Guideline Value for H.D.Raja Street

H.D.Raja Street guideline value

The current guideline value of H.D.Raja Street is Rs 8,700 per sq.ft, effective from 1 July 2024. This street is located in Mylapore Part 2 village under the Chennai Central Joint I SRO and is classified as Residential Class I Type - III.

How the guideline value of H.D.Raja Street has changed

The guideline value for H.D.Raja Street has undergone several revisions over the years. The register has no figure for this street from the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 8,000 per sq.ft, which was an increase from the previous revisions. The most recent revision in 2024 raised the guideline value to Rs 8,700 per sq.ft, reflecting a 9% increase from the 2023 figure.

Guideline values in Mylapore Part 2

In Mylapore Part 2, a total of 332 streets fall under the Chennai Central Joint I SRO, with guideline values ranging from Rs 4,400 to Rs 25,300 per sq.ft. The median guideline value in this area is Rs 8,800 per sq.ft, placing H.D.Raja Street's 2024 figure below this median.

• Gowdia Mutt Road: Rs 13,200 per sq.ft (2024)
• Gowdia Mutt Lane: Rs 13,200 per sq.ft (2024)
• Goverthan Singh Street: Rs 8,700 per sq.ft (2024)
• Gopalapuram 8th Street: Rs 14,300 per sq.ft (2024)
• Gopalapuram 7th Street: Rs 14,300 per sq.ft (2024)
• Gopalapuram 6th Street: Rs 14,300 per sq.ft (2024)

Stamp duty and registration fee for property in H.D.Raja Street

For a 1,000 sq.ft plot at the current rate of Rs 8,700 per sq.ft, the guideline value would be Rs 87,00,000. The stamp duty at 7% would amount to Rs 6,09,000, and the registration fee at 2% would be Rs 1,74,000, totaling Rs 7,83,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers H.D.Raja Street?

The Sub Registrar Office that covers H.D.Raja Street is the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Mylapore Part 2

The guideline value plays a crucial role during the registration of property transactions in Mylapore Part 2. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that both buyers and sellers are aware of the financial implications of their transactions. This process helps maintain transparency in property dealings within the region.

Frequently asked questions

What is the current guideline value of H.D.Raja Street?

The current guideline value of H.D.Raja Street is Rs 8,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for H.D.Raja Street was Rs 8,000 per sq.ft in 2023, and it increased to Rs 8,700 per sq.ft in 2024, reflecting a 9% rise. The register has no figures for this street from the years 2002, 2003, 2007, 2012, and 2017.

What are the guideline values of other streets in Mylapore Part 2?

Other streets in Mylapore Part 2 have varying guideline values. For instance, Gowdia Mutt Road and Gowdia Mutt Lane both have a guideline value of Rs 13,200 per sq.ft in 2024, while Goverthan Singh Street matches H.D.Raja Street at Rs 8,700 per sq.ft.

What is the stamp duty for property transactions in H.D.Raja Street?

The stamp duty for property transactions in H.D.Raja Street is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 87,00,000, the stamp duty would be Rs 6,09,000.

Where can I find the Sub Registrar Office for H.D.Raja Street?

The Sub Registrar Office covering H.D.Raja Street is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find more details through the provided link.