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Guideline Value

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Guideline Value for DR. RADHAKRISHNAN SALAI (Dr.Natesan Road to Kamarajar Salai)

₹16500/sq.ft.

The guideline value for Dr. Radhakrishnan Salai (dr.natesan Road To Kamarajar Salai) in Mylapore village (Mylapore SRO, Chennai zone) is Rs 16500 per sq.ft, effective 1 July 2024. It was Rs 15000 per sq.ft from 1 April 2023, a 10% change. 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 ₹15000 /sq.ft.
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 Salai (dr.natesan Road To Kamarajar Salai)

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DR. RADHAKRISHNAN SALAI (Dr.Natesan Road to Kamarajar Salai) guideline value

The current guideline value for DR. RADHAKRISHNAN SALAI (Dr.Natesan Road to Kamarajar Salai) 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 SALAI (Dr.Natesan Road to Kamarajar Salai) has changed

The guideline value for DR. RADHAKRISHNAN SALAI has undergone several revisions over the years. In 2012, the value was Rs 15,000 per sq.ft, which decreased to Rs 10,050 per sq.ft in 2017. Following this, the value increased significantly to Rs 15,000 per sq.ft in 2023, and then to Rs 16,500 per sq.ft in 2024, marking a 10% increase from the previous year. The register has no figure for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. 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, with guideline values 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 the 2024 guideline value for DR. RADHAKRISHNAN SALAI above this median.

Stamp duty and registration fee for property in DR. RADHAKRISHNAN SALAI (Dr.Natesan Road to Kamarajar Salai)

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, while the registration fee at 2% would be Rs 3,30,000, bringing the total fees to Rs 14,85,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers DR. RADHAKRISHNAN SALAI (Dr.Natesan Road to Kamarajar Salai)?

The Sub Registrar Office covering DR. RADHAKRISHNAN SALAI 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 in the registration process of property transactions in Mylapore. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the government.

When buying or selling property, the guideline value helps protect both buyers and sellers by providing a clear and transparent valuation system. This ensures that all parties involved are aware of the financial implications of the transaction before proceeding with registration.

Frequently asked questions

What is the current guideline value for DR. RADHAKRISHNAN SALAI?

The current guideline value for DR. RADHAKRISHNAN SALAI (Dr.Natesan Road to Kamarajar Salai) 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, then increased to Rs 15,000 per sq.ft in 2023, and finally to Rs 16,500 per sq.ft in 2024.

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

Other streets in Mylapore include Dr.Radhakrishnan Salai(T.T.K. Road To Dr. Natesan Salai) at Rs 25,800 per sq.ft, and Dr. Radhakrishnan 9th, 8th, 7th, 6th Streets, and 6th Lane(Jp Avenue), all at Rs 16,500 per sq.ft (2024).

What is the stamp duty rate for properties in DR. RADHAKRISHNAN SALAI?

The stamp duty rate for properties in DR. RADHAKRISHNAN SALAI is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for DR. RADHAKRISHNAN SALAI located?

The Sub Registrar Office for DR. RADHAKRISHNAN SALAI is located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018.