Guideline Value for Turn Bulls Road Extention

Turn Bulls Road Extention guideline value

The current guideline value of Turn Bulls Road Extention is Rs 10,900 per sq.ft, effective from 1 July 2024. This street is located in Mylapore Part 1 village and falls under the Chennai Central Joint I SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Turn Bulls Road Extention has changed

Over the years, the guideline value for Turn Bulls Road Extention has experienced several revisions. The register does not contain figures for the years 2002, 2003, 2007, 2012, and 2017. In 2023, the guideline value was Rs 10,000 per sq.ft, which increased by 9% to Rs 10,900 per sq.ft in the 2024 revision.

This change marks a significant update, reflecting the current valuation as of July 2024. The previous revisions in the register do not provide any figures for this street, indicating that the most recent values are crucial for understanding its current standing.

Guideline values in Mylapore Part 1

In Mylapore Part 1, there are 333 streets under the Chennai Central Joint I SRO that carry a 2024 guideline value ranging from Rs 4,400 to Rs 25,300 per sq.ft. The median guideline value for the area is Rs 8,800 per sq.ft, positioning Turn Bulls Road Extention above this median.

• Turnbulls Road 6th Cross Street: Rs 10,900 per sq.ft (2024)
• Turnbulls Road 5th Cross Street: Rs 10,900 per sq.ft (2024)
• Turnbulls Road 3rd Cross Street: Rs 10,900 per sq.ft (2024)
• Turn Bulls Road 2 & 4th Cross Street: Rs 10,900 per sq.ft (2024)
• Turn Bulls Road: Rs 14,300 per sq.ft (2024)
• Turn Bulls 3rd Street: Rs 10,900 per sq.ft (2024)

Stamp duty and registration fee for property in Turn Bulls Road Extention

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, resulting in a total of 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.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Turn Bulls Road Extention?

The Sub Registrar Office covering Turn Bulls Road Extention 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 critical factor during the registration of property transactions in Mylapore Part 1. It serves as a benchmark for determining the appropriate stamp duty and registration fees based on the property's value.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, helping to maintain transparency in real estate dealings within the region.

Frequently asked questions

What is the current guideline value of Turn Bulls Road Extention?

The current guideline value of Turn Bulls Road Extention 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, marking a 9% increase. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017 in the register.

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

For a 1,000 sq.ft plot, the total guideline value is 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.

Which office handles property registrations for Turn Bulls Road Extention?

The Chennai Central Joint I Sub Registrar Office is responsible for property registrations in Turn Bulls Road Extention, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

How is the guideline value determined for properties in Mylapore Part 1?

The guideline value in Mylapore Part 1 is determined based on various factors, including the classification of the land and recent revisions in the guideline value register. It serves as a reference for calculating stamp duty and registration fees during property transactions.