Guideline Value for Cockran Basin 2nd Lane

Cockran Basin 2nd Lane guideline value

The current guideline value of Cockran Basin 2nd Lane is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village, under the jurisdiction of the Royapuram SRO. It falls under the Residential Class II Type - I land classification.

How the guideline value of Cockran Basin 2nd Lane has changed

The guideline value register for Cockran Basin 2nd Lane shows no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision is from 2024, which sets the guideline value at Rs 1,300 per sq.ft.

Since there are no figures available for the previous revisions, it can be concluded that the only current figure is from the 2024 revision, which is Rs 1,300 per sq.ft.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median guideline value in this area is Rs 1,600 per sq.ft, indicating that Cockran Basin 2nd Lane's 2024 figure is below that median.

• Cochrane Basin Road: Rs 1,300 per sq.ft (2024)
• Cockran Basin 3rd Lane: Rs 1,300 per sq.ft (2024)
• Cockrin Basin Lane: Rs 1,300 per sq.ft (2024)
• Cokran Basin 4th Lane: Rs 1,300 per sq.ft (2024)
• Company Chathiram Street: Rs 1,300 per sq.ft (2024)
• Connection Road in between Nehru Nagar to Nethaji Nagar: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Cockran Basin 2nd Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, while the registration fee at 2% would be Rs 26,000, bringing the total cost together to Rs 1,17,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Cockran Basin 2nd Lane?

The Sub Registrar Office that covers Cockran Basin 2nd Lane is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Tondaiarpet

When buying or selling property in Tondaiarpet, the guideline value is a crucial factor in determining the stamp duty and registration fees. This value is set by the registration department and is used as a benchmark for calculating the taxes applicable to property transactions.

It is essential for buyers and sellers to be aware of the guideline value as it affects the overall cost of property transactions. The guideline value can vary significantly between different streets and areas, influencing the financial aspects of buying or selling real estate.

Frequently asked questions

What is the current guideline value of Cockran Basin 2nd Lane?

The current guideline value of Cockran Basin 2nd Lane is Rs 1,300 per sq.ft, effective from 1 July 2024.

What is the land classification of Cockran Basin 2nd Lane?

Cockran Basin 2nd Lane is classified under Residential Class II Type - I.

Are there any previous guideline values for Cockran Basin 2nd Lane?

The guideline value register shows no figures for Cockran Basin 2nd Lane for the years 2002, 2003, 2007, 2012, 2017, and 2023.

What is the median guideline value in Tondaiarpet?

The median guideline value in Tondaiarpet is Rs 1,600 per sq.ft, which is higher than the current value of Cockran Basin 2nd Lane.

Where is the Sub Registrar Office for Cockran Basin 2nd Lane located?

The Royapuram Sub Registrar Office is located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.