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Guideline Value

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Guideline Value for RAM NAGAR MAIN ROAD 10TH STREET / LANE

₹4900/sq.ft.

The guideline value for Ram Nagar Main Road 10th Street / Lane in Mylapore village (Mylapore SRO, Chennai zone) is Rs 4900 per sq.ft, effective 1 July 2024. It was Rs 4500 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class V Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mylapore

Village

Mylapore

SRO

Residential Class V Type - II
History
Period Guideline Value
From 1-7-2024 ₹4900 /sq.ft.
From 1-4-2023 ₹4500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3015 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony ,cresent Street Alwarpet,chennai -600018
044-24640344
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Ram Nagar Main Road 10th Street / Lane

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Ram Nagar Main Road 10th Street / Lane guideline value

The current guideline value of Ram Nagar Main Road 10th Street / Lane is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village, covered by the Mylapore SRO, and falls under the Residential Class V Type - II land classification.

How the guideline value of Ram Nagar Main Road 10th Street / Lane has changed

The guideline value for Ram Nagar Main Road 10th Street / Lane has undergone several revisions over the years. In 2012, the guideline value was Rs 4,500 per sq.ft, which decreased to Rs 3,015 per sq.ft in 2017. This marked a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 4,500 per sq.ft, reflecting a rise of 49%. The latest revision in 2024 set the value at Rs 4,900 per sq.ft, an increase of 9% from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 9%.

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 for Ram Nagar Main Road 10th Street / Lane is below this median.

Stamp duty and registration fee for property in Ram Nagar Main Road 10th Street / Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value would be Rs 49,00,000. The stamp duty at 7% would amount to Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, resulting in a total of Rs 4,41,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ram Nagar Main Road 10th Street / Lane?

The Sub Registrar Office that covers Ram Nagar Main Road 10th Street / Lane 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 critical factor when buying or selling property in Mylapore, as it determines the minimum value at which a property can be registered. This value is used to calculate stamp duty and registration fees, ensuring that the transaction is in compliance with local regulations.

When a property is sold, the buyer must pay stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ram Nagar Main Road 10th Street / Lane?

The current guideline value of Ram Nagar Main Road 10th Street / Lane is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, starting from Rs 4,500 per sq.ft in 2012, dropping to Rs 3,015 per sq.ft in 2017, and then rising to Rs 4,500 per sq.ft in 2023. The latest revision in 2024 set it at Rs 4,900 per sq.ft.

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

For a property valued at Rs 49,00,000, the stamp duty would be Rs 3,43,000 and the registration fee would be Rs 98,000, totaling Rs 4,41,000. This is calculated based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers this street?

The Mylapore Sub Registrar Office covers Ram Nagar Main Road 10th Street / Lane, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.

What is the land classification for this street?

Ram Nagar Main Road 10th Street / Lane falls under the Residential Class V Type - II land classification, indicating its primary use for residential purposes.