Guideline Value

Corporate

Guideline Value for Seethammal Colony Extention 3rd Cross Street

₹13200/sq.ft.

The guideline value for Seethammal Colony Extention 3rd 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 3rd Cross Street

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Seethammal Colony Extention 3rd Cross Street guideline value

The current guideline value of Seethammal Colony Extention 3rd Cross Street 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, with a land classification of Commercial Special Type - III.

How the guideline value of Seethammal Colony Extention 3rd Cross Street has changed

The guideline value for Seethammal Colony Extention 3rd Cross Street has seen several revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. The most recent revision is from 2024, where the value is set at Rs 13,200 per sq.ft, which is a 10% increase from the 2023 revision of Rs 12,000 per sq.ft.

Prior to the 2023 revision, there were no recorded figures for the street in the previous years mentioned. The increase from 2023 to 2024 reflects the latest adjustments in the guideline values as determined 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 guideline values ranging from Rs 4,400 to Rs 25,300 per sq.ft, and the median value is Rs 8,800 per sq.ft. The guideline value of Seethammal Colony Extention 3rd Cross Street is above this median.

Stamp duty and registration fee for property in Seethammal Colony Extention 3rd Cross Street

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. Duty is charged on the guideline value or the sale price, whichever is higher. You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Seethammal Colony Extention 3rd Cross Street?

The Seethammal Colony Extention 3rd 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 further assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Mylapore Part 2. It is the basis for calculating the stamp duty and registration fees, which are mandatory for property transactions.

When a property is registered, the higher of the guideline value or the sale price is taken into account for duty calculations. This ensures that the fees reflect the true value of the property being transacted.

Frequently asked questions

What is the current guideline value of Seethammal Colony Extention 3rd Cross Street?

The current guideline value of Seethammal Colony Extention 3rd 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 has increased from Rs 12,000 per sq.ft in 2023 to Rs 13,200 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for this street?

The land classification for Seethammal Colony Extention 3rd Cross Street is Commercial Special Type - III.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office covering Seethammal Colony Extention 3rd Cross Street is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

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, a property with a guideline value of Rs 1,32,00,000 would incur a stamp duty of Rs 9,24,000 at a rate of 7%.