Guideline Value for DR. RADHAKRISHNAN NAGAR

Dr. Radhakrishnan Nagar guideline value

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

How the guideline value of Dr. Radhakrishnan Nagar has changed

The guideline value for Dr. Radhakrishnan Nagar has seen several revisions over the years. The 2007 revision set the value at Rs 1,200 per sq.ft, which increased significantly to Rs 4,600 per sq.ft in 2012. However, the value dropped by 33% to Rs 3,082 per sq.ft in the 2017 revision. Following this, the value rose to Rs 4,600 per sq.ft in 2023, and finally, the current value is Rs 5,000 per sq.ft as per the 2024 revision.

Notably, the changes between these revisions are significant. From 2007 to 2012, there was a remarkable increase of 283%. However, the value decreased by 33% from 2012 to 2017. The subsequent revisions saw an increase of 49% from 2017 to 2023 and a further rise of 9% from 2023 to 2024, resulting in an overall increase of 317% from 2007 to 2024.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO, with the 2024 guideline values 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 below this median.

• Dr. Radhakrishnan Nagar 1st Street: Rs 5,000 per sq.ft (2024)
• Dr. Radhakrishnan Nagar 2 Nd Street: Rs 5,000 per sq.ft (2024)
• Dr. Radhakrishnan Nagar 3 Rd Street: Rs 5,000 per sq.ft (2024)
• Dr. Rajendraprasad II Street: Rs 5,000 per sq.ft (2024)
• Dr. Rajendraprasad I Street: Rs 5,000 per sq.ft (2024)
• Dr. Subbarao Nagar, Ch-24: Rs 5,800 per sq.ft (2024)

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

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 amount to Rs 3,50,000, and the registration fee at 2% would be Rs 1,00,000, bringing the total to Rs 4,50,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Dr. Radhakrishnan Nagar?

Dr. Radhakrishnan Nagar is covered by 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 crucial factor during the registration of property transactions in Puliyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property registration.

When buying or selling a property, the guideline value ensures that the transaction is recorded at a standard value, which helps in maintaining transparency and consistency in property dealings. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

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

The current guideline value of Dr. Radhakrishnan Nagar 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 multiple times, starting from Rs 1,200 per sq.ft in 2007 to Rs 5,000 per sq.ft in 2024, with various increases and decreases in between.

What is the median guideline value in Puliyur?

The median guideline value for streets in Puliyur is Rs 5,800 per sq.ft, while Dr. Radhakrishnan Nagar's current value is below this median.

What are the stamp duty rates for property in Dr. Radhakrishnan Nagar?

The stamp duty rate for property transactions in Dr. Radhakrishnan Nagar is 7%, along with a registration fee of 2% on the guideline value or sale price, whichever is higher.

Which office handles property registrations in Dr. Radhakrishnan Nagar?

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