Guideline Value for RAMAKRISHNA NAGAR 4TH CROSS STREET

Ramakrishna Nagar 4th Cross Street guideline value

The current guideline value of Ramakrishna Nagar 4th Cross Street is Rs 11,500 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village, under the Mylapore SRO. The land classification for this area is Residential Class II Type - III.

How the guideline value of Ramakrishna Nagar 4th Cross Street has changed

In the revision of 2012, the guideline value was Rs 10,500 per sq.ft. This figure remained until the 2024 revision, which increased the value by 10% to Rs 11,500 per sq.ft. The register has no figure for the years 2023, 2017, 2007, 2003, and 2002 for this street.

Comparing the revisions, the increase from 2012 to 2024 reflects a significant adjustment in the guideline value. The previous figures from 2012 and earlier revisions are not available for this street, indicating a lack of recorded changes in those years.

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 Nagar 4th Cross Street is above this median, indicating its relative positioning within the area.

• Ramakrishna Nagar 3rd Cross Street: Rs 11,500 per sq.ft (2024)
• Ramakrishna Nagar 2nd Main Road: Rs 11,500 per sq.ft (2024)
• Ramakrishna Nagar 2nd Cross Street: Rs 11,500 per sq.ft (2024)
• Ramakrishna Nagar 1st Main Road: Rs 11,500 per sq.ft (2024)
• Ramakrishna Nagar 1st Cross Street: Rs 11,500 per sq.ft (2024)
• Ramakrishna Nagar: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in Ramakrishna Nagar 4th Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 11,500 per sq.ft, the guideline value amounts to Rs 1,15,00,000. The stamp duty at 7% would be Rs 8,05,000, and the registration fee at 2% would be Rs 2,30,000, totaling Rs 10,35,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ramakrishna Nagar 4th Cross Street?

The Sub Registrar Office that covers Ramakrishna Nagar 4th Cross 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 a crucial factor when registering property transactions in Mylapore. It serves as a benchmark for determining the minimum price at which a property can be sold or purchased, ensuring that the transaction is recorded at a value that reflects the area's standards.

When buyers and sellers engage in a property transaction, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that all transactions are transparent and comply with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Ramakrishna Nagar 4th Cross Street?

The current guideline value of Ramakrishna Nagar 4th Cross Street is Rs 11,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 10,500 per sq.ft in 2012 to Rs 11,500 per sq.ft in 2024, representing a 10% increase. There are no recorded figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

What is the land classification for Ramakrishna Nagar 4th Cross Street?

The land classification for Ramakrishna Nagar 4th Cross Street is Residential Class II Type - III, indicating its designation for residential use.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 1,15,00,000 would incur a stamp duty of Rs 8,05,000 at a rate of 7%.

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

The Sub Registrar Office for Ramakrishna Nagar 4th Cross Street is located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018. You can find more details by visiting the relevant link.