Guideline Value for PAPPU MASTHAN DHARGA 3RD STREET/LANE

Pappu Masthan Dharga 3rd Street/Lane guideline value

The current guideline value of Pappu Masthan Dharga 3rd Street/Lane is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village, under the Mylapore SRO, and is classified as Residential Class V Type - III.

How the guideline value of Pappu Masthan Dharga 3rd Street/Lane has changed

The guideline value for Pappu Masthan Dharga 3rd Street/Lane has seen several revisions over the years. The 2012 revision set the value at Rs 3,000 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 2,010 per sq.ft. In the subsequent revisions, the value increased to Rs 3,000 per sq.ft in 2023, marking a 49% rise from the 2017 figure. The most recent revision in 2024 has raised the guideline value to Rs 3,300 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the years 2002, 2003, and 2007 for this street in the register.

Guideline values in Mylapore

In Mylapore, there are 883 streets under the Mylapore SRO, with guideline values ranging from Rs 3,300 to Rs 25,800 per sq.ft as per the 2024 revision. The median guideline value in this area is Rs 8,800 per sq.ft, placing Pappu Masthan Dharga 3rd Street/Lane's 2024 figure below this median.

• Pappu Masthan Dharga 2nd Street/Lane: Rs 3,300 per sq.ft (2024)
• Pappu Masthan Dharga 4th Street/Lane: Rs 3,300 per sq.ft (2024)
• Pappu Masthan Dharga 1st Street/Lane: Rs 3,300 per sq.ft (2024)
• Pappu Masthan Dharga 5th Street/Lane: Rs 3,300 per sq.ft (2024)
• Pappu Masthan Dharga 6th Street/Lane: Rs 3,300 per sq.ft (2024)
• Pappu Masthan Dharga Main Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Pappu Masthan Dharga 3rd Street/Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pappu Masthan Dharga 3rd Street/Lane?

The Sub Registrar Office that covers Pappu Masthan Dharga 3rd Street/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 information.

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

The guideline value plays a crucial role during the registration of property transactions in Mylapore. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the higher of the guideline value or the sale price is taken into account for calculating the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Pappu Masthan Dharga 3rd Street/Lane?

The current guideline value of Pappu Masthan Dharga 3rd Street/Lane is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024, reflecting a 10% increase. It was Rs 2,010 per sq.ft in 2017 and Rs 3,000 per sq.ft in 2012, showing a significant rise and fall in values over the years.

What are the other streets with the same guideline value in Mylapore?

Other streets in Mylapore with the same guideline value of Rs 3,300 per sq.ft in 2024 include Pappu Masthan Dharga 1st, 2nd, 4th, 5th, and 6th Streets/Lanes, as well as the Main Street.

Where can I find the Sub Registrar Office for Pappu Masthan Dharga 3rd Street/Lane?

The Mylapore Sub Registrar Office covers Pappu Masthan Dharga 3rd Street/Lane and is located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018.

How is the stamp duty calculated for properties in Mylapore?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 33,00,000 would incur a stamp duty of Rs 2,31,000 at a rate of 7%.