Guideline Value for THONDAIKAN MAKKAN 3RD LANE

Thondaikan Makkan 3rd Lane guideline value

The current guideline value of Thondaikan Makkan 3rd Lane is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village, under the Mylapore SRO, and is classified as Residential Class V Type - III.

How the guideline value of Thondaikan Makkan 3rd Lane has changed

The guideline value for Thondaikan Makkan 3rd Lane has undergone several revisions over the years. The earliest recorded figure is from 2007, where the guideline value was Rs 900 per sq.ft. This increased significantly to Rs 3,000 per sq.ft in 2012, marking a change of +233%. The value remained unchanged in 2023 at Rs 3,000 per sq.ft, before rising to Rs 3,300 per sq.ft in 2024, reflecting a +10% increase.

Overall, from 2007 to 2024, the guideline value has increased by +267%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2017 for this street.

Guideline values in Mylapore

In Mylapore village, there are 883 streets under the Mylapore SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 25,800 per sq.ft. The median value for these streets is Rs 8,800 per sq.ft, placing Thondaikan Makkan 3rd Lane's 2024 figure below this median.

• Thondaikan Makkan 2nd Lane: Rs 3,300 per sq.ft (2024)
• Thondaikan Makkan 1st Lane: Rs 3,300 per sq.ft (2024)
• Thiru.V.K. 1st Lane: Rs 12,100 per sq.ft (2024)
• Thulukkana Thottam: Rs 3,300 per sq.ft (2024)
• Thulukkana Thottam 1st Street: Rs 3,300 per sq.ft (2024)
• Thulukkana Thottam 2nd Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Thondaikan Makkan 3rd Lane

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the guideline value totals Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. Please note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thondaikan Makkan 3rd Lane?

The Sub Registrar Office covering Thondaikan Makkan 3rd Lane is the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018. You can find your SRO for more information.

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

The guideline value is a crucial metric used during the registration of property transactions in Mylapore. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when transferring property ownership.

When buying or selling property, the guideline value ensures that both parties are aware of the minimum value at which the property can be registered. This helps maintain transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Thondaikan Makkan 3rd Lane?

The current guideline value of Thondaikan Makkan 3rd Lane is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of +267% over the years.

Are there any years without recorded guideline values for this street?

Yes, there are no recorded guideline values for Thondaikan Makkan 3rd Lane in the years 2002, 2003, and 2017.

What is the median guideline value for streets in Mylapore?

The median guideline value for streets in Mylapore is Rs 8,800 per sq.ft, which is above the current value of Thondaikan Makkan 3rd Lane.

Where can I find the Sub Registrar Office for Thondaikan Makkan 3rd Lane?

The Sub Registrar Office for Thondaikan Makkan 3rd Lane is located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018.