Guideline Value for PAPPU MASTHAN DHARGA 5TH STREET/LANE

Pappu Masthan Dharga 5th Street/Lane guideline value

The current guideline value for Pappu Masthan Dharga 5th 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 5th Street/Lane has changed

In the 2012 revision, the guideline value was set at Rs 3,000 per sq.ft. This figure decreased to Rs 2,010 per sq.ft in the 2017 revision, marking a reduction of 33%. However, from 2017 to the 2024 revision, the guideline value increased significantly to Rs 3,300 per sq.ft, reflecting a rise of 64%. Overall, from 2012 to 2024, there has been a modest increase of 10%.

The register has no figures for the years 2023, 2007, 2003, and 2002 for this street.

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, with a median value of Rs 8,800 per sq.ft. The guideline value for Pappu Masthan Dharga 5th Street/Lane is below this median.

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

Stamp duty and registration fee for property in Pappu Masthan Dharga 5th Street/Lane

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the 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 to Rs 2,97,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Pappu Masthan Dharga 5th Street/Lane?

The Pappu Masthan Dharga 5th Street/Lane falls under the jurisdiction of 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 in property transactions in Mylapore. It is used to determine the stamp duty and registration fees that must be paid during the registration process. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value is essential for both buyers and sellers, as it ensures compliance with local regulations and helps in accurately assessing the costs associated with property transactions.

Frequently asked questions

What is the current guideline value of Pappu Masthan Dharga 5th Street/Lane?

The current guideline value of Pappu Masthan Dharga 5th 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 seen several changes: from Rs 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, then increasing to Rs 3,300 per sq.ft in 2024.

What is the land classification for Pappu Masthan Dharga 5th Street/Lane?

Pappu Masthan Dharga 5th Street/Lane is classified as Residential Class V Type - III.

Where can I find the Mylapore Sub Registrar Office?

The Mylapore Sub Registrar Office is 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 guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 at a rate of 7%.