Guideline Value for RA PURAM 7TH CROSS STREET

Ra Puram 7th Cross Street guideline value

The current guideline value of Ra Puram 7th 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 7th Cross Street has changed

In the 2012 revision, the guideline value for Ra Puram 7th Cross Street was Rs 16,000 per sq.ft. This figure remained unchanged in the 2023 revision. However, in the 2024 revision, the guideline value increased to Rs 17,600 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register does not have 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 with a 2024 guideline value ranging from Rs 3,300 to Rs 25,800 per sq.ft. The median guideline value is Rs 8,800 per sq.ft, placing Ra Puram 7th Cross Street's 2024 figure above this median.

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

The Sub Registrar Office that covers Ra Puram 7th Cross Street is the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018. To find your SRO, visit find your SRO.

How the guideline value is used when you buy or sell in Mylapore

The guideline value is a crucial factor in property transactions in Mylapore, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees, which are mandatory costs incurred during the buying or selling process.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, helping to maintain transparency in real estate dealings. Buyers and sellers must be aware of the current guideline value to understand their financial obligations during registration.

Frequently asked questions

What is the current guideline value of Ra Puram 7th Cross Street?

The current guideline value of Ra Puram 7th 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 remained at Rs 16,000 per sq.ft from 2012 to 2023 and increased to Rs 17,600 per sq.ft in 2024. The overall change from 2012 to 2024 is a 10% increase.

What is the land classification for Ra Puram 7th Cross Street?

Ra Puram 7th Cross Street is classified as Residential Special Type - III.

What are the stamp duty rates for properties in Ra Puram 7th Cross Street?

The stamp duty for properties in Ra Puram 7th Cross Street is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Ra Puram 7th Cross Street?

The Sub Registrar Office for Ra Puram 7th Cross Street is located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018.