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Guideline Value

Corporate

Guideline Value for DR. RADHAKRISHNAN NAGAR 2 ND STREET

₹5000/sq.ft.

The guideline value for Dr. Radhakrishnan Nagar 2 Nd 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 2 Nd Street

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Dr. Radhakrishnan Nagar 2 Nd Street guideline value

The current guideline value of Dr. Radhakrishnan Nagar 2 Nd 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 it falls under the Residential Class III Type - I land classification.

How the guideline value of Dr. Radhakrishnan Nagar 2 Nd Street has changed

The guideline value for Dr. Radhakrishnan Nagar 2 Nd Street has seen 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, representing a 49% increase. As of the 2024 revision, the guideline value stands at Rs 5,000 per sq.ft, reflecting a 9% increase from the previous year.

It is important to note that there are no figures available 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, 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, with a median value of Rs 5,800 per sq.ft. The guideline value of Dr. Radhakrishnan Nagar 2 Nd Street is below this median.

Stamp duty and registration fee for property in Dr. Radhakrishnan Nagar 2 Nd Street

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

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

Which Sub Registrar Office covers Dr. Radhakrishnan Nagar 2 Nd Street?

The Sub Registrar Office that covers Dr. Radhakrishnan Nagar 2 Nd 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 information.

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

The guideline value is a critical factor when registering property transactions in Puliyur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property. Buyers and sellers must be aware that the registration process will consider the guideline value or the sale price, whichever is higher.

Understanding the guideline value is essential for both buyers and sellers to ensure compliance with local regulations and to accurately calculate the associated costs during property transactions.

Frequently asked questions

What is the current guideline value for Dr. Radhakrishnan Nagar 2 Nd Street?

The current guideline value for Dr. Radhakrishnan Nagar 2 Nd 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 significantly over the years, from Rs 1,200 per sq.ft in 2007 to Rs 5,000 per sq.ft in 2024, marking an overall increase of 317%.

What are the other streets in Puliyur with the same guideline value?

Other streets in Puliyur that share the same guideline value of Rs 5,000 per sq.ft in 2024 include Dr. Radhakrishnan Nagar 1st Street, Dr. Radhakrishnan Nagar 3 Rd Street, Dr. Radhakrishnan Nagar, Dr. Rajendraprasad II Street, and Dr. Rajendraprasad I Street.

What is the registration fee for properties in this area?

The registration fee is calculated at 2% of the guideline value. For instance, for a property valued at Rs 50,00,000, the registration fee would be Rs 1,00,000.

Where can I find the Kodambakkam Sub Registrar Office?

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. This office handles the registration of properties in the area.