Guideline Value for Cokran Basin 4th Lane

Cokran Basin 4th Lane guideline value

The current guideline value of Cokran Basin 4th Lane is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village under the Royapuram SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Cokran Basin 4th Lane has changed

The guideline value register has no figures for Cokran Basin 4th Lane 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.

There have been no changes between the revisions listed above. The only current figure available for Cokran Basin 4th Lane is from the 2024 revision.

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 for these streets is Rs 1,600 per sq.ft, making the 2024 figure for Cokran Basin 4th Lane below that median.

• Cockrin Basin Lane: Rs 1,300 per sq.ft (2024)
• Cockran Basin 3rd Lane: Rs 1,300 per sq.ft (2024)
• Cockran Basin 2nd Lane: Rs 1,300 per sq.ft (2024)
• Cochrane Basin Road: 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 Cokran Basin 4th Lane

For a 1,000 sq.ft plot at the current rate of Rs 1,300 per sq.ft, the guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, totaling Rs 1,17,000. 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 Cokran Basin 4th Lane?

The Cokran Basin 4th Lane falls under the jurisdiction of the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Tondaiarpet. It is used to determine the stamp duty and registration fees applicable during the registration process. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements.

When a property is sold, the guideline value serves as a benchmark for calculating the applicable fees. It is essential for both parties to understand that the fees will be based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Cokran Basin 4th Lane?

The current guideline value of Cokran Basin 4th Lane is Rs 1,300 per sq.ft, effective from 1 July 2024.

What is the land classification for Cokran Basin 4th Lane?

The land classification for Cokran Basin 4th Lane is Residential Class II Type - I.

Are there any previous guideline values for Cokran Basin 4th Lane?

The guideline value register has no figures for Cokran Basin 4th Lane for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only current figure available is from the 2024 revision.

How is the stamp duty calculated for properties in Cokran Basin 4th Lane?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate of Rs 1,300 per sq.ft results in a total guideline value of Rs 13,00,000.

Where is the Sub Registrar Office for Cokran Basin 4th Lane located?

The Royapuram Sub Registrar Office, which covers Cokran Basin 4th Lane, is located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.