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Guideline Value

Corporate

Guideline Value for DR. RADHAKRISHNAN NAGAR 1ST STREET

₹5000/sq.ft.

The guideline value for Dr. Radhakrishnan Nagar 1st Street in Puliyur village (Kodambakkam SRO, Chennai zone) is Rs 5000 per sq.ft, effective 1 July 2024. It was Rs 4600 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Puliyur

Village

Kodambakkam

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹5000 /sq.ft.
From 1-4-2023 ₹4600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3082 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4600 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1200 /sq.ft.
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)

2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.
044-24843265
[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 Dr. Radhakrishnan Nagar 1st Street

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Dr. Radhakrishnan Nagar 1st Street guideline value

The current guideline value of Dr. Radhakrishnan Nagar 1st Street is Rs 5,000 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village, under the Kodambakkam SRO, and falls under the Residential Class III Type - I land classification.

How the guideline value of Dr. Radhakrishnan Nagar 1st Street has changed

The guideline value for Dr. Radhakrishnan Nagar 1st Street has undergone several revisions over the years. In 2007, the guideline value was Rs 1,200 per sq.ft, which increased significantly to Rs 4,600 per sq.ft in 2012, marking a rise of 283%. However, from 2012 to 2017, the value decreased to Rs 3,082 per sq.ft, a decline of 33%. The value then rose to Rs 4,600 per sq.ft in 2023, reflecting a 49% increase. The latest revision in 2024 set the guideline value at Rs 5,000 per sq.ft, a 9% increase from the previous year.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 317%.

Guideline values in Puliyur

In Puliyur village, there are 648 streets under the Kodambakkam SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value for these streets is Rs 5,800 per sq.ft, placing Dr. Radhakrishnan Nagar 1st Street's 2024 figure below that median.

Stamp duty and registration fee for property in Dr. Radhakrishnan Nagar 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,000 per sq.ft, the total guideline value is Rs 50,00,000. The stamp duty at 7% would amount to Rs 3,50,000, and the registration fee at 2% would be Rs 1,00,000, totaling Rs 4,50,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dr. Radhakrishnan Nagar 1st Street?

The Sub Registrar Office that covers Dr. Radhakrishnan Nagar 1st Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more details.

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

The guideline value is a critical factor during the registration of property transactions in Puliyur. It is used to determine the stamp duty and registration fees that buyers must pay when acquiring property. The value ensures that the government receives appropriate revenue from property transactions.

When selling property, the guideline value also serves as a reference point for setting the sale price. Buyers and sellers often consider the guideline value to ensure that the transaction aligns with the prevailing rates in the area.

Frequently asked questions

What is the current guideline value of Dr. Radhakrishnan Nagar 1st Street?

The current guideline value of Dr. Radhakrishnan Nagar 1st Street is Rs 5,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2007 to Rs 5,000 per sq.ft in 2024, showing an overall increase of 317%.

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

For a property valued at Rs 50,00,000, the stamp duty would be Rs 3,50,000 and the registration fee would be Rs 1,00,000, totaling Rs 4,50,000.

Which office handles registrations for Dr. Radhakrishnan Nagar 1st Street?

The Kodambakkam Sub Registrar Office handles registrations for Dr. Radhakrishnan Nagar 1st Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

What is the median guideline value in Puliyur?

The median guideline value for streets in Puliyur is Rs 5,800 per sq.ft, which is higher than the current value of Dr. Radhakrishnan Nagar 1st Street.