Guideline Value for PATTUNOOL KARAN THOTTAM 2ND STREET

Pattunool Karan Thottam 2nd Street guideline value

The current guideline value of Pattunool Karan Thottam 2nd Street is Rs 9,300 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 III Type - II.

How the guideline value of Pattunool Karan Thottam 2nd Street has changed

The guideline value for Pattunool Karan Thottam 2nd Street has seen revisions over the years. The most recent revision in 2024 set the value at Rs 9,300 per sq.ft, an increase from Rs 8,500 per sq.ft in the 2012 revision, marking a change of +9%. The register has no figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

In summary, the guideline value increased from Rs 8,500 per sq.ft in 2012 to Rs 9,300 per sq.ft in 2024. This change reflects the adjustments made by the Registration Department's guideline value 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. The median guideline value for these streets is Rs 8,800 per sq.ft, indicating that Pattunool Karan Thottam 2nd Street's 2024 value is above this median.

• Pattunool Karan Thottam 1st Street: Rs 9,300 per sq.ft (2024)
• Pattunool Karan Thottam 3rd Street: Rs 9,300 per sq.ft (2024)
• Pattunool Karan Thottam 4th Street: Rs 9,300 per sq.ft (2024)
• Pattunool Karan Thottam 5th Street: Rs 9,300 per sq.ft (2024)
• Pattunool Karan Thottam 6th Street: Rs 9,300 per sq.ft (2024)
• Pattunool Karan Thottam Main Road: Rs 9,300 per sq.ft (2024)

Stamp duty and registration fee for property in Pattunool Karan Thottam 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 9,300 per sq.ft, the total guideline value amounts to Rs 93,00,000. The stamp duty at 7% would be Rs 6,51,000, and the registration fee at 2% would be Rs 1,86,000, bringing the total to Rs 8,37,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Pattunool Karan Thottam 2nd Street?

The Sub Registrar Office that covers Pattunool Karan Thottam 2nd Street is the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018. To find your SRO, you can visit find your SRO.

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 applicable when buying or selling property. The higher of the guideline value and the sale price is taken into account for calculating these charges.

When registering property, it is essential to be aware of the guideline value to avoid any discrepancies during the transaction. Buyers and sellers should ensure that they are informed about the current guideline values to facilitate a smooth registration process.

Frequently asked questions

What is the current guideline value of Pattunool Karan Thottam 2nd Street?

The current guideline value of Pattunool Karan Thottam 2nd Street is Rs 9,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 8,500 per sq.ft in 2012 to Rs 9,300 per sq.ft in 2024, reflecting a change of +9%. The register has no figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

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

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 93,00,000. The stamp duty at 7% is Rs 6,51,000, and the registration fee at 2% is Rs 1,86,000, totaling Rs 8,37,000.

Which office handles registrations for Pattunool Karan Thottam 2nd Street?

The Mylapore Sub Registrar Office handles registrations for Pattunool Karan Thottam 2nd Street. The office is located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018.

What is the median guideline value for streets in Mylapore?

The median guideline value for the 883 streets in Mylapore is Rs 8,800 per sq.ft. The guideline value for Pattunool Karan Thottam 2nd Street is above this median at Rs 9,300 per sq.ft.