Guideline Value for RA PURAM 6TH MAIN ROAD

Ra Puram 6th Main Road guideline value

The current guideline value of Ra Puram 6th 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 6th Main Road has changed

Since the 2012 revision, the guideline value for Ra Puram 6th Main Road has seen an increase of 10%. The 2012 revision recorded a guideline value of Rs 16,000 per sq.ft, which remained unchanged until the 2023 revision. The 2023 revision also listed the guideline value at Rs 16,000 per sq.ft.

In the 2024 revision, the guideline value increased to Rs 17,600 per sq.ft, marking a 10% rise from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2017 for this street.

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 6th Main Road above this median.

• Ra Puram 6th Cross Street: Rs 17,600 per sq.ft (2024)
• Ra Puram 7th Cross Street: Rs 17,600 per sq.ft (2024)
• Ra Puram 5th Main Road: Rs 17,600 per sq.ft (2024)
• Ra Puram 7th Main Road: Rs 17,600 per sq.ft (2024)
• Ra Puram 4th Main Road: Rs 17,600 per sq.ft (2024)
• RA PURAM EAST/WEST 2ND LINK(Ayodhaya Flats): Rs 9,900 per sq.ft (2024)

Stamp duty and registration fee for property in Ra Puram 6th 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 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. Duty is charged on the higher of the guideline value and the sale price.

You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ra Puram 6th Main Road?

The Sub Registrar Office covering Ra Puram 6th 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 a crucial factor during property registration in Mylapore. It serves as a benchmark for determining the minimum value of a property, ensuring that the transaction is registered at a fair price as per the local regulations.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that all parties involved in the transaction are aware of the financial obligations tied to the property transfer.

Frequently asked questions

What is the current guideline value of Ra Puram 6th Main Road?

The current guideline value of Ra Puram 6th 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 increased by 10% from Rs 16,000 per sq.ft in 2023 to Rs 17,600 per sq.ft in 2024. It remained unchanged at Rs 16,000 per sq.ft from 2012 to 2023.

What is the land classification of Ra Puram 6th Main Road?

Ra Puram 6th Main Road is classified as Residential Special Type - III. This classification affects the guideline value and property use in the area.

Where can I find the Sub Registrar Office for Ra Puram 6th Main Road?

The Sub Registrar Office for Ra Puram 6th Main Road is located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018.

How is the stamp duty calculated for properties in Ra Puram 6th Main Road?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a stamp duty of Rs 12,32,000.