Guideline Value for Seethammal Colony 1st Cross Street

Seethammal Colony 1st Cross Street guideline value

The current guideline value of Seethammal Colony 1st Cross Street is Rs 13,200 per sq.ft, effective from 1 July 2024. This street is located in Mylapore Part 1 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 Seethammal Colony 1st Cross Street has changed

In the 2023 revision, the guideline value was Rs 12,000 per sq.ft. The recent 2024 revision shows an increase of 10%, bringing the value to Rs 13,200 per sq.ft. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Thus, the only revisions available for Seethammal Colony 1st Cross Street are from 2023 and 2024, indicating a clear upward adjustment in the guideline value over this period.

Guideline values in Mylapore Part 1

In Mylapore Part 1, there are 333 streets under the Chennai Central Joint I SRO with a 2024 guideline value range from Rs 4,400 to Rs 25,300 per sq.ft. The median guideline value for these streets is Rs 8,800 per sq.ft, placing Seethammal Colony 1st Cross Street above this median.

• Seethamma Cross Road: Rs 13,200 per sq.ft (2024)
• Seethammal Colony 1st Main Road: Rs 13,200 per sq.ft (2024)
• Seethammal Colony 2nd, 3rd Cross Street: Rs 13,200 per sq.ft (2024)
• Seethammal Colony 2nd Main Road: Rs 13,200 per sq.ft (2024)
• Seethammal Colony 3rd Main Road: Rs 13,200 per sq.ft (2024)
• Seethammal Colony 4th Cross Street: Rs 13,200 per sq.ft (2024)

Stamp duty and registration fee for property in Seethammal Colony 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 13,200 per sq.ft, the total guideline value would be Rs 1,32,00,000. The stamp duty at 7% would amount to Rs 9,24,000, and the registration fee at 2% would be Rs 2,64,000, totaling Rs 11,88,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Seethammal Colony 1st Cross Street?

The Sub Registrar Office that covers Seethammal Colony 1st Cross Street is the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Mylapore Part 1

The guideline value is a crucial factor in the registration process when buying or selling property in Mylapore Part 1. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the guideline value helps in calculating the applicable stamp duty and registration fees, which are essential costs associated with property transactions. Buyers and sellers should be aware of these values to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Seethammal Colony 1st Cross Street?

The current guideline value of Seethammal Colony 1st Cross Street is Rs 13,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Seethammal Colony 1st Cross Street was Rs 12,000 per sq.ft in 2023, which increased by 10% to Rs 13,200 per sq.ft in 2024. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What is the land classification for Seethammal Colony 1st Cross Street?

The land classification for Seethammal Colony 1st Cross Street is Commercial Special Type - III, indicating its use and zoning regulations.

What is the median guideline value for streets in Mylapore Part 1?

The median guideline value for streets in Mylapore Part 1 is Rs 8,800 per sq.ft. Seethammal Colony 1st Cross Street's guideline value is above this median.

Where can I find the Sub Registrar Office for Seethammal Colony 1st Cross Street?

The Sub Registrar Office for Seethammal Colony 1st Cross Street is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can also find your SRO through the provided link.