Guideline Value for PATTUNOOL KARAN THOTTAM 6TH STREET

Pattunool Karan Thottam 6th Street guideline value

The current guideline value of Pattunool Karan Thottam 6th 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 6th Street has changed

The guideline value for Pattunool Karan Thottam 6th Street underwent a revision in 2012, where it was set at Rs 8,500 per sq.ft. The next revision in 2024 saw an increase to Rs 9,300 per sq.ft, representing a change of +9% from the previous figure.

There are no figures available for the revisions in the years 2002, 2003, 2007, 2017, and 2023 for this street.

Guideline values in Mylapore

In Mylapore, there are 883 streets under the Mylapore SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 25,800 per sq.ft. The median guideline value is Rs 8,800 per sq.ft, making the 2024 figure for Pattunool Karan Thottam 6th Street above this median.

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

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pattunool Karan Thottam 6th Street?

The Pattunool Karan Thottam 6th 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 details.

How the guideline value is used when you buy or sell in Mylapore

The guideline value is an important factor in the registration process when buying or selling property in Mylapore. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the fees are reflective of the property's value as determined by the local authorities.

Frequently asked questions

What is the current guideline value of Pattunool Karan Thottam 6th Street?

The current guideline value of Pattunool Karan Thottam 6th 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 changed from Rs 8,500 per sq.ft in 2012 to Rs 9,300 per sq.ft in 2024, marking a +9% increase. There are no figures available for the years 2002, 2003, 2007, 2017, and 2023 for this street.

What is the land classification for Pattunool Karan Thottam 6th Street?

Pattunool Karan Thottam 6th Street is classified as Residential Class III Type - II. This classification affects the guideline value and potential uses of the property.

What are the stamp duty rates applicable in Mylapore?

The stamp duty rate in Mylapore is 7% of the guideline value or sale price, whichever is higher. Additionally, there is a registration fee of 2% applicable to property transactions.

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. This office handles all property registrations in the area.