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Guideline Value

Corporate

Guideline Value for RAMAKRISHNA MUTT ROAD (Luz Church Road to Venkatesa Agraharam)

₹15400/sq.ft.

The guideline value for Ramakrishna Mutt Road (luz Church Road To Venkatesa Agraharam) in Mylapore village (Mylapore SRO, Chennai zone) is Rs 15400 per sq.ft, effective 1 July 2024. It was Rs 14000 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mylapore

Village

Mylapore

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹15400 /sq.ft.
From 1-4-2023 ₹14000 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹14000 /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 Ramakrishna Mutt Road (luz Church Road To Venkatesa Agraharam)

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RAMAKRISHNA MUTT ROAD (Luz Church Road to Venkatesa Agraharam) guideline value

The current guideline value of RAMAKRISHNA MUTT ROAD (Luz Church Road to Venkatesa Agraharam) is Rs 15,400 per sq.ft, effective from 1 July 2024. This road is located in Mylapore village, under the Mylapore SRO, and is classified as Commercial Class I Type - I.

How the guideline value of RAMAKRISHNA MUTT ROAD (Luz Church Road to Venkatesa Agraharam) has changed

In the 2012 revision, the guideline value was Rs 14,000 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 14,000 per sq.ft. However, in the 2024 revision, the guideline value increased by 10% to Rs 15,400 per sq.ft. The overall change from the 2012 to the 2024 revision is an increase of 10%.

The register has no figures for the years 2002, 2003, 2007, and 2017 for this street. Therefore, the only revisions available for reference are from 2012, 2023, and 2024.

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 RAMAKRISHNA MUTT ROAD (Luz Church Road to Venkatesa Agraharam) is above this median.

Stamp duty and registration fee for property in RAMAKRISHNA MUTT ROAD (Luz Church Road to Venkatesa Agraharam)

For a 1,000 sq.ft plot at the current guideline value of Rs 15,400 per sq.ft, the total guideline value would be Rs 1,54,00,000. The stamp duty at 7% would amount to Rs 10,78,000, and the registration fee at 2% would be Rs 3,08,000, bringing the total to Rs 13,86,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers RAMAKRISHNA MUTT ROAD (Luz Church Road to Venkatesa Agraharam)?

The Sub Registrar Office that covers RAMAKRISHNA MUTT ROAD (Luz Church Road to Venkatesa Agraharam) 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. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a buyer and seller agree on a sale price, the higher of the sale price and the guideline value is used to calculate the stamp duty. This ensures that the transaction is recorded accurately, and all legal requirements are met during the registration process.

Frequently asked questions

What is the current guideline value of RAMAKRISHNA MUTT ROAD (Luz Church Road to Venkatesa Agraharam)?

The current guideline value of RAMAKRISHNA MUTT ROAD (Luz Church Road to Venkatesa Agraharam) is Rs 15,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 14,000 per sq.ft in 2012 to Rs 14,000 per sq.ft in 2023, and then increased to Rs 15,400 per sq.ft in 2024, marking a 10% increase from 2023 to 2024.

What is the land classification of RAMAKRISHNA MUTT ROAD?

RAMAKRISHNA MUTT ROAD is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.

What is the role of the Mylapore SRO?

The Mylapore SRO is responsible for maintaining the guideline value register and overseeing property registrations in the Mylapore area, ensuring compliance with local regulations.

How do I calculate stamp duty and registration fees?

Stamp duty is calculated at 7% of the higher of the guideline value or the sale price, while the registration fee is charged at 2%. You can use the stamp duty and registration fee calculator for precise calculations.