Guideline Value

Corporate

Guideline Value for RAM NAGAR MAIN ROAD 8TH STREET/LANE

₹4900/sq.ft.

The guideline value for Ram Nagar Main Road 8th 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 8th Street/lane

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Ram Nagar Main Road 8th Street/Lane guideline value

The current guideline value of Ram Nagar Main Road 8th 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 falls under the Residential Class V Type - II land classification.

How the guideline value of Ram Nagar Main Road 8th Street/Lane has changed

Looking at the historical revisions, the guideline value for Ram Nagar Main Road 8th Street/Lane was Rs 4,500 per sq.ft in 2012. This figure decreased to Rs 3,015 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2024, the guideline value saw a significant increase of 63%, bringing it to the current rate of Rs 4,900 per sq.ft.

There are no figures available for the revisions in 2023, 2007, 2003, and 2002 for this street. Overall, when comparing the 2012 and 2024 revisions, there has been a slight increase of 9% in the guideline value.

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 Ram Nagar Main Road 8th Street/Lane is below this median.

Stamp duty and registration fee for property in Ram Nagar Main Road 8th 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, making the total fees Rs 4,41,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Ram Nagar Main Road 8th Street/Lane?

The Sub Registrar Office covering Ram Nagar Main Road 8th 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 in the registration process when buying or selling property in Mylapore. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. 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 8th Street/Lane?

The current guideline value of Ram Nagar Main Road 8th Street/Lane is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has seen fluctuations, decreasing from Rs 4,500 per sq.ft in 2012 to Rs 3,015 per sq.ft in 2017, before increasing to Rs 4,900 per sq.ft in 2024.

What is the land classification for Ram Nagar Main Road 8th Street/Lane?

Ram Nagar Main Road 8th Street/Lane is classified under Residential Class V Type - II.

Where can I find the Sub Registrar Office for this area?

The Mylapore Sub Registrar Office, which covers Ram Nagar Main Road 8th Street/Lane, is located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.

How is stamp duty calculated for properties in Mylapore?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 49,00,000 would incur a stamp duty of Rs 3,43,000 at 7%.