Guideline Value for Dr Radhakrishnan Road

Dr Radhakrishnan Road guideline value

The current guideline value of Dr Radhakrishnan Road is Rs 1,980 per sq.ft, effective from 1 July 2024. This road is located in Perungalathur village under the Padappai SRO, classified as Residential Class III Type - I.

How the guideline value of Dr Radhakrishnan Road has changed

Since the 2012 revision, the guideline value for Dr Radhakrishnan Road has seen several changes. The 2012 revision set the value at Rs 1,800 per sq.ft, which decreased to Rs 1,206 per sq.ft in the 2017 revision. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 1,800 per sq.ft. The most recent 2024 revision has further increased the value by 10%, resulting in the current guideline value of Rs 1,980 per sq.ft.

The revisions for the years 2002, 2003, and 2007 have no figures available for this street in the register. Overall, from 2012 to 2024, there has been a modest increase of 10% in the guideline value.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO, with a 2024 guideline value range from Rs 1,320 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,310 per sq.ft, which means Dr Radhakrishnan Road's 2024 figure is below that median.

• Drowpathy Amman Koil Street: Rs 1,650 per sq.ft (2024)
• Dr. Karunanithi Street: Rs 2,310 per sq.ft (2024)
• Durai Elumalai Street: Rs 1,980 per sq.ft (2024)
• Durga Theru: Rs 1,650 per sq.ft (2024)
• EB Colony: Rs 2,640 per sq.ft (2024)
• Ebinezar Nagar: Rs 1,650 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 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total fees together to Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Dr Radhakrishnan Road?

The Sub Registrar Office covering Dr Radhakrishnan Road is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Perungalathur. It determines the minimum value on which the stamp duty and registration fees are calculated, ensuring that the transaction is recorded accurately in the official register.

Frequently asked questions

What is the current guideline value of Dr Radhakrishnan Road?

The current guideline value of Dr Radhakrishnan Road is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then increased to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,980 per sq.ft in 2024.

What is the land classification for Dr Radhakrishnan Road?

Dr Radhakrishnan Road is classified as Residential Class III Type - I.

What are the registration fees for a property on Dr Radhakrishnan Road?

For a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600, and the registration fee would be Rs 39,600, totaling Rs 1,78,200.

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

The Padappai Sub Registrar Office is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.