Guideline Value for Turn Bulls 1st Street

Turn Bulls 1st Street guideline value

The current guideline value of Turn Bulls 1st 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, and is classified as Residential Class I Type - I.

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

The guideline value for Turn Bulls 1st Street has undergone several revisions over the years. As per the register, there are no figures available for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 10,000 per sq.ft, which was then increased to Rs 10,900 per sq.ft in the 2024 revision, marking a change of +9%.

This increase reflects the current valuation trends in the area, with the 2024 figure now standing at Rs 10,900 per sq.ft. The previous revision in 2023 was Rs 10,000 per sq.ft, indicating a notable rise in the guideline value for this street.

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 value for these streets is Rs 8,800 per sq.ft, making the guideline value of Turn Bulls 1st Street above the median.

• Turn Bulls 1st Cross 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)
• Turn Bulls Road 2 & 4th Cross Street: Rs 10,900 per sq.ft (2024)
• Turnbulls Road 3rd Cross Street: Rs 10,900 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 10,900 per sq.ft, the total 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, bringing the total cost to Rs 9,81,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more precise calculations based on your property details.

Which Sub Registrar Office covers Turn Bulls 1st Street?

The Sub Registrar Office that covers Turn Bulls 1st Street is the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Mylapore Part 1

The guideline value is an important factor in property transactions in Mylapore Part 1, as it determines the minimum value at which a property can be registered. It serves as a benchmark for calculating the stamp duty and registration fees payable during the transaction.

When buying or selling property, it is essential to consider the guideline value, as it influences the overall costs involved in the registration process. Buyers should ensure they are aware of the current guideline value to avoid any discrepancies during the transaction.

Frequently asked questions

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

The current guideline value of Turn Bulls 1st 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 for Turn Bulls 1st Street has changed from Rs 10,000 per sq.ft in 2023 to Rs 10,900 per sq.ft in 2024, marking an increase of +9%. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Turn Bulls 1st Street?

Turn Bulls 1st Street is classified as Residential Class I Type - I, indicating its designation for residential purposes within the area.

What are the stamp duty and registration fees for property in this area?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 1,09,00,000. The stamp duty would be Rs 7,63,000, and the registration fee would be Rs 2,18,000, totaling Rs 9,81,000.

Where can I find the Sub Registrar Office for Turn Bulls 1st Street?

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