Guideline Value

Corporate

Guideline Value for Seethammal Colony Extention 2nd Cross Street

₹13200/sq.ft.

The guideline value for Seethammal Colony Extention 2nd 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 Extention 2nd Cross Street

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Seethammal Colony Extention 2nd Cross Street guideline value

The current guideline value for Seethammal Colony Extention 2nd Cross Street is Rs 13,200 per sq.ft, effective from 1 July 2024. This street is part of Mylapore Part 2 village and falls under the Chennai Central Joint I SRO, classified as Commercial Special Type - III.

How the guideline value of Seethammal Colony Extention 2nd Cross Street has changed

In the 2023 revision, the guideline value was Rs 12,000 per sq.ft. This marked an increase of 10% from the previous year's figure. The 2024 revision raised the value to Rs 13,200 per sq.ft. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017 for this street.

Overall, the guideline value has seen a significant increase from the 2023 revision to the 2024 revision, reflecting the latest adjustments made by the registration department.

Guideline values in Mylapore Part 2

In Mylapore Part 2, there are 332 streets under the Chennai Central Joint I SRO with 2024 guideline values ranging from Rs 4,400 to Rs 25,300 per sq.ft, with a median of Rs 8,800 per sq.ft. Seethammal Colony Extention 2nd Cross Street's value is above this median.

Stamp duty and registration fee for property in Seethammal Colony Extention 2nd 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, while 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Seethammal Colony Extention 2nd Cross Street?

The Seethammal Colony Extention 2nd 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 determines the minimum value at which properties can be registered and is used to calculate stamp duty and registration fees.

When buying or selling property, the guideline value ensures that transactions are conducted transparently and that the government receives the appropriate revenue from property transfers. Buyers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value for Seethammal Colony Extention 2nd Cross Street?

The current guideline value for Seethammal Colony Extention 2nd Cross Street 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 Extention 2nd Cross Street was Rs 12,000 per sq.ft in 2023, increasing by 10% to Rs 13,200 per sq.ft in 2024. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the classification of land in Seethammal Colony Extention 2nd Cross Street?

The land classification for Seethammal Colony Extention 2nd Cross Street is Commercial Special Type - III.

How is stamp duty calculated for properties in this area?

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

Which office handles registrations for Seethammal Colony Extention 2nd Cross Street?

The registrations for Seethammal Colony Extention 2nd Cross Street are handled by the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.