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Guideline Value

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Guideline Value for RAM NAGAR MAIN ROAD 3RD STREET/LANE

₹4900/sq.ft.

The guideline value for Ram Nagar Main Road 3rd Street/lane in Mylapore village (Mylapore SRO, Chennai zone) is Rs 4900 per sq.ft, effective 1 July 2024. 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 N/A
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 3rd Street/lane

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Ram Nagar Main Road 3rd Street/Lane guideline value

The current guideline value of Ram Nagar Main Road 3rd Street/Lane is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village, under the Mylapore SRO, and is classified as Residential Class V Type - II.

How the guideline value of Ram Nagar Main Road 3rd Street/Lane has changed

In the 2012 revision, the guideline value was Rs 4,500 per sq.ft, which decreased to Rs 3,015 per sq.ft in the 2017 revision. This represents a decline of 33%. However, from 2017 to the 2024 revision, the value increased significantly to Rs 4,900 per sq.ft, marking a rise of 63%. Overall, from 2012 to 2024, the guideline value has increased by 9%.

The register has no figure for Ram Nagar Main Road 3rd Street/Lane in the years 2023, 2007, 2003, and 2002.

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, with a median value of Rs 8,800 per sq.ft. The guideline value for Ram Nagar Main Road 3rd Street/Lane is below this median.

Stamp duty and registration fee for property in Ram Nagar Main Road 3rd Street/Lane

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 49,00,000. The stamp duty at 7% would be Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, totaling 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 3rd Street/Lane?

The Sub Registrar Office that covers Ram Nagar Main Road 3rd 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 plays a crucial role during the registration process of property transactions in Mylapore. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value is assessed alongside the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Ram Nagar Main Road 3rd Street/Lane?

The current guideline value of Ram Nagar Main Road 3rd 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 changed from Rs 4,500 per sq.ft in 2012 to Rs 3,015 per sq.ft in 2017, then increased to Rs 4,900 per sq.ft in 2024. This represents a 33% decrease from 2012 to 2017, followed by a 63% increase from 2017 to 2024.

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.

What is the range of guideline values in Mylapore?

The guideline values in Mylapore range from Rs 3,300 to Rs 25,800 per sq.ft, with a median value of Rs 8,800 per sq.ft. Ram Nagar Main Road 3rd Street/Lane's guideline value is below this median.

How is stamp duty calculated for properties in Ram Nagar Main Road 3rd Street/Lane?

Stamp duty is calculated based on the higher value between the guideline value and the sale price of the property. For example, for a property valued at Rs 49,00,000, the stamp duty would be calculated accordingly, along with registration fees.