Guideline Value

Corporate

Guideline Value for Seethammal Colony 4th Cross Street

₹13200/sq.ft.

The guideline value for Seethammal Colony 4th Cross Street 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 4th Cross Street

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Seethammal Colony 4th Cross Street guideline value

The current guideline value of Seethammal Colony 4th Cross Street is Rs 13,200 per sq.ft. This street is located in the Mylapore Part 2 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 4th Cross Street has changed

The guideline value for Seethammal Colony 4th Cross Street has undergone several revisions over the years. The register has no figure for this street in 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 12,000 per sq.ft, which was then increased to Rs 13,200 per sq.ft in the 2024 revision, marking a change of +10%.

As of the 2024 revision, the guideline value stands at Rs 13,200 per sq.ft. This increase from the previous year reflects the ongoing adjustments in property values within the region.

Guideline values in Mylapore Part 2

In Mylapore Part 2, the guideline values vary significantly, with figures ranging from Rs 4,400 to Rs 25,300 per sq.ft. The median guideline value for the area is Rs 8,800 per sq.ft, placing Seethammal Colony 4th Cross Street above this median value.

Stamp duty and registration fee for property in Seethammal Colony 4th 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, bringing the total charges to Rs 11,88,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Seethammal Colony 4th Cross Street?

The Seethammal Colony 4th Cross Street is covered by 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 a crucial factor when registering property transactions in Mylapore Part 2. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the registration process reflects the prevailing market conditions.

When a buyer or seller engages in a property transaction, the guideline value is used to calculate applicable fees such as stamp duty and registration charges. This ensures that both parties are aware of the financial implications associated with the transaction.

Frequently asked questions

What is the current guideline value of Seethammal Colony 4th Cross Street?

The current guideline value of Seethammal Colony 4th Cross Street is Rs 13,200 per sq.ft as per the 2024 revision.

What was the guideline value in 2023?

The guideline value for Seethammal Colony 4th Cross Street in 2023 was Rs 12,000 per sq.ft.

How much has the guideline value changed from 2023 to 2024?

From 2023 to 2024, the guideline value increased by 10%, moving from Rs 12,000 per sq.ft to Rs 13,200 per sq.ft.

Which Sub Registrar Office handles the registration for this street?

The Chennai Central Joint I Sub Registrar Office handles the registration for Seethammal Colony 4th Cross Street, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

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

Stamp duty for properties in Seethammal Colony 4th Cross Street is calculated based on the guideline value or the sale price, whichever is higher. The current rate is 7% for stamp duty and 2% for the registration fee.