Guideline Value for PAPPU MASTHAN DHARGA MAIN STREET

Pappu Masthan Dharga Main Street guideline value

The current guideline value of Pappu Masthan Dharga Main Street 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 Main Street has changed

The guideline value for Pappu Masthan Dharga Main Street has undergone several revisions over the years. In 2002, the value was Rs 699 per sq.ft, which increased to Rs 777 per sq.ft in 2003, marking an 11% rise. The value then saw a significant increase to Rs 3,000 per sq.ft in 2012, a 286% increase from the previous revision. However, in 2017, the value dropped to Rs 2,010 per sq.ft, reflecting a decrease of 33%. The most recent revision in 2024 set the guideline value at Rs 3,300 per sq.ft, which is a 64% increase from 2017.

It's important to note that there are no figures available for the years 2007 and 2023 regarding this street in the register. Overall, from 2002 to 2024, the guideline value has increased by 372%.

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 of Pappu Masthan Dharga Main Street is below this median.

• 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)

Stamp duty and registration fee for property in Pappu Masthan Dharga Main Street

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 charges to Rs 2,97,000. It is important to note that 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 Main Street?

The Pappu Masthan Dharga Main Street 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 is a crucial factor in the registration process when buying or selling property in Mylapore. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the authorities.

When a property is sold, the guideline value helps determine the minimum amount on which stamp duty is calculated. This ensures transparency in property transactions and helps maintain consistent revenue for the state through registration fees.

Frequently asked questions

What is the current guideline value of Pappu Masthan Dharga Main Street?

The current guideline value of Pappu Masthan Dharga Main Street 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 significantly from Rs 699 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 372% over the years.

What is the registration office for Pappu Masthan Dharga Main Street?

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

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Are there any years without guideline values for this street?

Yes, the guideline register has no figures for the years 2007 and 2023 for Pappu Masthan Dharga Main Street.