Guideline Value

Corporate

Guideline Value for Chockalingam Colony 1st Cross Street

₹8700/sq.ft.

The guideline value for Chockalingam Colony 1st Cross Street in Mylapore Part 1 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 1

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 Chockalingam Colony 1st Cross Street

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Chockalingam Colony 1st Cross Street guideline value

The current guideline value of Chockalingam Colony 1st Cross Street 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 Chockalingam Colony 1st Cross Street has changed

The guideline value for Chockalingam Colony 1st Cross Street has undergone several revisions over the years. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 8,000 per sq.ft. The latest revision in 2024 shows an increase to Rs 8,700 per sq.ft, marking a change of +9% from the previous year.

In summary, the guideline value has increased from Rs 8,000 per sq.ft in 2023 to Rs 8,700 per sq.ft in 2024. This change reflects the most recent update in the guideline value register.

Guideline values in Mylapore Part 1

In Mylapore Part 1, there are 333 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. The median guideline value for these streets is Rs 8,800 per sq.ft, placing Chockalingam Colony 1st Cross Street's 2024 figure below this median.

Stamp duty and registration fee for property in Chockalingam Colony 1st Cross Street

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. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more details on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chockalingam Colony 1st Cross Street?

The Sub Registrar Office that covers Chockalingam Colony 1st Cross 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 1

The guideline value plays a crucial role in the registration process of property transactions in Mylapore Part 1. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is used to calculate the applicable fees, ensuring that both buyers and sellers are aware of the financial implications of their transactions. It is essential to refer to the most recent guideline value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value for Chockalingam Colony 1st Cross Street?

The current guideline value for Chockalingam Colony 1st Cross Street is Rs 8,700 per sq.ft, effective from 1 July 2024.

How much did the guideline value increase from 2023 to 2024?

The guideline value increased by +9% from Rs 8,000 per sq.ft in 2023 to Rs 8,700 per sq.ft in 2024.

What is the land classification for Chockalingam Colony 1st Cross Street?

Chockalingam Colony 1st Cross Street is classified as Residential Class I Type - III.

Which Sub Registrar Office covers this street?

The Chennai Central Joint I Sub Registrar Office covers Chockalingam Colony 1st Cross Street, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 87,00,000, the stamp duty would be Rs 6,09,000 at a rate of 7%.