Guideline Value for Chenti Chetty Street

Chenti Chetty Street guideline value

The current guideline value of Chenti Chetty Street 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 Chenti Chetty Street has changed

In the 2023 revision, the guideline value for Chenti Chetty Street was Rs 8,000 per sq.ft. This marked an increase of 9% to the current value of Rs 8,700 per sq.ft in the 2024 revision. The register has no figures for this street for the years 2002, 2003, 2007, 2012, and 2017.

Thus, the only recorded revisions for Chenti Chetty Street are from 2023 and 2024, showing a clear upward adjustment in the guideline value over this period.

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, indicating that Chenti Chetty Street's 2024 figure is below this median.

• Chidambaram Pillai Street: Rs 8,700 per sq.ft (2024)
• Chellappa Naicken St: Rs 8,700 per sq.ft (2024)
• Chitharanjan Lane: Rs 15,400 per sq.ft (2024)
• Chittaranjan Salai: Rs 15,400 per sq.ft (2024)
• Chamiers Road / Pasumpon: Rs 17,600 per sq.ft (2024)
• Chamiers Lane: Rs 8,700 per sq.ft (2024)

Stamp duty and registration fee for property in Chenti Chetty Street

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 fees together 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 Chenti Chetty Street?

The Sub Registrar Office that covers Chenti Chetty Street 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 a critical factor during the registration of property transactions in Mylapore Part 2. It is used to determine the stamp duty and registration fees that must be paid, ensuring that the transaction is officially recorded and recognized by the authorities.

When buying or selling property, the guideline value serves as a benchmark for the minimum price at which the property can be registered. Buyers and sellers should be aware of the guideline value to ensure compliance with legal and financial obligations during the transaction process.

Frequently asked questions

What is the current guideline value of Chenti Chetty Street?

The current guideline value of Chenti Chetty Street is Rs 8,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

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%.

What is the land classification for Chenti Chetty Street?

Chenti Chetty Street is classified under Residential Class I Type - III, which indicates its designation for residential use.

How does the guideline value compare to other streets in Mylapore Part 2?

The guideline value of Chenti Chetty Street at Rs 8,700 per sq.ft is below the median value of Rs 8,800 per sq.ft for the 332 streets in Mylapore Part 2.

Where can I find the Sub Registrar Office for Chenti Chetty Street?

The Sub Registrar Office for Chenti Chetty Street is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.