Guideline Value

Corporate

Guideline Value for Seethammal Colony 2nd Main Road

₹13200/sq.ft.

The guideline value for Seethammal Colony 2nd Main Road 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 2nd Main Road

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Seethammal Colony 2nd Main Road guideline value

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

How the guideline value of Seethammal Colony 2nd Main Road has changed

According to the register, the guideline value has undergone several revisions. The most recent revision in 2024 sets the value at Rs 13,200 per sq.ft, which reflects a 10% increase from the 2023 revision of Rs 12,000 per sq.ft. The register does not provide figures for the revisions in 2017, 2012, 2007, 2003, and 2002 for this street.

The 2023 revision marked a significant change, increasing from Rs 12,000 per sq.ft to Rs 13,200 per sq.ft in 2024. This upward adjustment indicates a notable shift in the guideline value for Seethammal Colony 2nd Main Road.

Guideline values in Mylapore Part 1

In Mylapore Part 1, there are 333 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 value for these streets is Rs 8,800 per sq.ft, placing the 2024 guideline value of Seethammal Colony 2nd Main Road above this median.

Stamp duty and registration fee for property in Seethammal Colony 2nd Main 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, leading to a total of 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 the stamp duty and registration fee calculator for accurate calculations based on your property details.

Which Sub Registrar Office covers Seethammal Colony 2nd Main Road?

The Sub Registrar Office covering Seethammal Colony 2nd Main 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 1

The guideline value is a critical factor in property transactions in Mylapore Part 1, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value to ensure compliance with registration norms.

During the registration process, the guideline value is used to calculate the applicable stamp duty and registration fees, which are essential costs in any property transaction. This ensures that both parties are aware of the financial obligations involved in the sale or purchase of property in the area.

Frequently asked questions

What is the current guideline value of Seethammal Colony 2nd Main Road?

The current guideline value of Seethammal Colony 2nd Main Road is Rs 13,200 per sq.ft, effective from 1 July 2024.

How 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, marking a 10% increase.

What is the land classification for Seethammal Colony 2nd Main Road?

Seethammal Colony 2nd Main Road is classified as Commercial Special Type - III.

Where can I find the registration office for this area?

The registration office for Seethammal Colony 2nd Main Road is the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For instance, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 9,24,000.