in the registration process of property transactions in Mylapore Part 2. It is used to determine the stamp duty and registration fees that buyers and sellers must pay when completing a property sale.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the registration fees reflect the actual value of the property being transferred.

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 over the years?

The guideline value increased from Rs 8,000 per sq.ft in 2023 to Rs 8,700 per sq.ft in 2024, reflecting a change of +9%. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the median guideline value in Mylapore Part 2?

The median guideline value for streets in Mylapore Part 2 is Rs 8,800 per sq.ft, making Chamiers 1st Lane's current value below this median.

What are the stamp duty and registration fees for Chamiers 1st Lane?

For a 1,000 sq.ft plot, the total guideline value would be 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.

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.