Guideline Value

Corporate

Guideline Value for APPADURAI THOTTAM 2ND LANE

₹7700/sq.ft.

The guideline value for Appadurai Thottam 2nd Lane in Mylapore village (Mylapore SRO, Chennai zone) is Rs 7700 per sq.ft, effective 1 July 2024. It was Rs 7000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mylapore

Village

Mylapore

SRO

Residential Class IV Type - II
History
Period Guideline Value
From 1-7-2024 ₹7700 /sq.ft.
From 1-4-2023 ₹7000 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹7000 /sq.ft.
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:5/9, Kavingar Bharathidasan Salai, Seethamalcolony ,cresent Street Alwarpet,chennai -600018
044-24640344
[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 Appadurai Thottam 2nd Lane

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Appadurai Thottam 2nd Lane guideline value

The current guideline value of Appadurai Thottam 2nd Lane is Rs 7,700 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village, which falls under the Mylapore SRO. The land classification for this area is Residential Class IV Type - II.

How the guideline value of Appadurai Thottam 2nd Lane has changed

The guideline value for Appadurai Thottam 2nd Lane has seen several revisions over the years. In 2012, the guideline value was Rs 7,000 per sq.ft, which remained unchanged until the 2023 revision, where it was again Rs 7,000 per sq.ft. In 2024, the value increased to Rs 7,700 per sq.ft, reflecting a 10% increase from the previous year.

Notably, there are no figures available for the revisions in 2002, 2003, 2007, and 2017 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Mylapore

In Mylapore, there are 883 streets under the Mylapore SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 25,800 per sq.ft. The median guideline value for the area is Rs 8,800 per sq.ft, indicating that Appadurai Thottam 2nd Lane's 2024 figure is below this median.

Stamp duty and registration fee for property in Appadurai Thottam 2nd Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 7,700 per sq.ft, the total guideline value amounts to Rs 77,00,000. The stamp duty at 7% would be Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000, bringing the total cost for these fees to Rs 6,93,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Appadurai Thottam 2nd Lane?

The Sub Registrar Office that covers Appadurai Thottam 2nd Lane is the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Mylapore. It serves as a reference point for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the buyer is required to pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Appadurai Thottam 2nd Lane?

The current guideline value of Appadurai Thottam 2nd Lane is Rs 7,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 7,000 per sq.ft from 2012 until 2023, with a subsequent increase to Rs 7,700 per sq.ft in 2024. Overall, there has been a 10% increase in the value from 2012 to 2024.

What is the median guideline value in Mylapore?

The median guideline value in Mylapore is Rs 8,800 per sq.ft for the year 2024, which is higher than the guideline value of Appadurai Thottam 2nd Lane.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions in Appadurai Thottam 2nd Lane is charged at 7% of the guideline value or sale price, whichever is higher. The registration fee is an additional 2% of the guideline value.

Where can I find the Sub Registrar Office for Appadurai Thottam 2nd Lane?

The Sub Registrar Office covering Appadurai Thottam 2nd Lane is located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018.