Guideline Value

Corporate

Guideline Value for Ramasamy 1st Steet

₹8700/sq.ft.

The guideline value for Ramasamy 1st Steet in Mylapore Part 2 village (Chennai Central Joint I SRO, Chennai zone) is Rs 8700 per sq.ft, effective 1 July 2024. It was Rs 8000 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mylapore Part 2

Village

Chennai Central Joint I

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹8700 /sq.ft.
From 1-4-2023 ₹8000 /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 Ramasamy 1st Steet

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Ramasamy 1st Steet guideline value

The current guideline value for Ramasamy 1st Steet is Rs 8,700 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 is classified as Residential Class I Type - III.

How the guideline value of Ramasamy 1st Steet has changed

The guideline value for Ramasamy 1st Steet has undergone several revisions over the years. The register does not contain figures for the years 2002, 2003, 2007, 2012, and 2017. The most recent figures show that in 2023, the guideline value was Rs 8,000 per sq.ft, which increased to Rs 8,700 per sq.ft in 2024, marking a change of +9%.

Prior to the 2023 revision, there were no figures available for the years listed. The guideline value for 2024 now stands at Rs 8,700 per sq.ft, reflecting the latest adjustment in the valuation of properties in this area.

Guideline values in Mylapore Part 2

In Mylapore Part 2, there are 332 streets under the Chennai Central Joint I SRO that have a 2024 guideline value ranging from Rs 4,400 to Rs 25,300 per sq.ft, with a median value of Rs 8,800 per sq.ft. Ramasamy 1st Steet's 2024 figure is below this median.

Stamp duty and registration fee for property in Ramasamy 1st Steet

For a 1,000 sq.ft plot at the current guideline value of Rs 8,700 per sq.ft, the total guideline value would be Rs 87,00,000. The stamp duty at 7% would amount to Rs 6,09,000, and the registration fee at 2% would be Rs 1,74,000, bringing the total to Rs 7,83,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ramasamy 1st Steet?

The Sub Registrar Office that covers Ramasamy 1st Steet is the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Mylapore Part 2. It serves as a benchmark for determining the stamp duty and registration fees applicable during the property transaction process. The guideline value reflects the government's assessment of property values in the area.

When a property is sold, the guideline value helps ensure that the transaction is registered at a fair value, which is essential for legal and taxation purposes. Buyers and sellers should be aware of the current guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Ramasamy 1st Steet?

The current guideline value of Ramasamy 1st Steet is Rs 8,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Ramasamy 1st Steet has changed from Rs 8,000 per sq.ft in 2023 to Rs 8,700 per sq.ft in 2024, reflecting a change of +9%. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value in Mylapore Part 2?

The median guideline value in Mylapore Part 2 is Rs 8,800 per sq.ft for the year 2024, with Ramasamy 1st Steet's value being below this median.

What are the stamp duty and registration fees for property in Ramasamy 1st Steet?

For a 1,000 sq.ft plot, the total guideline value is Rs 87,00,000, resulting in a stamp duty of Rs 6,09,000 and a registration fee of Rs 1,74,000, totaling Rs 7,83,000.

Where is the Sub Registrar Office for Ramasamy 1st Steet located?

The Sub Registrar Office for Ramasamy 1st Steet is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014, under the Chennai Central Joint I SRO.