Guideline Value for PATTUNOOL KARAN THOTTAM 3RD STREET

Pattunool Karan Thottam 3rd Street guideline value

The current guideline value of Pattunool Karan Thottam 3rd 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 3rd Street has changed

The guideline value for Pattunool Karan Thottam 3rd Street has undergone several revisions over the years. The earliest recorded revision was in 2012, where the value was set at Rs 8,500 per sq.ft. From 2012 to the 2024 revision, there was an increase of 9%, bringing the current guideline value to Rs 9,300 per sq.ft.

There are no recorded figures for this street in the revisions for the years 2023, 2017, 2007, 2003, and 2002. Therefore, the only available figures are from 2012 and 2024.

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. The median guideline value for these streets is Rs 8,800 per sq.ft, indicating that Pattunool Karan Thottam 3rd Street's 2024 figure is above this median.

• Pattunool Karan Thottam 2nd Street: Rs 9,300 per sq.ft (2024)
• Pattunool Karan Thottam 4th Street: Rs 9,300 per sq.ft (2024)
• Pattunool Karan Thottam 1st 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 3rd Street

For a 1,000 sq.ft plot at the current rate of Rs 9,300 per sq.ft, the 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, totaling Rs 8,37,000. Please note that duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pattunool Karan Thottam 3rd Street?

The Pattunool Karan Thottam 3rd Street is covered by 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 an important factor when buying or selling property in Mylapore. It serves as a reference point for calculating stamp duty and registration fees, which are mandatory during property transactions. The guideline value ensures that the property is registered at a fair value as determined by the local authorities.

When a property is sold, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This process helps maintain transparency and accountability in property transactions within the region.

Frequently asked questions

What is the current guideline value of Pattunool Karan Thottam 3rd Street?

The current guideline value of Pattunool Karan Thottam 3rd 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, marking a 9% increase.

Are there any years without recorded figures for this street?

Yes, there are no recorded figures for Pattunool Karan Thottam 3rd Street in the revisions for the years 2023, 2017, 2007, 2003, and 2002.

What is the median guideline value for streets in Mylapore?

The median guideline value for streets in Mylapore is Rs 8,800 per sq.ft, indicating that Pattunool Karan Thottam 3rd Street's current value is above this median.

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.