Guideline Value

Corporate

Guideline Value for RA PURAM 4TH MAIN ROAD

₹17600/sq.ft.

The guideline value for Ra Puram 4th Main Road in Mylapore village (Mylapore SRO, Chennai zone) is Rs 17600 per sq.ft, effective 1 July 2024. It was Rs 16000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mylapore

Village

Mylapore

SRO

Residential Special Type - III
History
Period Guideline Value
From 1-7-2024 ₹17600 /sq.ft.
From 1-4-2023 ₹16000 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹16000 /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 Ra Puram 4th Main Road

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Ra Puram 4th Main Road guideline value

The current guideline value of Ra Puram 4th Main Road 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 Main Road has changed

Over the years, the guideline value for Ra Puram 4th Main Road has seen several revisions. The most recent revision in 2024 set the value at Rs 17,600 per sq.ft, which is a 10% increase from Rs 16,000 per sq.ft in the 2023 revision. Prior to that, the 2012 revision also recorded the value at Rs 16,000 per sq.ft, indicating no change from 2012 to 2023. The register has no figures for the years 2002, 2003, 2007, and 2017.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. This consistent increase reflects the current valuation trends in the area.

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 value for these streets is Rs 8,800 per sq.ft, placing Ra Puram 4th Main Road's 2024 figure above this median.

Stamp duty and registration fee for property in Ra Puram 4th Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 17,600 per sq.ft, the total 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. 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 precise calculations.

Which Sub Registrar Office covers Ra Puram 4th Main Road?

The Sub Registrar Office covering Ra Puram 4th Main Road 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 plays a crucial role in the registration process for property transactions in Mylapore. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When a property is bought or sold, the higher value between the guideline value and the sale price is taken into account for the calculation of these fees. This ensures transparency and compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Ra Puram 4th Main Road?

The current guideline value of Ra Puram 4th Main Road 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 2023 to Rs 17,600 per sq.ft in 2024, marking a 10% increase. There was no change from the 2012 revision to the 2023 revision, which remained at Rs 16,000 per sq.ft.

What is the land classification for Ra Puram 4th Main Road?

Ra Puram 4th Main Road is classified as Residential Special Type - III, indicating its designation for residential purposes within the area.

What are the stamp duty rates for properties in Ra Puram 4th Main Road?

The stamp duty for properties in Ra Puram 4th Main Road is calculated at 7% of the guideline value or sale price, whichever is higher. The registration fee is charged at 2% of the same amount.

Where can I find the Sub Registrar Office for Ra Puram 4th Main Road?

The Sub Registrar Office for Ra Puram 4th Main Road is the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018.