Guideline Value

Corporate

Guideline Value for RAM NAGAR MAIN ROAD/1ST STREET

₹4900/sq.ft.

The guideline value for Ram Nagar Main Road/1st Street 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 N/A
From 1-4-2012 To 8-6-2017 ₹4500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1200 /sq.ft.
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/1st Street

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Ram Nagar Main Road/1st Street guideline value

The current guideline value of Ram Nagar Main Road/1st Street is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village, under the jurisdiction of the Mylapore SRO, with a land classification of Residential Class V Type - II.

How the guideline value of Ram Nagar Main Road/1st Street has changed

The guideline value for Ram Nagar Main Road/1st Street has undergone several revisions since 2007. The 2007 revision set the value at Rs 1,200 per sq.ft, which saw a significant increase to Rs 4,500 per sq.ft in the 2012 revision, marking a change of +275%. The latest revision in 2024 has further increased the value to Rs 4,900 per sq.ft, reflecting a +9% change from the 2012 figure.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by +308%. It is important to note that there are no figures available for the years 2002, 2003, 2017, and 2023 in the register 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 Ram Nagar Main Road/1st Street is below this median.

Stamp duty and registration fee for property in Ram Nagar Main Road/1st Street

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 cost for these fees Rs 4,41,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ram Nagar Main Road/1st Street?

The Sub Registrar Office that covers Ram Nagar Main Road/1st Street 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 an essential factor when registering property transactions in Mylapore. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of a property.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. 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/1st Street?

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

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 1,200 per sq.ft to Rs 4,900 per sq.ft in 2024, reflecting an overall increase of +308%.

What are the other streets in Mylapore with the same guideline value?

Other streets in Mylapore with the same guideline value of Rs 4,900 per sq.ft in 2024 include Ram Nagar Main Road 10th Street, Ram Nagar Main Road/2nd Street, Ram Nagar Main Road 3rd Street/Lane, Ram Nagar Main Road 4th Street/Lane, Ram Nagar Main Road 5th Street/Lane, and Ram Nagar Main Road 6th Street/Lane.

Where can I find the Sub Registrar Office for Ram Nagar Main Road/1st Street?

The Sub Registrar Office for Ram Nagar Main Road/1st Street is the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018.

How is the stamp duty calculated for properties in Ram Nagar Main Road/1st Street?

The stamp duty for properties is calculated based on the higher of the guideline value or the sale price. For example, for a property with a guideline value of Rs 49,00,000, the stamp duty at 7% would be Rs 3,43,000.