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Guideline Value

Corporate

Guideline Value for RAMAKRISHNA MUTT ROAD (Venkatesa Iyar Road to Greenways Road)

₹14300/sq.ft.

The guideline value for Ramakrishna Mutt Road (venkatesa Iyar Road To Greenways Road) in Mylapore village (Mylapore SRO, Chennai zone) is Rs 14300 per sq.ft, effective 1 July 2024. It was Rs 13000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mylapore

Village

Mylapore

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹14300 /sq.ft.
From 1-4-2023 ₹13000 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹13000 /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 (venkatesa Iyar Road To Greenways Road)

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RAMAKRISHNA MUTT ROAD (Venkatesa Iyar Road to Greenways Road) guideline value

The current guideline value of RAMAKRISHNA MUTT ROAD (Venkatesa Iyar Road to Greenways Road) is Rs 14,300 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 I Type - III.

How the guideline value of RAMAKRISHNA MUTT ROAD (Venkatesa Iyar Road to Greenways Road) has changed

The guideline value for this street has seen several revisions over the years. The 2012 revision set the value at Rs 13,000 per sq.ft, which remained unchanged until the 2023 revision. In 2023, the guideline value was again Rs 13,000 per sq.ft, but a significant change occurred in 2024, when the value increased by 10% to Rs 14,300 per sq.ft.

There are no recorded figures for the revisions in 2002, 2003, 2007, and 2017 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

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. The median value for these streets is Rs 8,800 per sq.ft, placing RAMAKRISHNA MUTT ROAD (Venkatesa Iyar Road to Greenways Road) above this median.

Stamp duty and registration fee for property in RAMAKRISHNA MUTT ROAD (Venkatesa Iyar Road to Greenways Road)

For a 1,000 sq.ft plot at the current guideline value of Rs 14,300 per sq.ft, the total guideline value amounts to Rs 1,43,00,000. The stamp duty, charged at 7%, would be Rs 10,01,000, while the registration fee at 2% would be Rs 2,86,000, bringing the total fees together to Rs 12,87,000. Please note that duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers RAMAKRISHNA MUTT ROAD (Venkatesa Iyar Road to Greenways Road)?

The Sub Registrar Office that covers RAMAKRISHNA MUTT ROAD (Venkatesa Iyar Road to Greenways Road) 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 crucial factor during the registration of property transactions in Mylapore. It serves as the benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of RAMAKRISHNA MUTT ROAD (Venkatesa Iyar Road to Greenways Road)?

The current guideline value of RAMAKRISHNA MUTT ROAD (Venkatesa Iyar Road to Greenways Road) is Rs 14,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 13,000 per sq.ft in 2012 to Rs 13,000 per sq.ft in 2023, and then increased to Rs 14,300 per sq.ft in 2024. Overall, there has been a 10% increase from 2012 to 2024.

What is the classification of RAMAKRISHNA MUTT ROAD?

RAMAKRISHNA MUTT ROAD is classified as Residential Class I Type - III under the Mylapore SRO.

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.

How is the 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, for a property with a guideline value of Rs 14,300 per sq.ft, the stamp duty will be charged accordingly.