Guideline Value

Corporate

Guideline Value for Seethammal Colony Extention 1st Main Road

₹13200/sq.ft.

The guideline value for Seethammal Colony Extention 1st 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 Extention 1st Main Road

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Seethammal Colony Extention 1st Main Road guideline value

The current guideline value of Seethammal Colony Extention 1st 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 Extention 1st Main Road has changed

The guideline value for Seethammal Colony Extention 1st Main Road has seen several revisions over the years. The register has no figure for this street in 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 12,000 per sq.ft, which increased by 10% to Rs 13,200 per sq.ft in the 2024 revision.

Therefore, the most recent revision reflects a significant change in the guideline value. The 2024 figure of Rs 13,200 per sq.ft positions this street above the median of Rs 8,800 per sq.ft for Mylapore Part 1.

Guideline values in Mylapore Part 1

In Mylapore Part 1, there are 333 streets under the Chennai Central Joint I SRO that carry a 2024 guideline value, ranging from Rs 4,400 to Rs 25,300 per sq.ft. The median value is Rs 8,800 per sq.ft, and Seethammal Colony Extention 1st Main Road's value is above this median.

Stamp duty and registration fee for property in Seethammal Colony Extention 1st Main Road

For a 1,000 sq.ft plot at the current rate of Rs 13,200 per sq.ft, the 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, totaling Rs 11,88,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Seethammal Colony Extention 1st Main Road?

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

When a property is sold, the guideline value ensures that the transaction is recorded accurately, reflecting the value of the property as determined by the authorities. This value is essential for both buyers and sellers to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Seethammal Colony Extention 1st Main Road?

The current guideline value of Seethammal Colony Extention 1st 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 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 Extention 1st Main Road?

The land classification for Seethammal Colony Extention 1st Main Road is Commercial Special Type - III.

Where is the Sub Registrar Office located for this area?

The Sub Registrar Office for Seethammal Colony Extention 1st Main Road is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

How is the guideline value used in property transactions?

The guideline value is used as a reference point for calculating stamp duty and registration fees during property transactions. It helps ensure that the transaction is recorded accurately and reflects the value of the property.