Guideline Value for Dr. Radhakrishnan Street

Dr. Radhakrishnan Street guideline value

The current guideline value of Dr. Radhakrishnan Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Naravarikuppam village, under the Redhills SRO, and is classified as Residential Class II Type - I.

How the guideline value of Dr. Radhakrishnan Street has changed

The guideline value for Dr. Radhakrishnan Street has undergone several revisions over the years. In 2007, the guideline value was Rs 400 per sq.ft, which increased significantly to Rs 1,500 per sq.ft by 2012. However, from 2012 to 2017, the value decreased to Rs 1,005 per sq.ft. The following revision in 2023 saw a substantial rise to Rs 1,500 per sq.ft, and the most recent revision in 2024 brought it to Rs 1,650 per sq.ft.

Between the revisions, there have been notable changes. From 2007 to 2012, the guideline value increased by 275%. However, there was a decline of 33% from 2012 to 2017. The value then rose by 49% from 2017 to 2023, and finally, there was a 10% increase from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 313%.

Guideline values in Naravarikuppam

In Naravarikuppam, there are 112 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median guideline value is Rs 1,650 per sq.ft, which is the same as the current guideline value for Dr. Radhakrishnan Street.

• Dr. Vaideeswaran 1st Street: Rs 1,650 per sq.ft (2024)
• Dr. Vaideeswaran 2nd Street: Rs 1,650 per sq.ft (2024)
• Dr. Vaideeswaran Street: Rs 1,650 per sq.ft (2024)
• Dr. Varatharajanar Street: Rs 1,650 per sq.ft (2024)
• Durai Abdul Abha Sahib Street: Rs 1,320 per sq.ft (2024)
• Durai Abdul Kadhar Street: Rs 1,320 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. 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 detailed calculations.

Which Sub Registrar Office covers Dr. Radhakrishnan Street?

The Sub Registrar Office that covers Dr. Radhakrishnan Street 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 Naravarikuppam

The guideline value is an essential factor when registering property transactions in Naravarikuppam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with legal requirements during the registration process.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions, based on the established guideline values.

Frequently asked questions

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

The current guideline value of Dr. Radhakrishnan Street is Rs 1,650 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 400 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, reflecting an overall increase of 313% over the years.

What is the land classification for Dr. Radhakrishnan Street?

Dr. Radhakrishnan Street is classified as Residential Class II Type - I.

Where can I calculate the stamp duty and registration fees?

You can calculate the stamp duty and registration fees using our stamp duty and registration fee calculator.

Which office should I visit for property registration?

The Redhills Sub Registrar Office is responsible for property registration in Dr. Radhakrishnan Street. It is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.