Guideline Value for Seethammal Lane

Seethammal Lane guideline value

The current guideline value of Seethammal Lane is Rs 13,200 per sq.ft, effective from 1 July 2024. This street is located in Mylapore Part 1 village, under the Chennai Central Joint I SRO, and is classified as Commercial Special Type - III.

How the guideline value of Seethammal Lane has changed

The register for Seethammal Lane shows that there have been no recorded guideline values for the years 2002, 2003, 2007, 2012, and 2017. The most recent figures indicate that the guideline value was Rs 12,000 per sq.ft during the 2023 revision, which increased by 10% to Rs 13,200 per sq.ft in the 2024 revision.

This increase reflects the latest adjustment in the guideline value register, with the 2024 figure now set at Rs 13,200 per sq.ft. The changes from the previous year highlight the adjustments made within the Chennai Central Joint I SRO.

Guideline values in Mylapore Part 1

In Mylapore Part 1, there are 333 streets under the Chennai Central Joint I SRO with guideline values ranging from Rs 4,400 to Rs 25,300 per sq.ft, with a median value of Rs 8,800 per sq.ft. The guideline value for Seethammal Lane is notably above this median.

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

Stamp duty and registration fee for property in Seethammal Lane

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

For more details, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Seethammal Lane?

The Sub Registrar Office covering Seethammal Lane 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 during the registration process of property transactions in Mylapore Part 1. It serves as a benchmark for determining the stamp duty and registration fees applicable to the sale or purchase of property.

Frequently asked questions

What is the current guideline value of Seethammal Lane?

The current guideline value of Seethammal Lane 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 Lane has seen an increase from Rs 12,000 per sq.ft in 2023 to Rs 13,200 per sq.ft in 2024, marking a 10% rise. There are no recorded figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the classification of Seethammal Lane?

Seethammal Lane is classified as Commercial Special Type - III under the Chennai Central Joint I SRO.

Where can I find the Sub Registrar Office for Seethammal Lane?

The Sub Registrar Office for Seethammal Lane is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are 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 and a registration fee of Rs 2,64,000.