Guideline Value for Seethamma Road Extention

Seethamma Road Extention guideline value

The current guideline value of Seethamma Road Extention is Rs 13,200 per sq.ft, effective from 1 July 2024. This street is located in Mylapore Part 2 village and falls under the Chennai Central Joint I SRO. The land classification for this area is Commercial Special Type - III.

How the guideline value of Seethamma Road Extention has changed

The guideline value for Seethamma Road Extention has undergone several revisions over the years. The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2017. In 2023, the guideline value was Rs 12,000 per sq.ft, and in the 2024 revision, it increased to Rs 13,200 per sq.ft, reflecting a change of +10%.

Prior to the 2023 revision, there are no figures available for the mentioned years. The current figure of Rs 13,200 per sq.ft for 2024 is a significant increase compared to the previous year's value.

Guideline values in Mylapore Part 2

In Mylapore Part 2, there are 332 streets under the Chennai Central Joint I SRO that carry a 2024 guideline value, ranging from Rs 4,400 to Rs 25,300 per sq.ft. The median guideline value in this area is Rs 8,800 per sq.ft, making the 2024 figure for Seethamma Road Extention above that median.

• Seethamma Road: Rs 13,200 per sq.ft (2024)
• Seethammal Lane: Rs 13,200 per sq.ft (2024)
• Seethammal Extention 2nd Main Road: Rs 13,200 per sq.ft (2024)
• Seethammal Colony MainRoad: Rs 13,200 per sq.ft (2024)
• Seethammal Colony Extention 3rd Main Road: Rs 13,200 per sq.ft (2024)
• Seethammal Colony Extention 3rd Cross Street: Rs 13,200 per sq.ft (2024)

Stamp duty and registration fee for property in Seethamma Road Extention

For a 1,000 sq.ft plot at the current rate of Rs 13,200 per sq.ft, the 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, totaling Rs 11,88,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher.

You can use the stamp duty and registration fee calculator for more information on fees.

Which Sub Registrar Office covers Seethamma Road Extention?

The Sub Registrar Office that covers Seethamma Road Extention 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 details.

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, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees, ensuring that all transactions comply with government regulations.

Frequently asked questions

What is the current guideline value of Seethamma Road Extention?

The current guideline value of Seethamma Road Extention 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, which is a change of +10%.

What is the land classification for Seethamma Road Extention?

The land classification for Seethamma Road Extention is Commercial Special Type - III.

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

The Sub Registrar Office for Seethamma Road Extention is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

How is stamp duty calculated for properties in Mylapore Part 2?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 1,32,00,000, the stamp duty would be Rs 9,24,000 at a rate of 7%.