Guideline Value

Corporate

Guideline Value for Seethammal Colony 3rd Main Road

₹13200/sq.ft.

The guideline value for Seethammal Colony 3rd 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 3rd Main Road

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Seethammal Colony 3rd Main Road guideline value

The current guideline value of Seethammal Colony 3rd Main Road is Rs 13,200 per sq.ft, effective from 1 July 2024. 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 3rd Main Road has changed

The guideline value for Seethammal Colony 3rd Main Road has undergone several revisions over the years. The register does not contain figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 12,000 per sq.ft, which increased by 10% to Rs 13,200 per sq.ft in the 2024 revision.

This increase reflects a significant change in the guideline value, moving from Rs 12,000 per sq.ft in 2023 to Rs 13,200 per sq.ft in 2024. The current value is noted to be above the median guideline value of Rs 8,800 per sq.ft for Mylapore Part 2.

Guideline values in Mylapore Part 2

In Mylapore Part 2, there are 332 streets under the Chennai Central Joint I SRO that have a guideline value for 2024, ranging from Rs 4,400 to Rs 25,300 per sq.ft. Seethammal Colony 3rd Main Road's current guideline value is higher than the median of Rs 8,800 per sq.ft.

Stamp duty and registration fee for property in Seethammal Colony 3rd 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, charged at 7%, would be Rs 9,24,000, and the registration fee, charged at 2%, would be Rs 2,64,000, bringing the total to Rs 11,88,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Seethammal Colony 3rd Main Road?

The Seethammal Colony 3rd Main Road falls under the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Mylapore Part 2

The guideline value is a crucial factor in the registration process when buying or selling property in Mylapore Part 2. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the buyer must ensure that the sale price meets or exceeds the guideline value to avoid discrepancies during registration. This ensures that the transaction is processed smoothly and in accordance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Seethammal Colony 3rd Main Road?

The current guideline value of Seethammal Colony 3rd Main Road is Rs 13,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

Recently, the guideline value changed 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 3rd Main Road?

Seethammal Colony 3rd Main Road is classified as Commercial Special Type - III under the Chennai Central Joint I SRO.

Which office handles registrations for Seethammal Colony 3rd Main Road?

The Chennai Central Joint I Sub Registrar Office handles registrations for Seethammal Colony 3rd Main Road, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

How is the stamp duty calculated for property in Seethammal Colony 3rd Main Road?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the current guideline value results in a stamp duty of Rs 9,24,000.