Guideline Value for PATTUNOOL KARAN THOTTAM 4TH STREET

Pattunool Karan Thottam 4th Street guideline value

The current guideline value of Pattunool Karan Thottam 4th Street is Rs 9,300 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village and falls under the Mylapore SRO. The land classification for this area is Residential Class III Type - II.

How the guideline value of Pattunool Karan Thottam 4th Street has changed

The guideline value for Pattunool Karan Thottam 4th Street has seen changes over the years. In the 2012 revision, the guideline value was Rs 8,500 per sq.ft. The most recent revision in 2024 increased this to Rs 9,300 per sq.ft, marking a change of +9% from the 2012 figure. There are no figures available for the years 2002, 2003, 2007, 2017, and 2023 in the register for this street.

Comparing the 2012 and 2024 revisions shows a significant increase in the guideline value. The 2024 rate of Rs 9,300 per sq.ft is reflective of the current market conditions and is above the median guideline value for Mylapore, which stands at Rs 8,800 per sq.ft.

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 guideline value of Pattunool Karan Thottam 4th Street at Rs 9,300 per sq.ft is above the median value of Rs 8,800 per sq.ft. Below are the guideline values for other streets in Mylapore:

• Pattunool Karan Thottam 3rd Street: Rs 9,300 per sq.ft (2024)
• Pattunool Karan Thottam 5th Street: Rs 9,300 per sq.ft (2024)
• Pattunool Karan Thottam 2nd Street: Rs 9,300 per sq.ft (2024)
• Pattunool Karan Thottam 6th Street: Rs 9,300 per sq.ft (2024)
• Pattunool Karan Thottam 1st 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 4th 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. It is important to 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 4th Street?

The Pattunool Karan Thottam 4th 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 plays a crucial role during property transactions in Mylapore. It is used to determine the stamp duty and registration fees applicable when buying or selling property. Buyers must ensure that they are aware of the current guideline value to avoid any discrepancies during registration.

When a property is registered, the guideline value is considered to ensure that the transaction is compliant with local regulations. This value serves as a benchmark for calculating the applicable fees and taxes, ensuring transparency in property dealings.

Frequently asked questions

What is the current guideline value of Pattunool Karan Thottam 4th Street?

The current guideline value of Pattunool Karan Thottam 4th 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%. There are no figures for the years 2003, 2007, 2017, and 2023 for this street in the register.

What is the land classification for Pattunool Karan Thottam 4th Street?

The land classification for Pattunool Karan Thottam 4th Street is Residential Class III Type - II. This classification is important for understanding the permissible uses of the land.

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

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

Which office handles registrations for Pattunool Karan Thottam 4th Street?

The Mylapore Sub Registrar Office handles registrations for Pattunool Karan Thottam 4th Street. The address is No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.