Guideline Value

Corporate

Guideline Value for Seethammal Colony 1st MainRoad

₹13200/sq.ft.

The guideline value for Seethammal Colony 1st Mainroad in Mylapore Part 1 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 1

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 Seethammal Colony 1st Mainroad

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Seethammal Colony 1st MainRoad guideline value

The current guideline value of Seethammal Colony 1st MainRoad 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 MainRoad has changed

The guideline value for Seethammal Colony 1st MainRoad has undergone several revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 12,000 per sq.ft, and it increased by 10% to Rs 13,200 per sq.ft in the 2024 revision.

This increase reflects the adjustments made in the guideline values for various properties in the region. The 2024 figure of Rs 13,200 per sq.ft is notable as it is higher than the median value of Rs 8,800 per sq.ft for the 333 streets in Mylapore Part 1 under the Chennai Central Joint I SRO.

Guideline values in Mylapore Part 1

In Mylapore Part 1, the guideline values for properties range from Rs 4,400 to Rs 25,300 per sq.ft, with a median of Rs 8,800 per sq.ft. Seethammal Colony 1st MainRoad's 2024 figure of Rs 13,200 per sq.ft is above this median.

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

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 fees to Rs 11,88,000. 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 details.

Which Sub Registrar Office covers Seethammal Colony 1st MainRoad?

The Sub Registrar Office that covers Seethammal Colony 1st MainRoad 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 1

The guideline value is a crucial factor in property transactions in Mylapore Part 1, as it determines the minimum value at which a property can be registered. When a property is sold, the buyer must pay stamp duty and registration fees based on the higher of the guideline value or the sale price.

Understanding the guideline value helps both buyers and sellers in making informed decisions during property transactions. It ensures that the registration process aligns with the prevailing market standards set by the Registration Department.

Frequently asked questions

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

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

How much has the guideline value changed recently?

The guideline value increased from Rs 12,000 per sq.ft in 2023 to Rs 13,200 per sq.ft in 2024, reflecting a 10% increase.

What is the land classification for Seethammal Colony 1st MainRoad?

The land classification for Seethammal Colony 1st MainRoad is Commercial Special Type - III.

Which Sub Registrar Office is responsible for Seethammal Colony 1st MainRoad?

The Chennai Central Joint I Sub Registrar Office is responsible for Seethammal Colony 1st MainRoad, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

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

The median guideline value for the 333 streets in Mylapore Part 1 is Rs 8,800 per sq.ft, with Seethammal Colony 1st MainRoad's value being above this median at Rs 13,200 per sq.ft.