Guideline Value for Seethammal Extention 2nd Main Road

Seethammal Extention 2nd Main Road guideline value

The current guideline value for Seethammal Extention 2nd Main Road 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, classified as Commercial Special Type - III.

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

There are no figures available in the register for the years 2002, 2003, 2007, 2012, and 2017 for Seethammal Extention 2nd Main Road. The guideline value was Rs 12,000 per sq.ft in the 2023 revision, and it increased by 10% to Rs 13,200 per sq.ft in the 2024 revision.

This change reflects the latest update in the guideline value register, which shows an upward adjustment from the previous year. The increase in value indicates a reassessment of the property in this area.

Guideline values in Mylapore Part 2

Mylapore Part 2 features a total of 332 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 in this area is Rs 8,800 per sq.ft, making the current value for Seethammal Extention 2nd Main Road above this median.

• Seethammal Colony MainRoad: Rs 13,200 per sq.ft (2024)
• Seethammal Lane: Rs 13,200 per sq.ft (2024)
• Seethammal Colony Extention 3rd Main Road: Rs 13,200 per sq.ft (2024)
• Seethammal Colony Extention 3rd Cross Street: Rs 13,200 per sq.ft (2024)
• Seethamma Road: Rs 13,200 per sq.ft (2024)
• Seethammal Colony Extention 2nd Cross Street: Rs 13,200 per sq.ft (2024)

Stamp duty and registration fee for property in Seethammal Extention 2nd 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 is calculated at 7%, totaling Rs 9,24,000, and the registration fee at 2% amounts to Rs 2,64,000. Together, the total fees would be Rs 11,88,000. Please 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 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. 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 critical factor during the registration of property transactions in Mylapore Part 2. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When a property is registered, the applicable charges are based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

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 much has the guideline value changed 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 Extention 2nd Main Road?

Seethammal Extention 2nd Main Road is classified as Commercial Special Type - III.

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

The Sub Registrar Office for 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.

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. For example, for a property valued at Rs 1,32,00,000, the stamp duty would be Rs 9,24,000 at 7%.