Guideline Value for Turn Bulls 2nd Street

Turn Bulls 2nd Street guideline value

The current guideline value of Turn Bulls 2nd 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 it falls under the Residential Class I Type - I land classification.

How the guideline value of Turn Bulls 2nd Street has changed

The guideline value for Turn Bulls 2nd Street has seen changes over the years, with the most recent revision in 2024 setting it at Rs 10,900 per sq.ft, which reflects a 9% increase from the 2023 revision of Rs 10,000 per sq.ft. Prior to 2023, the register has no figures for the years 2017, 2012, 2007, 2003, and 2002.

In summary, the guideline value rose from Rs 10,000 per sq.ft in 2023 to Rs 10,900 per sq.ft in 2024. The previous revisions do not provide any figures for Turn Bulls 2nd Street, indicating that there were no recorded changes in those years.

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 Turn Bulls 2nd Street's value above this median.

• Turn Bulls 1st Street: Rs 10,900 per sq.ft (2024)
• Turn Bulls 3rd Street: Rs 10,900 per sq.ft (2024)
• Turn Bulls 1st Cross 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 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 10,900 per sq.ft, the total guideline value would be Rs 1,09,00,000. The stamp duty at 7% would amount to Rs 7,63,000, and the registration fee at 2% would be Rs 2,18,000, bringing the total fees together to Rs 9,81,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Turn Bulls 2nd Street?

The Sub Registrar Office that covers Turn Bulls 2nd 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 during the registration of property transactions in Mylapore Part 1. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is registered, the guideline value is compared with the sale price, and the higher value is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Turn Bulls 2nd Street?

The current guideline value of Turn Bulls 2nd Street is Rs 10,900 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased by 9% from Rs 10,000 per sq.ft in 2023 to Rs 10,900 per sq.ft in 2024.

What is the median guideline value for streets in Mylapore Part 1?

The median guideline value for streets in Mylapore Part 1 is Rs 8,800 per sq.ft, which is below the current value of Turn Bulls 2nd Street.

Where can I find the Sub Registrar Office for Turn Bulls 2nd Street?

The Sub Registrar Office for Turn Bulls 2nd Street is the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value and the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 9,81,000.