Guideline Value

Corporate

Guideline Value for Ramalingam Street

₹7700/sq.ft.

The guideline value for Ramalingam Street in Mylapore Part 2 village (Chennai Central Joint I SRO, Chennai zone) is Rs 7700 per sq.ft, effective 1 July 2024. It was Rs 7000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mylapore Part 2

Village

Chennai Central Joint I

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹7700 /sq.ft.
From 1-4-2023 ₹7000 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 N/A
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.182 Bharati Salai(pycrafts Road) Royapettah, Chennai-600014
044-28613608
[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 Ramalingam Street

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Ramalingam Street guideline value

The current guideline value of Ramalingam Street is Rs 7,700 per sq.ft, effective from 1 July 2024. This street is located in Mylapore Part 2 village under the Chennai Central Joint I SRO, and it falls under the Residential Class II Type - I land classification.

How the guideline value of Ramalingam Street has changed

According to the register, there are no figures available for Ramalingam Street for the years 2002, 2003, 2007, 2012, and 2017. The guideline value was Rs 7,000 per sq.ft in the 2023 revision, and it has increased to Rs 7,700 per sq.ft in the 2024 revision, marking a change of +10%.

The 2024 revision reflects the current market conditions, and it is important to note that the previous revisions do not provide any figures for this street. The guideline value has seen a significant increase from the 2023 figure to the 2024 figure.

Guideline values in Mylapore Part 2

In Mylapore Part 2, there are 332 streets under the Chennai Central Joint I SRO that carry a 2024 guideline value, ranging from Rs 4,400 to Rs 25,300 per sq.ft. The median guideline value for these streets is Rs 8,800 per sq.ft, placing Ramalingam Street's 2024 figure below that median.

Stamp duty and registration fee for property in Ramalingam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,700 per sq.ft, the total guideline value amounts to Rs 77,00,000. The stamp duty at 7% would be Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000, bringing the total charges to Rs 6,93,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher.

You can calculate your own charges using our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ramalingam Street?

The Sub Registrar Office that covers Ramalingam Street is the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Mylapore Part 2

The guideline value serves as a benchmark for property transactions in Mylapore Part 2. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that the transaction adheres to the legal requirements set by the registration department.

It is essential for buyers and sellers to be aware of the guideline value, as it impacts the overall cost of the transaction. Accurate knowledge of the guideline value can help in making informed decisions during property dealings.

Frequently asked questions

What is the current guideline value of Ramalingam Street?

The current guideline value of Ramalingam Street is Rs 7,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Ramalingam Street was Rs 7,000 per sq.ft in 2023 and increased to Rs 7,700 per sq.ft in 2024, representing a change of +10%. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value for streets in Mylapore Part 2?

The median guideline value for streets in Mylapore Part 2 is Rs 8,800 per sq.ft. Ramalingam Street's 2024 figure is below this median.

What are the stamp duty and registration fees for a property on Ramalingam Street?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 77,00,000. The stamp duty would be Rs 5,39,000, and the registration fee would be Rs 1,54,000, totaling Rs 6,93,000.

Where can I find the Sub Registrar Office for Ramalingam Street?

The Sub Registrar Office for Ramalingam Street is the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.