Guideline Value

Corporate

Guideline Value for Dr. Radhakrishnan Nagar

₹1000/sq.ft.

The guideline value for Dr. Radhakrishnan Nagar in Chettimedu village (Redhills SRO, Chennai zone) is Rs 1000 per sq.ft, effective 1 July 2024. It was Rs 500 per sq.ft from 1 April 2023, a 100% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Chettimedu

Village

Redhills

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹1000 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹400 /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)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 1,000 per sq.ft, effective from 1 July 2024. This area is located in Chettimedu village and falls under the Redhills SRO with a land classification of Residential Special Type - I.

How the guideline value of Dr. Radhakrishnan Nagar has changed

The guideline value for Dr. Radhakrishnan Nagar has seen several revisions over the years. In 2007, the value was Rs 400 per sq.ft, which increased to Rs 500 per sq.ft in 2012. However, it then decreased to Rs 335 per sq.ft in 2017. The value rose significantly to Rs 500 per sq.ft in 2023, and most recently, it has doubled to Rs 1,000 per sq.ft in the 2024 revision.

To summarize the changes: from 2017 to 2023, the value increased by 49%. The jump from 2023 to 2024 represents a 100% increase. Overall, from 2007 to 2024, the guideline value has increased by 150%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Chettimedu

In Chettimedu, there are 26 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 1,008 per sq.ft, with a median value of Rs 1,002 per sq.ft. The guideline value for Dr. Radhakrishnan Nagar is 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 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. Please 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 details.

Which Sub Registrar Office covers Dr. Radhakrishnan Nagar?

The Sub Registrar Office that covers Dr. Radhakrishnan Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is crucial during property transactions as it determines the stamp duty and registration fees applicable when buying or selling property. It serves as a benchmark for the minimum value at which property can be registered, ensuring that the government receives the appropriate revenue from property transactions.

When buyers and sellers agree on a sale price, the registration process will consider the guideline value to calculate the necessary fees. If the sale price is lower than the guideline value, the higher amount will be used for calculating duties and fees.

Frequently asked questions

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

The current guideline value of Dr. Radhakrishnan Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2024, with several revisions in between, including a significant increase from Rs 500 per sq.ft in 2023 to Rs 1,000 per sq.ft in 2024.

What are the other streets in Chettimedu with their guideline values?

Other streets in Chettimedu include Durai Nagar, C.K. Mathavan Nagar, Bhuvaneswari Nagar, Bhanu Nagar, Bai Nagar, and Baba Nagar, with guideline values ranging from Rs 1,000 to Rs 1,008 per sq.ft for 2024.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft property at the current guideline value, the total fees would amount to Rs 90,000.

Which Sub Registrar Office should I go to for transactions in Dr. Radhakrishnan Nagar?

The Redhills Sub Registrar Office covers transactions in Dr. Radhakrishnan Nagar. It is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.