Guideline Value for Chamiers 4th Lane

Chamiers 4th Lane guideline value

The current guideline value of Chamiers 4th Lane is Rs 8,700 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 Residential Class I Type - III.

How the guideline value of Chamiers 4th Lane has changed

The guideline value for Chamiers 4th Lane has undergone revisions over the years. The most recent revision in 2024 set the value at Rs 8,700 per sq.ft, an increase of 9% from the 2023 revision, which was Rs 8,000 per sq.ft. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002.

Prior to the 2023 revision, the guideline value was Rs 8,000 per sq.ft. The changes from 2023 to 2024 reflect an upward adjustment in the guideline value, indicating a shift in the valuation for this street.

Guideline values in Mylapore Part 1

In Mylapore Part 1, there are 333 streets under the Chennai Central Joint I SRO that have a 2024 guideline value ranging from Rs 4,400 to Rs 25,300 per sq.ft, with a median value of Rs 8,800 per sq.ft. Chamiers 4th Lane's 2024 guideline value is below this median.

• Chamiers 3rd Lane: Rs 8,700 per sq.ft (2024)
• Chamiers Lane: Rs 8,700 per sq.ft (2024)
• Chamiers 2nd Lane: Rs 8,700 per sq.ft (2024)
• Chamiers Road / Pasumpon: Rs 17,600 per sq.ft (2024)
• Chamiers 1st Lane: Rs 8,700 per sq.ft (2024)
• Cenatoph Road: Rs 17,600 per sq.ft (2024)

Stamp duty and registration fee for property in Chamiers 4th Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 8,700 per sq.ft, the total 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, bringing the total fees to Rs 7,83,000. Duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Chamiers 4th Lane?

The Sub Registrar Office that covers Chamiers 4th 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 details.

How the guideline value is used when you buy or sell in Mylapore Part 1

The guideline value is a crucial factor in the registration process when buying or selling property in Mylapore Part 1. It determines the amount of stamp duty and registration fees that need to be paid, which are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Chamiers 4th Lane?

The current guideline value of Chamiers 4th 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 by 9%, from Rs 8,000 per sq.ft to Rs 8,700 per sq.ft.

Which Sub Registrar Office covers Chamiers 4th Lane?

The Chennai Central Joint I Sub Registrar Office covers Chamiers 4th Lane, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

What are the stamp duty rates applicable?

The stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.

Where can I find more information about stamp duty and registration fees?

For more information, you can use the stamp duty and registration fee calculator available online.