Guideline Value

Corporate

Guideline Value for Chamiers 3rd Lane

₹8700/sq.ft.

The guideline value for Chamiers 3rd 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 3rd Lane

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Chamiers 3rd Lane guideline value

The current guideline value of Chamiers 3rd 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, and is classified as Residential Class I Type - III.

How the guideline value of Chamiers 3rd Lane has changed

In the 2023 revision, the guideline value for Chamiers 3rd Lane was Rs 8,000 per sq.ft. This marked an increase from the previous revisions, which have no figures available for the years 2002, 2003, 2007, 2012, and 2017. The most recent revision in 2024 shows a guideline value of Rs 8,700 per sq.ft, reflecting a change of +9% from the 2023 figure.

Overall, the guideline value has seen a steady increase from Rs 8,000 in 2023 to Rs 8,700 in 2024. The revisions with no figures indicate that there have been no recorded values for Chamiers 3rd Lane in the earlier years mentioned.

Guideline values in Mylapore Part 2

In Mylapore Part 2, there are 332 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 these streets is Rs 8,800 per sq.ft, placing Chamiers 3rd Lane's 2024 figure below this median.

Stamp duty and registration fee for property in Chamiers 3rd 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 amount to Rs 6,09,000, and the registration fee at 2% would be Rs 1,74,000, making the total cost for these fees Rs 7,83,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher.

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

Which Sub Registrar Office covers Chamiers 3rd Lane?

The Sub Registrar Office that covers Chamiers 3rd 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 further assistance.

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

The guideline value is a crucial factor during the registration of property transactions in Mylapore Part 2. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the fair value of the property. It is essential for buyers to be aware of this value to avoid overpaying and for sellers to set realistic expectations for the sale price.

Frequently asked questions

What is the current guideline value of Chamiers 3rd Lane?

The current guideline value of Chamiers 3rd Lane is Rs 8,700 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 from Rs 8,000 to Rs 8,700 per sq.ft, representing a change of +9%.

What is the median guideline value for streets in Mylapore Part 2?

The median guideline value for streets in Mylapore Part 2 is Rs 8,800 per sq.ft, which is above the current value of Chamiers 3rd Lane.

What are the stamp duty and registration fees for property in Chamiers 3rd Lane?

For a 1,000 sq.ft plot at Rs 8,700 per sq.ft, the total guideline value would be Rs 87,00,000. The stamp duty would be Rs 6,09,000 and the registration fee would be Rs 1,74,000, totaling Rs 7,83,000.

Which office handles property registrations for Chamiers 3rd Lane?

The Chennai Central Joint I Sub Registrar Office handles property registrations for Chamiers 3rd Lane, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.