Guideline Value

Corporate

Guideline Value for Rathna Nagar Main Road

₹14300/sq.ft.

The guideline value for Rathna Nagar Main Road in Mylapore Part 1 village (Chennai Central Joint I 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 Special Type - Iv. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mylapore Part 1

Village

Chennai Central Joint I

SRO

Residential Special Type - IV
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 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 Rathna Nagar Main Road

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Rathna Nagar Main Road guideline value

The current guideline value of Rathna Nagar Main Road is Rs 14,300 per sq.ft, effective from 1 July 2024. This street is located in Mylapore Part 1 village and falls under the Chennai Central Joint I SRO. The land classification for this area is Residential Special Type - IV.

How the guideline value of Rathna Nagar Main Road has changed

The guideline value for Rathna Nagar Main Road has undergone several revisions over the years. The register shows no figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 13,000 per sq.ft, which increased by 10% to Rs 14,300 per sq.ft in the 2024 revision.

This increase reflects a significant adjustment in the valuation of properties along this road. The 2024 figure is now above the median guideline value of Rs 8,800 per sq.ft for the 333 streets in Mylapore Part 1 under the Chennai Central Joint I SRO.

Guideline values in Mylapore Part 1

The guideline values for properties in Mylapore Part 1 vary significantly, ranging from Rs 4,400 to Rs 25,300 per sq.ft. Rathna Nagar Main Road's 2024 figure of Rs 14,300 per sq.ft is above the median value for this area.

Stamp duty and registration fee for property in Rathna Nagar Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 14,300 per sq.ft, the total guideline value would be Rs 1,43,00,000. The stamp duty at 7% would amount to Rs 10,01,000, and the registration fee at 2% would be Rs 2,86,000, bringing the total cost to Rs 12,87,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Rathna Nagar Main Road?

The Sub Registrar Office that covers Rathna Nagar Main Road 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 1

The guideline value is a crucial factor in the registration process when buying or selling property in Mylapore Part 1. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value or the sale price is considered for calculating these fees, ensuring that the government receives the appropriate revenue from property transactions. Buyers should be aware of the current guideline values to understand the financial implications of their property dealings.

Frequently asked questions

What is the current guideline value of Rathna Nagar Main Road?

The current guideline value of Rathna Nagar Main 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 for Rathna Nagar Main Road has seen changes from Rs 13,000 per sq.ft in 2023 to Rs 14,300 per sq.ft in 2024, marking a 10% increase.

What is the land classification for Rathna Nagar Main Road?

The land classification for Rathna Nagar Main Road is Residential Special Type - IV.

Where can I find the Sub Registrar Office for Rathna Nagar Main Road?

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

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 14,300 per sq.ft, the total guideline value would be Rs 1,43,00,000, leading to a stamp duty of Rs 10,01,000.