Guideline Value for DR. RADHAKRISHNAN ROAD

Dr. Radhakrishnan Road guideline value

The current guideline value of Dr. Radhakrishnan Road is Rs 1,200 per sq.ft, effective from 1 July 2024. This road is located in Manali village, under the Thiruvottiyur SRO, and is classified as Residential Special Type - II.

How the guideline value of Dr. Radhakrishnan Road has changed

The guideline value for Dr. Radhakrishnan Road has seen several revisions over the years. Starting from Rs 90 per sq.ft in 2002, it increased to Rs 106 per sq.ft in 2003, marking an 18% rise. By 2007, the value surged to Rs 200 per sq.ft, showing an increase of 89%. The 2012 revision brought the value to Rs 1,100 per sq.ft, a significant jump of 450%. However, this was followed by a decrease to Rs 737 per sq.ft in 2017, reflecting a decline of 33%. The value then rose to Rs 1,100 per sq.ft in 2023, before reaching the current figure of Rs 1,200 per sq.ft in 2024, which is a 9% increase.

Overall, from 2002 to 2024, the guideline value has increased by 1,233%. There are no figures available for the revisions in years other than those specified.

Guideline values in Manali

In Manali village, there are 84 streets under the Thiruvottiyur SRO that carry a guideline value for 2024, ranging from Rs 1,001 to Rs 3,300 per sq.ft. The median value is Rs 1,200 per sq.ft, which is equal to the current guideline value of Dr. Radhakrishnan Road.

• Dr. Rajendra Prasad Street: Rs 1,200 per sq.ft (2024)
• Dr. New M.G.R. Nagar: Rs 1,200 per sq.ft (2024)
• Dr. Ambetkar Street / Nagar: Rs 1,500 per sq.ft (2024)
• Duraiswamy Iyar Street: Rs 1,200 per sq.ft (2024)
• Duraiswamy Street: Rs 1,200 per sq.ft (2024)
• Ekambara Pillai Street: Rs 1,200 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000. The stamp duty at 7% would amount to Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total to Rs 1,08,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dr. Radhakrishnan Road?

The Sub Registrar Office that covers Dr. Radhakrishnan Road is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Manali. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the sale price.

When a property is registered, the guideline value serves as a benchmark to ensure that the transaction is recorded accurately and transparently. This helps in maintaining a fair pricing structure within the real estate market.

Frequently asked questions

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

The current guideline value of Dr. Radhakrishnan Road is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 90 per sq.ft in 2002 to Rs 1,200 per sq.ft in 2024, reflecting an overall increase of 1,233% over the years.

What is the land classification for Dr. Radhakrishnan Road?

Dr. Radhakrishnan Road is classified as Residential Special Type - II.

What are the stamp duty and registration fees for property in Dr. Radhakrishnan Road?

For a 1,000 sq.ft plot, the total guideline value is Rs 12,00,000. The stamp duty would be Rs 84,000, and the registration fee would be Rs 24,000, totaling Rs 1,08,000.

Where is the Sub Registrar Office for Dr. Radhakrishnan Road located?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.