Guideline Value for PAPPU MASTHAN DHARGA 6TH STREET/LANE

Pappu Masthan Dharga 6th Street/Lane guideline value

The current guideline value of Pappu Masthan Dharga 6th 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 6th Street/Lane has changed

In the 2012 revision, the guideline value was Rs 3,000 per sq.ft. This value decreased to Rs 2,010 per sq.ft in the 2017 revision, marking a decline of 33%. However, the most recent revision in 2024 saw a significant increase, bringing the guideline value back up to Rs 3,300 per sq.ft, which represents a 64% increase from the 2017 figure.

Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by 10%. It is important to note that the register has no figure for Pappu Masthan Dharga 6th Street/Lane for the years 2002, 2003, 2007, and 2023.

Guideline values in Mylapore

In Mylapore, there are a total of 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 these streets is Rs 8,800 per sq.ft, indicating that the 2024 figure for Pappu Masthan Dharga 6th Street/Lane is below this median.

• Pappu Masthan Dharga 5th Street/Lane: Rs 3,300 per sq.ft (2024)
• Pappu Masthan Dharga Main Street: Rs 3,300 per sq.ft (2024)
• Pappu Masthan Dharga 4th 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 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 6th 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, bringing the total to Rs 2,97,000. Duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Pappu Masthan Dharga 6th Street/Lane?

The Sub Registrar Office that covers Pappu Masthan Dharga 6th 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 is an essential factor in property transactions in Mylapore, as it determines the amount of stamp duty and registration fees that must be paid during the registration process. When a property is bought or sold, the guideline value serves as a standard reference for calculating these charges.

It is crucial for buyers and sellers to be aware of the current guideline value, as it can significantly impact the overall cost of the transaction. Accurate knowledge of these values helps in understanding the financial implications when registering a property.

Frequently asked questions

What is the current guideline value of Pappu Masthan Dharga 6th Street/Lane?

The current guideline value of Pappu Masthan Dharga 6th 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, with a decrease from Rs 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017. However, it increased to Rs 3,300 per sq.ft in 2024.

What is the land classification for Pappu Masthan Dharga 6th Street/Lane?

Pappu Masthan Dharga 6th Street/Lane is classified as Residential Class V Type - III.

Which Sub Registrar Office should I visit for property transactions?

The Mylapore Sub Registrar Office covers Pappu Masthan Dharga 6th Street/Lane, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018.

How is the stamp duty calculated for properties in this area?

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