Guideline Value for DR RADHAKRISHNAN STREET

Dr Radhakrishnan Street guideline value

The current guideline value of Dr Radhakrishnan Street is Rs 990 per sq.ft, effective from 1 July 2024. This street is located in Tiruttani village under the Thiruttani SRO, and it falls under the land classification of Commercial Class I Type - II.

How the guideline value of Dr Radhakrishnan Street has changed

The guideline value for Dr Radhakrishnan Street has seen several revisions over the years. The 2017 revision set the value at Rs 603 per sq.ft, which increased to Rs 900 per sq.ft in the 2023 revision. The most recent 2024 revision raised the guideline value to Rs 990 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has risen by 64%.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street. This lack of data means we cannot assess any changes during those years. However, the significant jumps between the available revisions highlight the evolving value of this property area.

Guideline values in Tiruttani

In Tiruttani, there are 160 streets under the Thiruttani SRO that carry a 2024 guideline value ranging from Rs 548 to Rs 1,540 per sq.ft, with a median value of Rs 825 per sq.ft. The guideline value of Dr Radhakrishnan Street is above this median, reflecting its commercial classification.

• Durgaiamman Koil Street: Rs 825 per sq.ft (2024)
• Gandhi Raod 1st Lane: Rs 770 per sq.ft (2024)
• Gandhi Road: Rs 770 per sq.ft (2024)
• Gandhi Road 2nd Lane: Rs 770 per sq.ft (2024)
• Gandhi Road 3rd Lane: Rs 770 per sq.ft (2024)
• Chitoor Road (Kamala Theatre To Church Kalvettu): Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Dr Radhakrishnan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value amounts to Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, bringing the total cost for these fees to Rs 89,100. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Dr Radhakrishnan Street?

The Sub Registrar Office that covers Dr Radhakrishnan Street is the Thiruttani Sub Registrar Office, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Tiruttani. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Dr Radhakrishnan Street?

The current guideline value of Dr Radhakrishnan Street is Rs 990 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 603 per sq.ft to Rs 990 per sq.ft, representing an overall increase of 64% over the seven years.

What is the median guideline value for streets in Tiruttani?

The median guideline value for streets in Tiruttani is Rs 825 per sq.ft, based on the 2024 figures for 160 streets under the Thiruttani SRO.

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

The stamp duty is charged at 7% of the higher of the guideline value or the sale price, while the registration fee is 2%. For example, a 1,000 sq.ft plot at Rs 990 per sq.ft incurs a total of Rs 89,100 in fees.

Where can I find the Sub Registrar Office for Dr Radhakrishnan Street?

The Thiruttani Sub Registrar Office covers Dr Radhakrishnan Street and is located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone.