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 2 village and falls under the Chennai Central Joint I SRO. The land classification for this street is Residential Class I Type - I.

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

The guideline value for Turn Bulls 2nd Street has undergone several revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 10,000 per sq.ft, which increased to Rs 10,900 per sq.ft in the 2024 revision, marking a change of +9%.

Prior to the 2023 revision, there were no recorded figures for this street in the register. The current guideline value reflects the latest assessment as of July 2024.

Guideline values in Mylapore Part 2

In Mylapore Part 2, there are 332 streets under the Chennai Central Joint I SRO with a 2024 guideline value range from Rs 4,400 to Rs 25,300 per sq.ft. The median guideline value for this area is Rs 8,800 per sq.ft, placing Turn Bulls 2nd Street's 2024 figure above that 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 or 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. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Mylapore Part 2

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Mylapore Part 2, this value is used to calculate the stamp duty and registration fees that must be paid at the time of registration.

It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with legal requirements and to understand the financial implications of their transactions. Accurate knowledge of the guideline value helps in making informed decisions during the property registration process.

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?

From the 2023 revision to the 2024 revision, the guideline value increased from Rs 10,000 per sq.ft to Rs 10,900 per sq.ft, which is a change of +9%.

What is the land classification of Turn Bulls 2nd Street?

The land classification for Turn Bulls 2nd Street is Residential Class I Type - I.

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 is the guideline value used in property transactions?

The guideline value is used to determine the minimum value for property registration and is essential for calculating stamp duty and registration fees. It ensures compliance with legal requirements during property transactions in Mylapore Part 2.