Guideline Value for RA PURAM 7TH MAIN ROAD

Ra Puram 7th Main Road guideline value

The current guideline value of Ra Puram 7th Main Road is Rs 17,600 per sq.ft, effective from 1 July 2024. This road 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 Main Road has changed

The guideline value for Ra Puram 7th Main Road has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 17,600 per sq.ft, which is an increase of 10% from Rs 16,000 per sq.ft in the 2023 revision. Notably, the 2012 revision also recorded a value of Rs 16,000 per sq.ft, indicating no change from 2012 to 2023.

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

Guideline values in Mylapore

In Mylapore, there are 883 streets under the Mylapore SRO that have a 2024 guideline value 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 7th Main Road's 2024 figure above that median.

• Ra Puram 7th 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 6th Main Road: Rs 17,600 per sq.ft (2024)
• Ra Puram 6th Cross Street: Rs 17,600 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 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, making the total cost for these fees Rs 15,84,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ra Puram 7th Main Road?

The Sub Registrar Office that covers Ra Puram 7th 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 in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Mylapore, the guideline value helps in calculating the applicable stamp duty and registration fees.

Frequently asked questions

What is the current guideline value of Ra Puram 7th Main Road?

The current guideline value of Ra Puram 7th 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 has been no change from 2012 to 2023, and the overall increase from 2012 to 2024 is 10%.

What is the land classification for Ra Puram 7th Main Road?

Ra Puram 7th Main Road is classified as Residential Special Type - III.

Where can I find the Mylapore Sub Registrar Office?

The Mylapore Sub Registrar Office is located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.

How is stamp duty calculated for properties in Ra Puram 7th Main Road?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 1,76,00,000 would incur a stamp duty of Rs 12,32,000 at a rate of 7%.