Guideline Value

Corporate

Guideline Value for Dr. Radhakrishnan Nagar

₹5400/sq.ft.

The guideline value for Dr. Radhakrishnan Nagar in Naduvakkarai village (Annanagar SRO, Chennai zone) is Rs 5400 per sq.ft, effective 1 July 2024. It was Rs 5000 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Naduvakkarai

Village

AnnaNagar

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹5400 /sq.ft.
From 1-4-2023 ₹5000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3350 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹5000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1300 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 ( Near By Nolambur Eb Office )
044-29561062
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Dr. Radhakrishnan Nagar

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Dr. Radhakrishnan Nagar guideline value

The current guideline value of Dr. Radhakrishnan Nagar is Rs 5,400 per sq.ft, effective from 1 July 2024. This area is located in Naduvakkarai village and falls under the AnnaNagar SRO. The land classification is Residential Class II Type - II.

How the guideline value of Dr. Radhakrishnan Nagar has changed

Over the years, the guideline value of Dr. Radhakrishnan Nagar has seen several revisions. The 2007 revision set the value at Rs 1,300 per sq.ft, which increased significantly to Rs 5,000 per sq.ft in 2012. However, this figure dropped to Rs 3,350 per sq.ft in the 2017 revision, before rising again to Rs 5,000 per sq.ft in 2023. The most recent revision in 2024 has set the guideline value at Rs 5,400 per sq.ft.

In terms of percentage changes, the value increased by 285% from 2007 to 2012, decreased by 33% from 2012 to 2017, and then increased by 49% from 2017 to 2023. The jump from 2023 to 2024 is an increase of 8%. Overall, from 2007 to 2024, the guideline value has increased by 315%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Naduvakkarai

Naduvakkarai village has 148 streets under the AnnaNagar SRO, with 2024 guideline values ranging from Rs 3,300 to Rs 15,900 per sq.ft. The median guideline value for these streets is Rs 11,500 per sq.ft, placing Dr. Radhakrishnan Nagar's 2024 figure below this median.

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 5,400 per sq.ft, the total guideline value amounts to Rs 54,00,000. The stamp duty at 7% would be Rs 3,78,000, and the registration fee at 2% would be Rs 1,08,000, totaling Rs 4,86,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Dr. Radhakrishnan Nagar?

The Sub Registrar Office that covers Dr. Radhakrishnan Nagar is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Naduvakkarai. It serves as a benchmark for determining the stamp duty and registration fees applicable to a transaction.

When a property is sold, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the state government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of Dr. Radhakrishnan Nagar is Rs 5,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,300 per sq.ft in 2007 to Rs 5,400 per sq.ft in 2024, reflecting an overall increase of 315% over the years.

What is the median guideline value in Naduvakkarai?

The median guideline value for the 148 streets in Naduvakkarai is Rs 11,500 per sq.ft, with Dr. Radhakrishnan Nagar's 2024 figure being below this median.

What are the registration fees for property in Dr. Radhakrishnan Nagar?

The registration fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Which office handles property registrations in Dr. Radhakrishnan Nagar?

The AnnaNagar Sub Registrar Office is responsible for property registrations in Dr. Radhakrishnan Nagar, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.