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 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 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. This street is located in Mylapore Part 2 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

The guideline value register for Seethammal Colony 2nd Main Road has no figures for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 12,000 per sq.ft, which was then increased by 10% to Rs 13,200 per sq.ft in the 2024 revision, effective from 1 July 2024.

Prior to the 2023 revision, the register does not provide any figures for this street. The increase from Rs 12,000 to Rs 13,200 reflects a significant rise in the guideline value within a year.

Guideline values in Mylapore Part 2

Mylapore Part 2 has a range of guideline values for its 332 streets under the Chennai Central Joint I SRO, with figures varying from Rs 4,400 to Rs 25,300 per sq.ft. The median value for these streets is Rs 8,800 per sq.ft, positioning 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, bringing the total to 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 2nd Main Road?

The Sub Registrar Office that covers 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 2

The guideline value is an essential factor in the registration process for property transactions in Mylapore Part 2. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When registering a property, the guideline value is compared to the sale price, and duty is charged on the higher of the two. This ensures that the state collects appropriate fees based on the actual value of the property being transferred.

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 over the years?

The guideline value for Seethammal Colony 2nd Main Road has seen an increase from Rs 12,000 per sq.ft in 2023 to Rs 13,200 per sq.ft in 2024, marking a 10% rise. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017 in the register.

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

Seethammal Colony 2nd Main Road is classified as Commercial Special Type - III, indicating its suitability for commercial activities.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 1,32,00,000, the total fees would amount to Rs 11,88,000.

Which office handles registrations for Seethammal Colony 2nd Main Road?

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