Guideline Value for Turn Bulls 1st Cross Street

Turn Bulls 1st Cross Street guideline value

The current guideline value of Turn Bulls 1st Cross Street is Rs 10,900 per sq.ft, effective from 1 July 2024. This street is located in Mylapore Part 1 village under the Chennai Central Joint I SRO, classified as Residential Class I Type - I.

How the guideline value of Turn Bulls 1st Cross Street has changed

The register has no figure for Turn Bulls 1st Cross Street for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 10,000 per sq.ft. This increased by 9% to reach the current guideline value of Rs 10,900 per sq.ft in the 2024 revision.

Comparing the revisions, the 2023 figure was Rs 10,000 per sq.ft, and the latest revision in 2024 shows an increase to Rs 10,900 per sq.ft. This change reflects a significant adjustment in the guideline value for this street.

Guideline values in Mylapore Part 1

Mylapore Part 1 consists of 333 streets under the Chennai Central Joint I SRO, with guideline values ranging from Rs 4,400 to Rs 25,300 per sq.ft. The median guideline value is Rs 8,800 per sq.ft, indicating that Turn Bulls 1st Cross Street's 2024 figure is above this median.

• Turn Bulls 1st Street: Rs 10,900 per sq.ft (2024)
• Turn Bulls 2nd Street: Rs 10,900 per sq.ft (2024)
• Turn Bulls 3rd Street: Rs 10,900 per sq.ft (2024)
• Turn Bulls Road: Rs 14,300 per sq.ft (2024)
• TTK Road (Mowbaries Road): Rs 17,600 per sq.ft (2024)
• Turn Bulls Road 2 & 4th Cross Street: Rs 10,900 per sq.ft (2024)

Stamp duty and registration fee for property in Turn Bulls 1st Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 10,900 per sq.ft, the guideline value amounts to Rs 1,09,00,000. The stamp duty at 7% would be Rs 7,63,000, and the registration fee at 2% would be Rs 2,18,000, totaling Rs 9,81,000. 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 Turn Bulls 1st Cross Street?

The Sub Registrar Office that covers Turn Bulls 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 is a crucial factor during the registration of property transactions in Mylapore Part 1. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives its due revenue from property sales.

When buying or selling property, the guideline value helps determine the minimum value at which the property can be registered. This ensures transparency and prevents undervaluation of properties during transactions.

Frequently asked questions

What is the current guideline value of Turn Bulls 1st Cross Street?

The current guideline value of Turn Bulls 1st Cross Street is Rs 10,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 10,000 per sq.ft in 2023 to Rs 10,900 per sq.ft in 2024, reflecting a 9% increase. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017 for this street.

What are the guideline values of other streets in Mylapore Part 1?

Other streets in Mylapore Part 1 have varying guideline values, with rates ranging from Rs 4,400 to Rs 25,300 per sq.ft. Turn Bulls 1st Cross Street's value is higher than the median of Rs 8,800 per sq.ft for the area.

What fees are associated with buying property in Turn Bulls 1st Cross Street?

When buying property in Turn Bulls 1st Cross Street, you will incur a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Turn Bulls 1st Cross Street located?

The Sub Registrar Office for Turn Bulls 1st Cross Street is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014, under the Chennai Central Joint I SRO.