Guideline Value

Corporate

Guideline Value for Seethammal Colony 4th Main Road

₹13200/sq.ft.

The guideline value for Seethammal Colony 4th 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 4th Main Road

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Seethammal Colony 4th Main Road guideline value

The current guideline value of Seethammal Colony 4th Main Road 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 4th Main Road has changed

The guideline value for Seethammal Colony 4th Main Road has seen several revisions over the years. The register does not contain figures for the years 2002, 2003, 2007, 2012, and 2017. The most recent revisions show that the guideline value was Rs 12,000 per sq.ft in 2023, which increased by 10% to Rs 13,200 per sq.ft in 2024.

Prior to 2023, there were no recorded figures for the street in the register. The 2024 revision reflects a significant increase in the guideline value, aligning it with the current commercial land classification in the area.

Guideline values in Mylapore Part 1

Mylapore Part 1 has a total of 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 guideline value for this village is Rs 8,800 per sq.ft, indicating that Seethammal Colony 4th Main Road's 2024 figure is above this median.

Stamp duty and registration fee for property in Seethammal Colony 4th Main Road

For a 1,000 sq.ft plot at the current rate of Rs 13,200 per sq.ft, the 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 to 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 specific property details.

Which Sub Registrar Office covers Seethammal Colony 4th Main Road?

The Sub Registrar Office that covers Seethammal Colony 4th 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 crucial factor when buying or selling property in Mylapore Part 1. It serves as a benchmark for determining the registration fees and stamp duty applicable during the transaction process.

Frequently asked questions

What is the current guideline value of Seethammal Colony 4th Main Road?

The current guideline value of Seethammal Colony 4th 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 increased from Rs 12,000 per sq.ft in 2023 to Rs 13,200 per sq.ft in 2024, reflecting a 10% increase. There are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2017 for this street.

What is the land classification for Seethammal Colony 4th Main Road?

The land classification for Seethammal Colony 4th Main Road is Commercial Special Type - III. This classification impacts the guideline value set for properties in this area.

Where is the Sub Registrar Office for this area located?

The Chennai Central Joint I Sub Registrar Office is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. This office handles registrations for properties in Seethammal Colony 4th Main Road.

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

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 1,32,00,000, the stamp duty at 7% would be Rs 9,24,000.