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Guideline Value

Corporate

Guideline Value for Turn Bulls Road 2 & 4th Cross Street

₹10900/sq.ft.

The guideline value for Turn Bulls Road 2 & 4th Cross Street in Mylapore Part 2 village (Chennai Central Joint I SRO, Chennai zone) is Rs 10900 per sq.ft, effective 1 July 2024. It was Rs 10000 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mylapore Part 2

Village

Chennai Central Joint I

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹10900 /sq.ft.
From 1-4-2023 ₹10000 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.182 Bharati Salai(pycrafts Road) Royapettah, Chennai-600014
044-28613608
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Turn Bulls Road 2 & 4th Cross Street

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Turn Bulls Road 2 & 4th Cross Street guideline value

The current guideline value for Turn Bulls Road 2 & 4th Cross Street is Rs 10,900 per sq.ft, effective from 1 July 2024. This street is located in Mylapore Part 2 village under the Chennai Central Joint I SRO, classified as Residential Class I Type - I.

How the guideline value of Turn Bulls Road 2 & 4th Cross Street has changed

In the 2023 revision, the guideline value was Rs 10,000 per sq.ft. The recent 2024 revision increased this value to Rs 10,900 per sq.ft, marking a change of +9%. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017 for this street.

Thus, the only revisions available for Turn Bulls Road 2 & 4th Cross Street are from 2023 and 2024, showing a clear upward adjustment in the guideline value.

Guideline values in Mylapore Part 2

In Mylapore Part 2, there are 332 streets under the Chennai Central Joint I SRO with 2024 guideline values ranging from Rs 4,400 to Rs 25,300 per sq.ft. The median value is Rs 8,800 per sq.ft, indicating that Turn Bulls Road 2 & 4th Cross Street's 2024 figure is above this median.

Stamp duty and registration fee for property in Turn Bulls Road 2 & 4th Cross 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 to Rs 9,81,000. Duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Turn Bulls Road 2 & 4th Cross Street?

The Sub Registrar Office that covers Turn Bulls Road 2 & 4th 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 details.

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

The guideline value is a critical factor in property transactions, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as it directly impacts the stamp duty and registration fees applicable during the transaction.

When registering a property, the guideline value serves as a benchmark for calculating taxes and fees. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations and to avoid any potential disputes during the registration process.

Frequently asked questions

What is the current guideline value for Turn Bulls Road 2 & 4th Cross Street?

The current guideline value for Turn Bulls Road 2 & 4th 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 changed from Rs 10,000 per sq.ft in 2023 to Rs 10,900 per sq.ft in 2024, reflecting an increase of +9%. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

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

For a property valued at 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. These fees are based on the guideline value.

Where is the Sub Registrar Office located?

The Chennai Central Joint I Sub Registrar Office is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. This office handles registrations for Turn Bulls Road 2 & 4th Cross Street.

What is the median guideline value in Mylapore Part 2?

The median guideline value for streets in Mylapore Part 2 is Rs 8,800 per sq.ft. Turn Bulls Road 2 & 4th Cross Street's current value is above this median.