Guideline Value for PATTUNOOL KARAN THOTTAM 5TH STREET

Pattunool Karan Thottam 5th Street guideline value

The current guideline value of Pattunool Karan Thottam 5th 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 5th Street has changed

In the 2012 revision, the guideline value was Rs 8,500 per sq.ft. The current revision in 2024 shows an increase to Rs 9,300 per sq.ft, marking a change of +9% from the previous figure. The register has no figure for the years 2023, 2017, 2007, 2003, and 2002 for this street.

Thus, the only revisions available for Pattunool Karan Thottam 5th Street are from 2012 and 2024. The significant increase from 2012 to 2024 reflects the latest valuation in the guideline value register.

Guideline values in Mylapore

There are 883 streets in Mylapore 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, placing Pattunool Karan Thottam 5th Street above this median.

• Pattunool Karan Thottam 4th Street: Rs 9,300 per sq.ft (2024)
• Pattunool Karan Thottam 6th Street: Rs 9,300 per sq.ft (2024)
• Pattunool Karan Thottam 3rd Street: Rs 9,300 per sq.ft (2024)
• Pattunool Karan Thottam Main Road: Rs 9,300 per sq.ft (2024)
• Pattunool Karan Thottam 2nd Street: Rs 9,300 per sq.ft (2024)
• Pattunool Karan Thottam 1st Street: Rs 9,300 per sq.ft (2024)

Stamp duty and registration fee for property in Pattunool Karan Thottam 5th Street

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

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Pattunool Karan Thottam 5th Street?

The Pattunool Karan Thottam 5th Street falls under 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 metric used during the registration process of property transactions in Mylapore. It serves as a benchmark for determining the minimum value on which stamp duty and registration fees are calculated.

When buying or selling property, the guideline value ensures that the transaction is recorded at a value that reflects the current market standards, helping to prevent undervaluation and ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Pattunool Karan Thottam 5th Street?

The current guideline value of Pattunool Karan Thottam 5th 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 available for the years 2023, 2017, 2007, 2003, and 2002.

What is the median guideline value for streets in Mylapore?

The median guideline value for the 883 streets in Mylapore under the Mylapore SRO is Rs 8,800 per sq.ft. Pattunool Karan Thottam 5th Street's current value is above this median.

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

Stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2%. For a 1,000 sq.ft plot at the current rate, the total fees would amount to Rs 8,37,000.

Where can I find the Sub Registrar Office for Pattunool Karan Thottam 5th Street?

The Sub Registrar Office covering Pattunool Karan Thottam 5th Street is located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.