Guideline Value for RA PURAM 3RD CROSS STREET

Ra Puram 3rd Cross Street guideline value

The current guideline value of Ra Puram 3rd Cross Street is Rs 17,600 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village, under the Mylapore SRO, and is classified as Residential Special Type - III.

How the guideline value of Ra Puram 3rd Cross Street has changed

The guideline value for Ra Puram 3rd Cross Street has undergone several revisions over the years. In 2012, the guideline value was Rs 16,000 per sq.ft, which remained unchanged until the 2023 revision. In 2023, the guideline value was again Rs 16,000 per sq.ft, but in 2024, it increased by 10% to Rs 17,600 per sq.ft. The register has no figures for the years 2002, 2003, 2007, and 2017.

Overall, from 2012 to 2024, the guideline value increased by 10%. The significant change occurred between 2023 and 2024, where the value rose from Rs 16,000 to Rs 17,600 per sq.ft.

Guideline values in Mylapore

In Mylapore, 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 for these streets is Rs 8,800 per sq.ft, placing Ra Puram 3rd Cross Street above this median value.

• Ra Puram 2nd Main Road: Rs 17,600 per sq.ft (2024)
• Ra Puram 3rd Main Road: Rs 17,600 per sq.ft (2024)
• Ra Puram 2nd Cross Street: Rs 17,600 per sq.ft (2024)
• Ra Puram 4th Cross Street: Rs 17,600 per sq.ft (2024)
• Ra Puram 1st Main Road: Rs 17,600 per sq.ft (2024)
• Ra Puram 4th Main Road: Rs 17,600 per sq.ft (2024)

Stamp duty and registration fee for property in Ra Puram 3rd Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 17,600 per sq.ft, the guideline value would be Rs 1,76,00,000. The stamp duty at 7% would amount to Rs 12,32,000, and the registration fee at 2% would be Rs 3,52,000, totaling Rs 15,84,000. 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 Ra Puram 3rd Cross Street?

The Sub Registrar Office that covers Ra Puram 3rd Cross 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 during property transactions in Mylapore. It serves as a benchmark for determining the minimum value of a property for registration purposes. Buyers and sellers must be aware of this value to ensure compliance with local regulations.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Ra Puram 3rd Cross Street?

The current guideline value of Ra Puram 3rd Cross Street is Rs 17,600 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 16,000 per sq.ft in 2012 to Rs 17,600 per sq.ft in 2024, marking an overall increase of 10% over this period.

What is the land classification for Ra Puram 3rd Cross Street?

Ra Puram 3rd Cross Street is classified as Residential Special Type - III.

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

For a property valued at Rs 1,76,00,000, the stamp duty would be Rs 12,32,000 and the registration fee would be Rs 3,52,000, totaling Rs 15,84,000.

Which office handles the registration of properties in Ra Puram 3rd Cross Street?

The Mylapore Sub Registrar Office handles the registration of properties in Ra Puram 3rd Cross Street, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018.