Guideline Value

Corporate

Guideline Value for Seethamma Cross Road

₹13200/sq.ft.

The guideline value for Seethamma Cross Road in Mylapore Part 2 village (Chennai Central Joint I SRO, Chennai zone) is Rs 13200 per sq.ft, effective 1 July 2024. It was Rs 12000 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Special Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mylapore Part 2

Village

Chennai Central Joint I

SRO

Commercial Special Type - III
History
Period Guideline Value
From 1-7-2024 ₹13200 /sq.ft.
From 1-4-2023 ₹12000 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.182 Bharati Salai(pycrafts Road) Royapettah, Chennai-600014
044-28613608
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Seethamma Cross Road

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Seethamma Cross Road guideline value

The current guideline value of Seethamma Cross Road is Rs 13,200 per sq.ft, effective from 1 July 2024. This street is located in Mylapore Part 2 village under the Chennai Central Joint I SRO, and it is classified as Commercial Special Type - III.

How the guideline value of Seethamma Cross Road has changed

There are no figures available for the revisions from the years 2002, 2003, 2007, 2012, and 2017 for Seethamma Cross Road. The most recent revisions show a guideline value of Rs 12,000 per sq.ft in 2023, which increased to Rs 13,200 per sq.ft in 2024, marking a change of +10%.

The 2024 revision establishes a new guideline value of Rs 13,200 per sq.ft, reflecting the latest assessment. This increase from Rs 12,000 per sq.ft in 2023 indicates a significant adjustment in the valuation of properties on this street.

Guideline values in Mylapore Part 2

In Mylapore Part 2, there are 332 streets under the Chennai Central Joint I SRO, with guideline values ranging from Rs 4,400 to Rs 25,300 per sq.ft. The median guideline value is Rs 8,800 per sq.ft, positioning Seethamma Cross Road's 2024 figure above this median.

Stamp duty and registration fee for property in Seethamma Cross Road

For a 1,000 sq.ft plot at the current guideline value of Rs 13,200 per sq.ft, the total guideline value amounts to Rs 1,32,00,000. The stamp duty at 7% would be Rs 9,24,000, and the registration fee at 2% would be Rs 2,64,000, bringing the total charges to Rs 11,88,000. 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 further assistance.

Which Sub Registrar Office covers Seethamma Cross Road?

The Sub Registrar Office that covers Seethamma Cross Road is the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Mylapore Part 2

The guideline value is a crucial factor when buying or selling property in Mylapore Part 2. It serves as the basis for calculating stamp duty and registration fees, which are mandatory during the registration process.

When a property is sold, the guideline value helps determine the official valuation for tax purposes. Buyers and sellers must consider this value to ensure compliance with local regulations and to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Seethamma Cross Road?

The current guideline value of Seethamma Cross Road is Rs 13,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

From the 2023 revision to the 2024 revision, the guideline value increased from Rs 12,000 per sq.ft to Rs 13,200 per sq.ft, marking a change of +10%.

What is the land classification for Seethamma Cross Road?

Seethamma Cross Road is classified as Commercial Special Type - III, indicating its intended use for commercial purposes.

Where can I find the Sub Registrar Office for Seethamma Cross Road?

The Sub Registrar Office for Seethamma Cross Road is the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

How is the guideline value used in property transactions?

The guideline value is used to calculate stamp duty and registration fees during property transactions. It is essential for buyers and sellers to understand this value as it affects the total costs associated with buying or selling property.