Guideline Value for Chamiers Road / Pasumpon

Chamiers Road / Pasumpon guideline value

The current guideline value for Chamiers Road / Pasumpon is Rs 17,600 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 Commercial Special Type - V.

How the guideline value of Chamiers Road / Pasumpon has changed

There are no figures available for the revisions in the years 2002, 2003, 2007, 2012, and 2017 for Chamiers Road / Pasumpon. In the 2023 revision, the guideline value was Rs 16,000 per sq.ft, which increased by 10% to Rs 17,600 per sq.ft in the 2024 revision.

This increase reflects a significant adjustment in the guideline value over the last year, indicating a rise in the property valuation for this street.

Guideline values in Mylapore Part 2

In Mylapore Part 2, there are 332 streets under the Chennai Central Joint I SRO with 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 Road / Pasumpon's 2024 figure is above this median.

• Chamiers Lane: Rs 8,700 per sq.ft (2024)
• Chamiers 4th Lane: Rs 8,700 per sq.ft (2024)
• Chamiers 3rd Lane: Rs 8,700 per sq.ft (2024)
• Chamiers 2nd Lane: Rs 8,700 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 Road / Pasumpon

For a 1,000 sq.ft plot at the current rate of Rs 17,600 per sq.ft, the guideline value amounts to Rs 1,76,00,000. The stamp duty at 7% would be Rs 12,32,000, and the registration fee at 2% would be Rs 3,52,000, totaling Rs 15,84,000. 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 Road / Pasumpon?

The Sub Registrar Office covering Chamiers Road / Pasumpon 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 is an essential factor during the registration process of property transactions in Mylapore Part 2. It determines the minimum value at which properties can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for calculating the applicable fees. It is crucial for both buyers and sellers to be aware of the current guideline values to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value for Chamiers Road / Pasumpon?

The current guideline value for Chamiers Road / Pasumpon is Rs 17,600 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 16,000 per sq.ft in 2023 to Rs 17,600 per sq.ft in 2024, marking a 10% rise.

What are the other streets in Mylapore Part 2 and their values?

Other streets in Mylapore Part 2 include Chamiers Lane, Chamiers 4th Lane, Chamiers 3rd Lane, Chamiers 2nd Lane, Chamiers 1st Lane, and Cenatoph Road, with values ranging from Rs 8,700 to Rs 17,600 per sq.ft in 2024.

What fees are associated with buying property in Chamiers Road / Pasumpon?

When buying property, fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Chamiers Road / Pasumpon?

The Sub Registrar Office for Chamiers Road / Pasumpon is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.