Guideline Value for ALL INDIAN RADIO 4TH STREET

All Indian Radio 4th Street guideline value

The current guideline value of All Indian Radio 4th Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Palavakkam village under the Neelankarai SRO, classified as Residential Class II Type - I.

How the guideline value of All Indian Radio 4th Street has changed

The guideline value for All Indian Radio 4th Street has undergone several revisions over the years. The 2012 revision set the value at Rs 3,500 per sq.ft, which was then reduced to Rs 2,345 per sq.ft in the 2017 revision. However, the value saw a significant increase in the following years, reaching Rs 3,500 per sq.ft in the 2023 revision, and finally being revised to Rs 3,900 per sq.ft in 2024.

Between the 2023 and 2024 revisions, there was an increase of 11%. The jump from the 2017 to the 2023 revision represented a 49% increase. Notably, the overall change from the 2012 revision to the 2024 revision shows an increase of 11%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Palavakkam

Palavakkam village has a total of 349 streets under the Neelankarai SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median guideline value in this area is Rs 3,300 per sq.ft, placing All Indian Radio 4th Street's value above the median.

• All Indian Radio 3rd Street: Rs 3,900 per sq.ft (2024)
• All India Radio Staff Colony: Rs 2,200 per sq.ft (2024)
• All Indian Radio 2nd Street: Rs 3,900 per sq.ft (2024)
• All Indian Radio 1st Street: Rs 3,900 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 4th Street

For a 1,000 sq.ft plot at the current rate of Rs 3,900 per sq.ft, the guideline value amounts to 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, totaling Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers All Indian Radio 4th Street?

The All Indian Radio 4th Street falls under 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 when registering property transactions in Palavakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these charges are based on a standardized value set by the government.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property, which can influence the negotiation process. It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of All Indian Radio 4th Street?

The current guideline value of All Indian Radio 4th Street is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,500 per sq.ft in 2023 to Rs 3,900 per sq.ft in 2024, marking an 11% increase. The value was Rs 2,345 per sq.ft in 2017 and Rs 3,500 per sq.ft in 2012, showing significant fluctuations over the years.

What is the land classification of All Indian Radio 4th Street?

All Indian Radio 4th Street is classified as Residential Class II Type - I, indicating its use for residential purposes.

What are the stamp duty and registration fees for properties on this street?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 39,00,000, the total fees would amount to Rs 3,51,000.

Where can I find the Sub Registrar Office for All Indian Radio 4th Street?

The Neelankarai Sub Registrar Office covers All Indian Radio 4th Street, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.