Guideline Value

Corporate

Guideline Value for Chamiers Lane

₹8700/sq.ft.

The guideline value for Chamiers 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 Lane

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Chamiers Lane guideline value

The current guideline value of Chamiers 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 it falls under the Residential Class I Type - III land classification.

How the guideline value of Chamiers Lane has changed

The guideline value for Chamiers Lane has undergone several revisions over the years. The register does not contain figures for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 8,000 per sq.ft, which was an increase from the previous figures. The latest revision in 2024 raised the guideline value to Rs 8,700 per sq.ft, marking a 9% increase from the 2023 figure.

With the 2024 revision, Chamiers Lane's guideline value is now recorded at Rs 8,700 per sq.ft. This value reflects the most recent adjustments and is crucial for property transactions in the area.

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 Lane's 2024 figure below this median.

Stamp duty and registration fee for property in Chamiers 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, leading to a total of Rs 7,83,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chamiers Lane?

The Sub Registrar Office that covers Chamiers 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 information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Mylapore Part 2. It helps determine the stamp duty and registration fees that must be paid, ensuring compliance with local regulations.

When a property is registered, the guideline value serves as a benchmark for the transaction, and it is essential for both buyers and sellers to be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Chamiers Lane?

The current guideline value of Chamiers 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 for Chamiers Lane has changed from Rs 8,000 per sq.ft in 2023 to Rs 8,700 per sq.ft in 2024, reflecting a 9% increase. The register does not contain figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Chamiers Lane?

Chamiers Lane falls under the Residential Class I Type - III land classification. This classification is important for understanding the permissible uses of the land.

What are the stamp duty and registration fees for properties in Chamiers Lane?

For a property valued at Rs 87,00,000, the stamp duty is Rs 6,09,000 at 7%, and the registration fee is Rs 1,74,000 at 2%, totaling Rs 7,83,000. Duty is charged on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Chamiers Lane?

The Sub Registrar Office for Chamiers Lane is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. This office is responsible for property registrations in the area.