Guideline Value for DR. RADHAKRISHNAN 6TH STREET

Dr. Radhakrishnan 6th Street guideline value

The current guideline value of Dr. Radhakrishnan 6th Street is Rs 16,500 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 I Type - I.

How the guideline value of Dr. Radhakrishnan 6th Street has changed

The guideline value for Dr. Radhakrishnan 6th Street has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 15,000 per sq.ft. This was followed by a decrease to Rs 10,050 per sq.ft in the 2017 revision, which represented a decline of 33%. However, the latest revision in 2024 has seen a significant increase, bringing the value back up to Rs 16,500 per sq.ft, marking a 64% rise 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 the register has no figures for the years 2002, 2003, 2007, and 2023 for this street.

Guideline values in Mylapore

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

• Dr. Radhakrishnan 6th Lane(Jp Avenue): Rs 16,500 per sq.ft (2024)
• Dr. Radhakrishnan 7th Street: Rs 16,500 per sq.ft (2024)
• Dr. Radhakrishnan 5th Street: Rs 16,500 per sq.ft (2024)
• Dr. Radhakrishnan 8th Street: Rs 16,500 per sq.ft (2024)
• Dr. Radhakrishnan 4th Street: Rs 25,800 per sq.ft (2024)
• Dr. Radhakrishnan 9th Street: Rs 16,500 per sq.ft (2024)

Stamp duty and registration fee for property in Dr. Radhakrishnan 6th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 16,500 per sq.ft, the guideline value amounts to 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, bringing the total to Rs 14,85,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Dr. Radhakrishnan 6th Street?

The Sub Registrar Office that covers Dr. Radhakrishnan 6th 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 plays a crucial role during the registration of property transactions in Mylapore. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, both parties must consider the guideline value to avoid discrepancies during the registration process. It is essential to ensure that the sale price is equal to or higher than the guideline value to comply with legal requirements.

Frequently asked questions

What is the current guideline value of Dr. Radhakrishnan 6th Street?

The current guideline value of Dr. Radhakrishnan 6th Street 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 changed from Rs 15,000 per sq.ft in 2012 to Rs 10,050 per sq.ft in 2017, and then increased to Rs 16,500 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2007, and 2023.

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

Dr. Radhakrishnan 6th Street is classified as Residential Class I Type - I.

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.

How is stamp duty calculated for properties in Dr. Radhakrishnan 6th Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft property at the guideline value of Rs 16,500 per sq.ft, the total guideline value would be Rs 1,65,00,000.