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Guideline Value

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Guideline Value for DR. RADHAKRISHNAN 6TH LANE(JP AVENUE)

₹16500/sq.ft.

The guideline value for Dr. Radhakrishnan 6th Lane(jp Avenue) in Mylapore village (Mylapore SRO, Chennai zone) is Rs 16500 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mylapore

Village

Mylapore

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹16500 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹15000 /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 6th Lane(jp Avenue)

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Dr. Radhakrishnan 6th Lane(Jp Avenue) guideline value

The current guideline value of Dr. Radhakrishnan 6th Lane (Jp Avenue) is Rs 16,500 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village and falls under the Mylapore SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Dr. Radhakrishnan 6th Lane(Jp Avenue) has changed

The guideline value for Dr. Radhakrishnan 6th Lane was last revised in 2024 to Rs 16,500 per sq.ft, an increase of 10% from the previous revision in 2012, which was set at Rs 15,000 per sq.ft. The register has no figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

In summary, the only revisions recorded for this street are from 2012 to 2024, showing a notable increase. The guideline value for 2012 was Rs 15,000 per sq.ft, and the current value reflects a significant upward adjustment.

Guideline values in Mylapore

In Mylapore, there are 883 streets under the Mylapore SRO, with 2024 guideline values ranging from Rs 3,300 to Rs 25,800 per sq.ft. The median value is Rs 8,800 per sq.ft, positioning Dr. Radhakrishnan 6th Lane's 2024 figure above this median.

Stamp duty and registration fee for property in Dr. Radhakrishnan 6th Lane(Jp Avenue)

For a 1,000 sq.ft plot at the current rate, the guideline value would be Rs 1,65,00,000. The stamp duty at 7% would be Rs 11,55,000, and the registration fee at 2% would be Rs 3,30,000, making the total Rs 14,85,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Dr. Radhakrishnan 6th Lane(Jp Avenue)?

The Sub Registrar Office covering Dr. Radhakrishnan 6th 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 an essential factor in property transactions in Mylapore, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with legal requirements.

During the registration process, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Dr. Radhakrishnan 6th Lane(Jp Avenue)?

The current guideline value of Dr. Radhakrishnan 6th Lane (Jp Avenue) is Rs 16,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 15,000 per sq.ft in 2012 to Rs 16,500 per sq.ft in 2024, representing a 10% increase. There are no recorded figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

What is the land classification of Dr. Radhakrishnan 6th Lane?

Dr. Radhakrishnan 6th Lane is classified as Residential Class I Type - I. This classification indicates the type of development permissible in the area.

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

Other streets in Mylapore with similar guideline values include Dr. Radhakrishnan 5th Street, Dr. Radhakrishnan 6th Street, and Dr. Radhakrishnan 7th Street, all valued at Rs 16,500 per sq.ft in 2024.

Where can I find the Sub Registrar Office for Dr. Radhakrishnan 6th Lane?

The Sub Registrar Office for Dr. Radhakrishnan 6th Lane is located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018. This office handles all registrations for properties in the area.