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Guideline Value

Corporate

Guideline Value for Turnbulls Road 5th Cross Street

₹10900/sq.ft.

The guideline value for Turnbulls Road 5th Cross Street in Mylapore Part 1 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 1

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 Turnbulls Road 5th Cross Street

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Turnbulls Road 5th Cross Street guideline value

The current guideline value of Turnbulls Road 5th Cross 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 Turnbulls Road 5th Cross Street has changed

The guideline value register for Turnbulls Road 5th Cross Street does not have figures for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 10,000 per sq.ft, which increased to Rs 10,900 per sq.ft in the 2024 revision, marking a change of +9%.

In the 2024 revision, the current guideline value reflects an increase from the previous year. The 2024 figure of Rs 10,900 per sq.ft is now above the median value of Rs 8,800 per sq.ft for the 333 streets in Mylapore Part 1 under the Chennai Central Joint I SRO.

Guideline values in Mylapore Part 1

In Mylapore Part 1, the guideline values range from Rs 4,400 to Rs 25,300 per sq.ft, with a median value of Rs 8,800 per sq.ft. Turnbulls Road 5th Cross Street's 2024 figure is above this median, indicating a higher valuation within the area.

Stamp duty and registration fee for property in Turnbulls Road 5th 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 fees together 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.

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

Which Sub Registrar Office covers Turnbulls Road 5th Cross Street?

The Sub Registrar Office that covers Turnbulls Road 5th 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 1

The guideline value is a crucial factor during the registration of property transactions in Mylapore Part 1. It serves as the benchmark for determining the applicable stamp duty and registration fees, ensuring that buyers and sellers comply with the legal requirements set by the government.

When a property is sold, the guideline value helps in assessing the official value of the property, which is used to calculate the taxes owed during the registration process. This ensures transparency and adherence to the regulations governing property transactions.

Frequently asked questions

What is the current guideline value of Turnbulls Road 5th Cross Street?

The current guideline value of Turnbulls Road 5th Cross Street is Rs 10,900 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed from 2023 to 2024?

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

What is the land classification for Turnbulls Road 5th Cross Street?

Turnbulls Road 5th Cross Street is classified as Residential Class I Type - I.

Where can I find the registration office for this area?

The registration office for Turnbulls Road 5th Cross Street is the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

How is the stamp duty calculated for properties in Turnbulls Road 5th Cross Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value results in a stamp duty of Rs 7,63,000.