Guideline Value

Corporate

Guideline Value for Dr. Radhakrishnan Nagar

₹600/sq.ft.

The guideline value for Dr. Radhakrishnan Nagar in Arambakkam village (Gooduvancheri SRO, Chengalpattu zone) is Rs 600 per sq.ft, effective 1 July 2024. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Arambakkam

Village

Gooduvancheri

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹600 /sq.ft.
From 1-4-2023 ₹600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹402 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹600 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹160 /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)

Defence Colony Road,near Vetnary Hospital,nanthivaram,guduvanjery-603202
044-27462940
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[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 600 per sq.ft, effective from 1 July 2024. This area is located in Arambakkam village and falls under the Gooduvancheri SRO, classified as Residential Special Type - I.

How the guideline value of Dr. Radhakrishnan Nagar has changed

The guideline value for Dr. Radhakrishnan Nagar has undergone several revisions over the years. In 2007, the value was Rs 160 per sq.ft, which increased significantly to Rs 600 per sq.ft in 2012. However, it decreased to Rs 402 per sq.ft in 2017, before rising again to Rs 600 per sq.ft in both 2023 and 2024, showing no change between these two revisions.

From the 2017 revision to 2023, there was an increase of 49%. The overall change from 2007 to 2024 reflects a substantial increase of 275%. It is important to note that there are no figures for the years 2002 and 2003 in the register for this street.

Guideline values in Arambakkam

In Arambakkam, there are 33 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 800 per sq.ft, with a median value of Rs 600 per sq.ft. Dr. Radhakrishnan Nagar's 2024 guideline value aligns with 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 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, leading to a total of Rs 54,000. 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 details.

Which Sub Registrar Office covers Dr. Radhakrishnan Nagar?

The Sub Registrar Office covering Dr. Radhakrishnan Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration process when buying or selling property in Arambakkam. It helps determine the stamp duty and registration fees that need to be paid, ensuring that both parties adhere to the legal requirements set by the state.

When a property is registered, the guideline value is compared with the sale price. The higher value between the two is used to calculate the applicable duties and fees, ensuring that the transaction is properly documented and taxed according to the current regulations.

Frequently asked questions

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

The current guideline value of Dr. Radhakrishnan Nagar is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, with significant changes occurring from Rs 160 per sq.ft in 2007 to Rs 600 per sq.ft in 2012, then decreasing to Rs 402 per sq.ft in 2017, and returning to Rs 600 per sq.ft in 2023 and 2024.

What is the stamp duty rate in Dr. Radhakrishnan Nagar?

The stamp duty rate in Dr. Radhakrishnan Nagar is 7%, which is applied to the higher of the guideline value or the sale price during property registration.

Where is the Gooduvancheri SRO located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202, Chengalpattu registration zone.

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

Other streets in Arambakkam include Dr. Radha Krishnan Extension at Rs 800 per sq.ft, Dhanalakshmi Nagar at Rs 500 per sq.ft, D.A. Colony at Rs 600 per sq.ft, Cittirai Nagar at Rs 402 per sq.ft, Ganapathipuram at Rs 800 per sq.ft, and Balagangadara Thilak Nagar at Rs 600 per sq.ft.