Guideline Value for Dr. Radhaakrishanan Street

Dr. Radhaakrishanan Street guideline value

The current guideline value of Dr. Radhaakrishanan Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Thiruvallur village under the Tiruvallur Joint 1 SRO, classified as Residential Class I Type - III.

How the guideline value of Dr. Radhaakrishanan Street has changed

The guideline value for Dr. Radhaakrishanan Street has seen several revisions over the years. In 2007, the value was set at Rs 200 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012, marking a rise of 400%. However, it then decreased to Rs 670 per sq.ft in 2017, a reduction of 33%. The value increased again to Rs 1,000 per sq.ft in 2023, and most recently, it has risen to Rs 1,100 per sq.ft in 2024, reflecting a 10% increase.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 450%.

Guideline values in Thiruvallur

In Thiruvallur village, there are a total of 172 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 3,850 per sq.ft. The median guideline value is Rs 1,100 per sq.ft, which is the same as that of Dr. Radhaakrishanan Street.

• Dr.M.Varadharasanar St: Rs 1,100 per sq.ft (2024)
• Dr.M.Varadharasanar Cross St: Rs 1,100 per sq.ft (2024)
• Dr.ambetkar Street: Rs 770 per sq.ft (2024)
• East tank Street: Rs 2,750 per sq.ft (2024)
• Edappalayam Thalakancheri road: Rs 1,650 per sq.ft (2024)
• Ekkadu Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Dr. Radhaakrishanan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total cost to Rs 99,000. 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. Radhaakrishanan Street?

The Sub Registrar Office that covers Dr. Radhaakrishanan Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Thiruvallur. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

Frequently asked questions

What is the current guideline value of Dr. Radhaakrishanan Street?

The current guideline value of Dr. Radhaakrishanan Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 200 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, with various increases and decreases along the way.

Where can I find the Sub Registrar Office for Dr. Radhaakrishanan Street?

The Sub Registrar Office for Dr. Radhaakrishanan Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

What are the registration fees based on the guideline value?

The registration fees are calculated based on the guideline value, which is Rs 1,100 per sq.ft for Dr. Radhaakrishanan Street. The stamp duty is 7% of the guideline value or sale price, whichever is higher.

What is the land classification of Dr. Radhaakrishanan Street?

Dr. Radhaakrishanan Street is classified as Residential Class I Type - III under the local land classification system.