Guideline Value for PATTUNOOL KARAN THOTTAM MAIN ROAD

Pattunool Karan Thottam Main Road guideline value

The current guideline value for Pattunool Karan Thottam Main Road is Rs 9,300 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village under the Mylapore SRO, classified as Residential Class III Type - II.

How the guideline value of Pattunool Karan Thottam Main Road has changed

The guideline value for Pattunool Karan Thottam Main Road has undergone several revisions over the years. The 2012 revision set the value at Rs 8,500 per sq.ft, which remained unchanged in the 2023 revision. However, in the 2024 revision, the guideline value increased to Rs 9,300 per sq.ft, reflecting a 9% increase from the previous year.

It is important to note that there are no recorded guideline values for this street in the revisions from 2002, 2003, 2007, and 2017. Overall, from 2012 to 2024, the guideline value has increased by 9%.

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, placing the Pattunool Karan Thottam Main Road's 2024 value above this median.

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

Stamp duty and registration fee for property in Pattunool Karan Thottam Main Road

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 the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Pattunool Karan Thottam Main Road?

The Pattunool Karan Thottam Main Road falls under the jurisdiction of 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 essential reference point during property transactions in Mylapore. It is used to determine the stamp duty and registration fees applicable when buying or selling property. This value helps ensure that the transaction is recorded at a fair and standardized price.

When registering a property, buyers and sellers must consider the guideline value as it influences the overall costs involved in the transaction. It is crucial to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Pattunool Karan Thottam Main Road?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 8,500 per sq.ft in 2012 to Rs 9,300 per sq.ft in 2024, marking a 9% increase. There were no changes recorded for this street in the revisions from 2002, 2003, 2007, and 2017.

What is the stamp duty for property in Pattunool Karan Thottam Main Road?

The stamp duty for property in Pattunool Karan Thottam Main Road is 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 93,00,000, the stamp duty would be Rs 6,51,000.

Where is the Mylapore Sub Registrar Office located?

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

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees when buying or selling property. It serves as a reference point to ensure that transactions are recorded at a standardized price, influencing the overall costs involved.