Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for DR. RADHAKRISHNAN 4TH LANE

₹25800/sq.ft.

The guideline value for Dr. Radhakrishnan 4th Lane in Mylapore village (Mylapore SRO, Chennai zone) is Rs 25800 per sq.ft, effective 1 July 2024. The land classification is Commercial Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mylapore

Village

Mylapore

SRO

Commercial Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹25800 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹15745 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹23500 /sq.ft.
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:5/9, Kavingar Bharathidasan Salai, Seethamalcolony ,cresent Street Alwarpet,chennai -600018
044-24640344
[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 Dr. Radhakrishnan 4th Lane

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Dr. Radhakrishnan 4th Lane guideline value

The current guideline value of Dr. Radhakrishnan 4th Lane is Rs 25,800 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village under the Mylapore SRO, and it is classified as Commercial Special Type - I.

How the guideline value of Dr. Radhakrishnan 4th Lane has changed

The guideline value for Dr. Radhakrishnan 4th Lane has seen several revisions over the years. The 2012 revision set the value at Rs 23,500 per sq.ft, which decreased to Rs 15,745 per sq.ft in the 2017 revision. This marked a decrease of 33%. However, the value increased significantly to Rs 25,800 per sq.ft in the 2024 revision, reflecting a rise of 64% from the 2017 figure.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that there are no figures available for the revisions in 2023, 2007, 2003, and 2002 for this street.

Guideline values in Mylapore

In Mylapore, 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 Dr. Radhakrishnan 4th Lane's 2024 figure above this median.

Stamp duty and registration fee for property in Dr. Radhakrishnan 4th Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 25,800 per sq.ft, the total guideline value would be Rs 2,58,00,000. The stamp duty at 7% would amount to Rs 18,06,000, and the registration fee at 2% would be Rs 5,16,000, totaling Rs 23,22,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dr. Radhakrishnan 4th Lane?

The Sub Registrar Office that covers Dr. Radhakrishnan 4th 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 reference point during property transactions in Mylapore. It is used to determine the stamp duty and registration fees applicable on the property being bought or sold. The higher of the guideline value and the sale price will be considered for calculating these fees.

When a buyer or seller approaches the registration office, the guideline value helps ensure that the property is registered at a fair value, which is essential for maintaining transparency in real estate transactions. This process is vital for both the buyer and seller to understand their financial obligations during the sale.

Frequently asked questions

What is the current guideline value of Dr. Radhakrishnan 4th Lane?

The current guideline value of Dr. Radhakrishnan 4th Lane is Rs 25,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 23,500 per sq.ft in 2012 to Rs 15,745 per sq.ft in 2017, and then to Rs 25,800 per sq.ft in 2024. This reflects a decrease of 33% from 2012 to 2017 and an increase of 64% from 2017 to 2024.

What is the classification of Dr. Radhakrishnan 4th Lane?

Dr. Radhakrishnan 4th Lane is classified as Commercial Special Type - I, indicating its suitability for commercial activities.

What are the stamp duty rates for properties in this area?

The stamp duty for properties in Dr. Radhakrishnan 4th Lane is charged at 7% of the guideline value or the sale price, whichever is higher. Registration fees are charged at 2%.

Where can I find the Mylapore Sub Registrar Office?

The Mylapore Sub Registrar Office is located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018. You can also find your SRO online for more details.