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Guideline Value

Corporate

Guideline Value for DR. RADHAKRISHNAN 9TH STREET

₹16500/sq.ft.

The guideline value for Dr. Radhakrishnan 9th Street 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 ₹10050 /sq.ft.
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 9th Street

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Dr. Radhakrishnan 9th Street guideline value

The current guideline value of Dr. Radhakrishnan 9th 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 9th Street has changed

In the 2012 revision, the guideline value was Rs 15,000 per sq.ft. This figure decreased to Rs 10,050 per sq.ft in the 2017 revision, marking a decline of 33%. However, the most recent 2024 revision shows a significant increase to Rs 16,500 per sq.ft, representing a rise of 64% from the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by 10%.

The register does not provide figures for the years 2002, 2003, 2007, and 2023 for Dr. Radhakrishnan 9th Street.

Guideline values in Mylapore

In Mylapore village, 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, placing Dr. Radhakrishnan 9th Street above this median.

Stamp duty and registration fee for property in Dr. Radhakrishnan 9th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 16,500 per sq.ft, the total 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 cost for these fees to Rs 14,85,000. It is important to note that 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 detailed calculations.

Which Sub Registrar Office covers Dr. Radhakrishnan 9th Street?

The Sub Registrar Office that covers Dr. Radhakrishnan 9th 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 more information.

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

The guideline value is a crucial factor when buying or selling property in Mylapore, as it serves as a benchmark for determining the minimum value at which a property can be registered. This value is used by the registration authorities to calculate the stamp duty and registration fees applicable to the transaction.

When engaging in a property transaction, it is essential to be aware of the guideline value, as it can significantly impact the overall costs involved. Buyers and sellers should ensure that they are informed about the current guideline values to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of Dr. Radhakrishnan 9th Street?

The current guideline value of Dr. Radhakrishnan 9th 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. This represents a 64% increase from 2017 to 2024 and an overall increase of 10% from 2012 to 2024.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 1,65,00,000, the stamp duty would be Rs 11,55,000 and the registration fee would be Rs 3,30,000, totaling Rs 14,85,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Dr. Radhakrishnan 9th Street?

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

What is the median guideline value in Mylapore?

The median guideline value in Mylapore village is Rs 8,800 per sq.ft. Dr. Radhakrishnan 9th Street's guideline value of Rs 16,500 per sq.ft is above this median.