Guideline Value for PAPPU MASTHAN DHARGA 4TH STREET/LANE

Pappu Masthan Dharga 4th Street/Lane guideline value

The current guideline value of Pappu Masthan Dharga 4th Street/Lane is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village and falls under the Mylapore SRO. The land classification for this area is Residential Class V Type - III.

How the guideline value of Pappu Masthan Dharga 4th Street/Lane has changed

The guideline value for Pappu Masthan Dharga 4th Street/Lane has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 3,300 per sq.ft, an increase of 10% from the 2012 revision, which was Rs 3,000 per sq.ft. Notably, the register has no figures for this street for the years 2003, 2007, 2017, and 2023.

In summary, the only recorded revisions for this street are from 2012 to 2024. The 2024 figure reflects a significant adjustment compared to the previous revision, indicating a change in the valuation approach for this area.

Guideline values in Mylapore

Mylapore has a total of 883 streets under the Mylapore SRO, with guideline values ranging from Rs 3,300 to Rs 25,800 per sq.ft. The median guideline value for these streets is Rs 8,800 per sq.ft, placing Pappu Masthan Dharga 4th Street/Lane below the median value.

• Pappu Masthan Dharga 1st Street/Lane: Rs 3,300 per sq.ft (2024)
• Pappu Masthan Dharga 2nd Street/Lane: Rs 3,300 per sq.ft (2024)
• Pappu Masthan Dharga 3rd 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 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 4th 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 amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total fees to Rs 2,97,000. 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 Pappu Masthan Dharga 4th Street/Lane?

The Sub Registrar Office that covers Pappu Masthan Dharga 4th 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 details.

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

The guideline value plays a crucial role in the registration process of property transactions in Mylapore. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that all property transactions are conducted transparently and that the government receives its due revenue.

Frequently asked questions

What is the current guideline value of Pappu Masthan Dharga 4th Street/Lane?

The current guideline value of Pappu Masthan Dharga 4th 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 2012 to Rs 3,300 per sq.ft in 2024, representing a 10% increase. There are no recorded figures for the years 2003, 2007, 2017, and 2023 for this street.

What is the registration office for Pappu Masthan Dharga 4th Street/Lane?

The registration office for Pappu Masthan Dharga 4th Street/Lane is the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018.

How is 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 instance, if the guideline value is Rs 33,00,000, the stamp duty at 7% would be Rs 2,31,000.

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

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