Guideline Value for ALL INDIAN RADIO 3RD STREET

All Indian Radio 3rd Street guideline value

The current guideline value of All Indian Radio 3rd Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Palavakkam village, under the Neelankarai SRO, and is classified as Residential Class II Type - I.

How the guideline value of All Indian Radio 3rd Street has changed

In the 2012 revision, the guideline value was Rs 3,500 per sq.ft. This value decreased to Rs 2,345 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 3,500 per sq.ft, representing a 49% rise. The most recent revision in 2024 set the value at Rs 3,900 per sq.ft, which is an increase of 11% from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 11%.

Guideline values in Palavakkam

Palavakkam has a total of 349 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, placing All Indian Radio 3rd Street's 2024 figure above that median.

• All Indian Radio 2nd Street: Rs 3,900 per sq.ft (2024)
• All Indian Radio 4th Street: Rs 3,900 per sq.ft (2024)
• All Indian Radio 1st Street: Rs 3,900 per sq.ft (2024)
• All India Radio Staff Colony: Rs 2,200 per sq.ft (2024)
• A.M.Ali Street: Rs 1,700 per sq.ft (2024)
• Ambedkar 1st Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in All Indian Radio 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value would be Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total to Rs 3,51,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers All Indian Radio 3rd Street?

The Sub Registrar Office that covers All Indian Radio 3rd Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Palavakkam

The guideline value is a crucial factor in property transactions in Palavakkam, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with registration requirements and to avoid any legal complications during the transfer of property ownership.

Frequently asked questions

What is the current guideline value of All Indian Radio 3rd Street?

The current guideline value of All Indian Radio 3rd Street is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has changed from Rs 3,500 per sq.ft in 2012 to Rs 2,345 per sq.ft in 2017, then back to Rs 3,500 per sq.ft in 2023, and finally to Rs 3,900 per sq.ft in 2024.

What is the land classification for All Indian Radio 3rd Street?

All Indian Radio 3rd Street is classified as Residential Class II Type - I.

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

The stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher, and the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for All Indian Radio 3rd Street?

The Neelankarai Sub Registrar Office covers All Indian Radio 3rd Street and is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.