Guideline Value for RA PURAM 4TH CROSS STREET

Ra Puram 4th Cross Street guideline value

The current guideline value of Ra Puram 4th 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 4th Cross Street has changed

The guideline value for Ra Puram 4th Cross Street has seen several revisions over the years. In 2012, the value was Rs 16,000 per sq.ft. This figure then decreased to Rs 10,720 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49%, reaching Rs 16,000 per sq.ft. The most recent revision in 2024 has set the guideline value at Rs 17,600 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register has no figures 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 in this area is Rs 8,800 per sq.ft, placing Ra Puram 4th Cross Street's 2024 figure above that median.

• Ra Puram 3rd Main Road: Rs 17,600 per sq.ft (2024)
• Ra Puram 4th Main Road: Rs 17,600 per sq.ft (2024)
• Ra Puram 3rd Cross Street: Rs 17,600 per sq.ft (2024)
• Ra Puram 5th Main Road: Rs 17,600 per sq.ft (2024)
• Ra Puram 2nd Main Road: Rs 17,600 per sq.ft (2024)
• Ra Puram 6th Cross Street: Rs 17,600 per sq.ft (2024)

Stamp duty and registration fee for property in Ra Puram 4th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 17,600 per sq.ft, the total guideline value amounts to Rs 1,76,00,000. The stamp duty at 7% would be 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 higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ra Puram 4th Cross Street?

The Sub Registrar Office that covers Ra Puram 4th 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 in the registration process for property transactions in Mylapore. It serves as a benchmark for determining the minimum value on which stamp duty and registration fees will be calculated, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value helps in establishing a fair transaction price, as it reflects the prevailing rates in the area. Buyers and sellers should be aware of the guideline value to make informed decisions during negotiations and ensure compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Ra Puram 4th Cross Street?

The current guideline value of Ra Puram 4th Cross Street is Rs 17,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 16,000 per sq.ft in 2012 to Rs 10,720 per sq.ft in 2017, then back to Rs 16,000 per sq.ft in 2023, and finally to Rs 17,600 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Ra Puram 4th Cross Street?

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

Which office handles property registration for Ra Puram 4th Cross Street?

The Mylapore Sub Registrar Office handles property registration for Ra Puram 4th Cross Street, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018.

What is the land classification of Ra Puram 4th Cross Street?

Ra Puram 4th Cross Street is classified as Residential Special Type - III.