Guideline Value

Corporate

Guideline Value for Seethammal Extention 2nd Main Road

₹13200/sq.ft.

The guideline value for Seethammal Extention 2nd 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 Extention 2nd Main Road

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Seethammal Extention 2nd Main Road guideline value

The current guideline value of Seethammal Extention 2nd Main Road is Rs 13,200 per sq.ft. This street is located in Mylapore Part 1 village, under the Chennai Central Joint I SRO. The land classification for this area is Commercial Special Type - III.

How the guideline value of Seethammal Extention 2nd Main Road has changed

The guideline value for Seethammal Extention 2nd Main Road has undergone several revisions over the years. The register does not contain figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set 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%.

The most recent revision in 2024 reflects a significant increase from the previous year. The 2024 figure of Rs 13,200 per sq.ft is now above the median guideline value of Rs 8,800 per sq.ft for the 333 streets in Mylapore Part 1 under the Chennai Central Joint I SRO.

Guideline values in Mylapore Part 1

The guideline values for the streets in Mylapore Part 1 vary significantly, ranging from Rs 4,400 to Rs 25,300 per sq.ft. Seethammal Extention 2nd Main Road's 2024 figure of Rs 13,200 per sq.ft is above the median value of Rs 8,800 per sq.ft.

Stamp duty and registration fee for property in Seethammal Extention 2nd Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 13,200 per sq.ft, the total guideline value would amount 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, leading to a total of Rs 11,88,000. Please 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 more details.

Which Sub Registrar Office covers Seethammal Extention 2nd Main Road?

The Sub Registrar Office that covers Seethammal Extention 2nd Main Road is the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road) Royapettah, Chennai-600014. To find your SRO, visit find your SRO.

How the guideline value is used when you buy or sell in Mylapore Part 1

The guideline value is a crucial factor during property registration in Mylapore Part 1. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are collected by the government. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Seethammal Extention 2nd Main Road?

The current guideline value of Seethammal Extention 2nd 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 has changed from Rs 12,000 per sq.ft in 2023 to Rs 13,200 per sq.ft in 2024, which is a +10% increase. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Seethammal Extention 2nd Main Road?

The land classification for Seethammal Extention 2nd Main Road is Commercial Special Type - III.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in Seethammal Extention 2nd Main Road is 7% of the guideline value or the sale price, whichever is higher.

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

The Sub Registrar Office that covers Seethammal Extention 2nd Main Road is located at No.182 Bharati Salai (Pycrafts Road) Royapettah, Chennai-600014.