Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for Ramalingeswarar Koil Lane

₹7700/sq.ft.

The guideline value for Ramalingeswarar Koil Lane 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 Ramalingeswarar Koil Lane

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

Ramalingeswarar Koil Lane guideline value

The current guideline value of Ramalingeswarar Koil Lane 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 falls under the Residential Class II Type - I land classification.

How the guideline value of Ramalingeswarar Koil Lane has changed

The guideline value for Ramalingeswarar Koil Lane has undergone several revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 7,000 per sq.ft, which increased to Rs 7,700 per sq.ft in the 2024 revision, marking a change of +10%.

For the 2024 revision, the guideline value of Rs 7,700 per sq.ft is the latest figure available. The previous revision in 2023 was Rs 7,000 per sq.ft, indicating a significant increase in the value for this street.

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 value for these streets is Rs 8,800 per sq.ft, which means Ramalingeswarar Koil Lane's 2024 figure is below that median.

Stamp duty and registration fee for property in Ramalingeswarar Koil Lane

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, while 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 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 detailed calculations.

Which Sub Registrar Office covers Ramalingeswarar Koil Lane?

The Sub Registrar Office that covers Ramalingeswarar Koil Lane is the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role when buying or selling property in Mylapore Part 2. It serves as the basis for calculating stamp duty and registration fees, which are essential costs in the property transaction process.

When a property is registered, the guideline value is considered to ensure that the transaction reflects a fair value for taxation purposes. This means that buyers should be aware of the guideline value to understand the additional costs involved in their property transactions.

Frequently asked questions

What is the current guideline value of Ramalingeswarar Koil Lane?

The current guideline value of Ramalingeswarar Koil Lane 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 Ramalingeswarar Koil Lane was Rs 7,000 per sq.ft in 2023 and increased to Rs 7,700 per sq.ft in 2024, reflecting a 10% increase. The register does not contain figures for the years 2002, 2003, 2007, 2012, and 2017.

What are the stamp duty and registration fees for properties in this area?

For a property valued at 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. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations for Ramalingeswarar Koil Lane?

The Chennai Central Joint I Sub Registrar Office handles property registrations for Ramalingeswarar Koil Lane. The office is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

What is the significance of the guideline value in property transactions?

The guideline value is significant as it determines the stamp duty and registration fees applicable during property transactions. It ensures that the transaction is recorded at a value that reflects the market conditions for taxation purposes.