Guideline Value

Corporate

Guideline Value for RAM NAGAR MAIN ROAD 6TH STREET/LANE

₹4900/sq.ft.

The guideline value for Ram Nagar Main Road 6th 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 6th Street/lane

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Ram Nagar Main Road 6th Street/Lane guideline value

The current guideline value of Ram Nagar Main Road 6th 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, classified as Residential Class V Type - II.

How the guideline value of Ram Nagar Main Road 6th Street/Lane has changed

The guideline value for Ram Nagar Main Road 6th Street/Lane has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 4,500 per sq.ft. This value decreased to Rs 3,015 per sq.ft in 2017, marking a decline of 33%. However, the most recent revision in 2024 saw a significant increase to Rs 4,900 per sq.ft, which represents a 63% rise from the 2017 revision.

Overall, comparing the 2012 and 2024 figures, there has been a modest increase of 9%. It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2023 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. The median guideline value for these streets is Rs 8,800 per sq.ft, indicating that the value for Ram Nagar Main Road 6th Street/Lane is below this median.

Stamp duty and registration fee for property in Ram Nagar Main Road 6th 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, leading to a total cost of Rs 4,41,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ram Nagar Main Road 6th Street/Lane?

The Sub Registrar Office that covers Ram Nagar Main Road 6th 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 property registration in Mylapore. It is used to determine the stamp duty and registration fees that are applicable when a property transaction occurs. Buyers and sellers must be aware of the guideline value to ensure compliance with the registration process.

When a property is bought or sold, the guideline value is referenced to calculate the financial obligations involved in the transaction. It is essential for both parties to understand that the stamp duty is charged based on the higher of the guideline value or the sale price, ensuring that the correct fees are paid during registration.

Frequently asked questions

What is the current guideline value of Ram Nagar Main Road 6th Street/Lane?

The current guideline value of Ram Nagar Main Road 6th Street/Lane is Rs 4,900 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 4,500 per sq.ft in 2012 to Rs 3,015 per sq.ft in 2017, and then increased to Rs 4,900 per sq.ft in 2024. This represents a 63% increase from 2017 to 2024 and a 9% increase overall from 2012 to 2024.

Which Sub Registrar Office is responsible for Ram Nagar Main Road 6th Street/Lane?

The Mylapore Sub Registrar Office is responsible for Ram Nagar Main Road 6th Street/Lane, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in Ram Nagar Main Road 6th Street/Lane is 7% of the guideline value or the sale price, whichever is higher.

How can I calculate the registration fees for my property?

The registration fee for properties is typically 2% of the guideline value. You can use the stamp duty and registration fee calculator to get an accurate estimate based on your property's guideline value.