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Guideline Value

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Guideline Value for Dr. Radhakrishnan Street (JPT)

₹4100/sq.ft.

The guideline value for Dr. Radhakrishnan Street (jpt) in Kodambakkam village (Ashok Nagar SRO, Chennai zone) is Rs 4100 per sq.ft, effective 1 July 2024. It was Rs 3750 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kodambakkam

Village

Ashok Nagar

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹4100 /sq.ft.
From 1-4-2023 ₹3750 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2512 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3750 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1210 /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 )
044-29561082
[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 Street (jpt)

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Dr. Radhakrishnan Street (JPT) guideline value

The current guideline value of Dr. Radhakrishnan Street (JPT) is Rs 4,100 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village under the Ashok Nagar SRO, classified as Residential Class IV Type - I.

How the guideline value of Dr. Radhakrishnan Street (JPT) has changed

The guideline value for Dr. Radhakrishnan Street (JPT) has seen several revisions over the years. In 2007, the value was Rs 1,210 per sq.ft, which increased significantly to Rs 3,750 per sq.ft in 2012, marking a growth of 210%. However, it then decreased to Rs 2,512 per sq.ft in 2017, a decline of 33%. The value rose again to Rs 3,750 per sq.ft in 2023, and most recently, it has been set at Rs 4,100 per sq.ft in the 2024 revision, reflecting a 9% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 239%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Kodambakkam

Kodambakkam has a total of 1,031 streets under the Ashok Nagar SRO, with 2024 guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value in this area is Rs 4,900 per sq.ft, placing Dr. Radhakrishnan Street (JPT) below this median.

Stamp duty and registration fee for property in Dr. Radhakrishnan Street (JPT)

For a 1,000 sq.ft plot at the current guideline value of Rs 4,100 per sq.ft, the total guideline value amounts to Rs 41,00,000. The stamp duty at 7% would be Rs 2,87,000, and the registration fee at 2% would be Rs 82,000, totaling Rs 3,69,000. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dr. Radhakrishnan Street (JPT)?

The Sub Registrar Office that covers Dr. Radhakrishnan Street (JPT) is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is an important factor in the registration process when buying or selling property in Kodambakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded at a value recognized by the authorities.

When you register a property, the guideline value helps determine the applicable fees, which are charged based on the higher of the guideline value or the sale price. This ensures transparency and compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value of Dr. Radhakrishnan Street (JPT)?

The current guideline value of Dr. Radhakrishnan Street (JPT) is Rs 4,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,210 per sq.ft in 2007 to Rs 4,100 per sq.ft in 2024, showing an overall increase of 239% over the years.

What is the land classification of Dr. Radhakrishnan Street (JPT)?

Dr. Radhakrishnan Street (JPT) is classified as Residential Class IV Type - I according to the local regulations.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office covering Dr. Radhakrishnan Street (JPT) is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 41,00,000, the stamp duty would be Rs 2,87,000 at a rate of 7%.