Guideline Value for RA PURAM 5TH MAIN ROAD

Ra Puram 5th Main Road guideline value

The current guideline value of Ra Puram 5th 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 5th Main Road has changed

In the 2012 revision, the guideline value for Ra Puram 5th Main Road was Rs 16,000 per sq.ft. This figure remained unchanged in the 2023 revision. However, with the 2024 revision, the guideline value increased to Rs 17,600 per sq.ft, marking a 10% rise from the previous year's value.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for the revisions in 2002, 2003, 2007, and 2017 for this street.

Guideline values in Mylapore

In Mylapore, there are 883 streets under the Mylapore SRO with 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 5th Main Road's value above that median.

• Ra Puram 4th Main Road: Rs 17,600 per sq.ft (2024)
• Ra Puram 6th Cross Street: Rs 17,600 per sq.ft (2024)
• Ra Puram 4th Cross Street: Rs 17,600 per sq.ft (2024)
• Ra Puram 6th Main Road: Rs 17,600 per sq.ft (2024)
• Ra Puram 3rd Main Road: Rs 17,600 per sq.ft (2024)
• Ra Puram 7th Cross Street: Rs 17,600 per sq.ft (2024)

Stamp duty and registration fee for property in Ra Puram 5th 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 be Rs 12,32,000, and the registration fee at 2% would be Rs 3,52,000, together amounting to Rs 15,84,000. 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 5th Main Road?

The Sub Registrar Office that covers Ra Puram 5th 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 is an essential factor in property transactions in Mylapore. It serves as a benchmark for determining the minimum value at which properties must be registered, ensuring transparency and standardization in property dealings.

When buying or selling property, the guideline value influences the stamp duty and registration fees applicable to the transaction. This ensures that the government receives the appropriate revenue based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Ra Puram 5th Main Road?

The current guideline value of Ra Puram 5th Main Road is Rs 17,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2012 revision, the guideline value has increased from Rs 16,000 per sq.ft to Rs 17,600 per sq.ft in 2024, marking a total increase of 10% over this period.

What are the stamp duty and registration fees for properties in Ra Puram 5th Main Road?

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 Sub Registrar Office handles registrations for Ra Puram 5th Main Road?

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

Where can I find more information about guideline values in Mylapore?

Detailed information about guideline values in Mylapore can be accessed through the Registration Department's guideline value register (TNReginet) or by visiting the Mylapore SRO.