Guideline Value for DR. RADHAKRISHNAN SALAI

Dr. Radhakrishnan Salai guideline value

The current guideline value of Dr. Radhakrishnan Salai is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Arumbakkam village under the Kodambakkam SRO, and it falls under the Residential Class V Type - I land classification.

How the guideline value of Dr. Radhakrishnan Salai has changed

The guideline value for Dr. Radhakrishnan Salai has undergone several revisions over the years. In 2002, the guideline value was Rs 414 per sq.ft, which increased to Rs 456 per sq.ft in 2003. Following this, the value rose significantly to Rs 700 per sq.ft in 2007, and then to Rs 3,000 per sq.ft in 2012. However, it saw a decrease to Rs 2,010 per sq.ft in 2017. The value then increased to Rs 3,000 per sq.ft in 2023, and the most recent revision in 2024 set it at Rs 3,300 per sq.ft.

Between the revisions, there have been notable changes. The guideline value increased by 10% from 2023 to 2024. From 2017 to 2023, it saw a significant increase of 49%. The value decreased by 33% from 2012 to 2017. The jump from 2007 to 2012 was remarkable at 329%, while the increase from 2003 to 2007 was 54%. Finally, the value rose by 10% from 2002 to 2003. Overall, from 2002 to 2024, the guideline value has increased by 697%.

Guideline values in Arumbakkam

In Arumbakkam, there are a total of 391 streets under the Kodambakkam SRO that have a 2024 guideline value ranging from Rs 3,300 to Rs 16,500 per sq.ft, with a median value of Rs 6,000 per sq.ft. The guideline value for Dr. Radhakrishnan Salai is below this median.

• Dr. Mu.Va.Road: Rs 6,000 per sq.ft (2024)
• Dr. Ambedkar Street: Rs 4,700 per sq.ft (2024)
• Duraswamy Colony: Rs 6,000 per sq.ft (2024)
• Duraswamy Raja Street: Rs 5,500 per sq.ft (2024)
• Durga Street: Rs 5,500 per sq.ft (2024)
• Eswari Nagar: Rs 3,300 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Dr. Radhakrishnan Salai?

The Sub Registrar Office that covers Dr. Radhakrishnan Salai 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 Arumbakkam

The guideline value is a crucial factor when registering property transactions in Arumbakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider the guideline value to ensure compliance with registration norms and to calculate applicable duties and fees.

When a property is sold, the guideline value influences the stamp duty and registration fees that need to be paid. This value is used to assess the financial implications of the transaction, ensuring that both parties are aware of the costs involved in the registration process.

Frequently asked questions

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

The current guideline value of Dr. Radhakrishnan Salai is Rs 3,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 414 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 697% over this period.

What are the stamp duty and registration fees for properties in Dr. Radhakrishnan Salai?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

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

The Kodambakkam Sub Registrar Office covers Dr. Radhakrishnan Salai and is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

What is the land classification for Dr. Radhakrishnan Salai?

Dr. Radhakrishnan Salai falls under the Residential Class V Type - I land classification.