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Guideline Value

Corporate

Guideline Value for DR. RADHAKRISHNAN 4TH STREET

₹25800/sq.ft.

The guideline value for Dr. Radhakrishnan 4th Street 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 Street

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Dr. Radhakrishnan 4th Street guideline value

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

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

In the 2012 revision, the guideline value was set at Rs 23,500 per sq.ft. This figure decreased to Rs 15,745 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2024, the guideline value saw a significant increase of 64%, bringing it to the current value of Rs 25,800 per sq.ft.

The register has no figures for the years 2002, 2003, 2007, and 2023 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Mylapore

In Mylapore, there are 883 streets under the Mylapore SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 25,800 per sq.ft. The median guideline value in this area is Rs 8,800 per sq.ft, making the 2024 figure for Dr. Radhakrishnan 4th Street notably higher than the median.

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

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, making the total cost for these fees Rs 23,22,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

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

The Sub Registrar Office that covers Dr. Radhakrishnan 4th Street 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 further assistance.

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

The guideline value is an important factor in the registration process when buying or selling property in Mylapore. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When registering a property, the stamp duty is calculated based on the higher of the guideline value or the sale price. This ensures that the fees reflect the true value of the property being transferred.

Frequently asked questions

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

The current guideline value of Dr. Radhakrishnan 4th Street 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, then increased to Rs 25,800 per sq.ft in 2024. This represents a 64% increase from 2017 to 2024 and an overall increase of 10% from 2012 to 2024.

What are the other streets in Mylapore with their guideline values?

Other streets in Mylapore include Dr. Radhakrishnan 4th Lane at Rs 25,800 per sq.ft, Dr. Radhakrishnan 5th Street at Rs 16,500 per sq.ft, and Dr. Radhakrishnan 3rd Street at Rs 16,500 per sq.ft, among others.

What is the stamp duty rate for properties in Dr. Radhakrishnan 4th Street?

The stamp duty rate for properties in Dr. Radhakrishnan 4th Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Dr. Radhakrishnan 4th Street?

The Sub Registrar Office for Dr. Radhakrishnan 4th Street is located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018.