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Guideline Value

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Guideline Value for DR.RADHAKRISHNAN SALAI(T.T.K. ROAD TO DR. NATESAN SALAI)

₹25800/sq.ft.

The guideline value for Dr.radhakrishnan Salai(t.t.k. Road To Dr. Natesan Salai) in Mylapore village (Mylapore SRO, Chennai zone) is Rs 25800 per sq.ft, effective 1 July 2024. It was Rs 23500 per sq.ft from 1 April 2023, a 10% change. 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 ₹23500 /sq.ft.
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 Salai(t.t.k. Road To Dr. Natesan Salai)

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Dr.Radhakrishnan Salai(T.T.K. Road To Dr. Natesan Salai) guideline value

The current guideline value of Dr.Radhakrishnan Salai (T.T.K. Road To Dr. Natesan Salai) 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 Salai(T.T.K. Road To Dr. Natesan Salai) has changed

The guideline value has seen several revisions over the years. In 2012, the value was Rs 23,500 per sq.ft, which decreased to Rs 15,745 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 23,500 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 set the value at Rs 25,800 per sq.ft, an increase of 10% from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 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, 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, placing Dr.Radhakrishnan Salai's 2024 figure above this median.

Stamp duty and registration fee for property in Dr.Radhakrishnan Salai(T.T.K. Road To Dr. Natesan Salai)

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, leading to a total of Rs 23,22,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dr.Radhakrishnan Salai(T.T.K. Road To Dr. Natesan Salai)?

The Sub Registrar Office that covers 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 when registering property transactions in Mylapore. It determines the minimum value at which a property can be registered, ensuring that the transaction is conducted at a fair price as per the government standards.

When a buyer or seller engages in a property transaction, the guideline value is used to calculate the applicable stamp duty and registration fees, which are mandatory for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Dr.Radhakrishnan Salai?

The current guideline value of Dr.Radhakrishnan Salai (T.T.K. Road To Dr. Natesan Salai) 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 23,500 per sq.ft in 2023, and finally to Rs 25,800 per sq.ft in 2024.

What is the land classification for Dr.Radhakrishnan Salai?

Dr.Radhakrishnan Salai is classified as Commercial Special Type - I under the Mylapore SRO.

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

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2% of the guideline value or sale price.

Which office handles property registrations for Dr.Radhakrishnan Salai?

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