Guideline Value for RA PURAM EAST/WEST 2ND LINK(Ayodhaya Flats)

RA PURAM EAST/WEST 2ND LINK(Ayodhaya Flats) guideline value

The current guideline value of RA PURAM EAST/WEST 2ND LINK (Ayodhaya Flats) is Rs 9,900 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village and falls under the Mylapore SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of RA PURAM EAST/WEST 2ND LINK(Ayodhaya Flats) has changed

The guideline value for RA PURAM EAST/WEST 2ND LINK (Ayodhaya Flats) has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 9,000 per sq.ft, which then decreased to Rs 6,030 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 9,000 per sq.ft in the 2023 revision, and finally, it rose to Rs 9,900 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Between the revisions, the most notable change was from 2017 to 2023, where there was a substantial increase of 49%. However, the change from 2012 to 2017 saw a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 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, with a median value of Rs 8,800 per sq.ft. The guideline value of RA PURAM EAST/WEST 2ND LINK (Ayodhaya Flats) is above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 9,900 per sq.ft, the total guideline value amounts to Rs 99,00,000. The stamp duty at 7% would be Rs 6,93,000, and the registration fee at 2% would be Rs 1,98,000, bringing the total cost for these fees to Rs 8,91,000. It is important to note that 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 more detailed calculations based on your specific property.

Which Sub Registrar Office covers RA PURAM EAST/WEST 2ND LINK(Ayodhaya Flats)?

The Sub Registrar Office that covers RA PURAM EAST/WEST 2ND LINK (Ayodhaya Flats) 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 when buying or selling property in Mylapore. It serves as a reference point for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must consider the guideline value to ensure compliance with local regulations during property transactions.

When a property is registered, the guideline value is used to calculate the total fees, which are based on the higher of the guideline value or the actual sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of RA PURAM EAST/WEST 2ND LINK(Ayodhaya Flats)?

The current guideline value of RA PURAM EAST/WEST 2ND LINK (Ayodhaya Flats) is Rs 9,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 9,000 per sq.ft in 2012 to Rs 6,030 per sq.ft in 2017, then increased to Rs 9,000 per sq.ft in 2023, and finally to Rs 9,900 per sq.ft in 2024.

What is the land classification for RA PURAM EAST/WEST 2ND LINK(Ayodhaya Flats)?

The land classification for RA PURAM EAST/WEST 2ND LINK (Ayodhaya Flats) is Residential Class III Type - I.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 99,00,000, the stamp duty would be Rs 6,93,000, and the registration fee would be Rs 1,98,000, totaling Rs 8,91,000.

Which Sub Registrar Office covers this area?

The Mylapore Sub Registrar Office covers RA PURAM EAST/WEST 2ND LINK (Ayodhaya Flats) and is located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018.