Guideline Value for Dr.RADHAKRISHNAN STREET

Dr.RADHAKRISHNAN STREET guideline value

The current guideline value of Dr.RADHAKRISHNAN STREET is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Vengathur village and falls under the Manavalanagar SRO, classified as Commercial Class I Type - III.

How the guideline value of Dr.RADHAKRISHNAN STREET has changed

The guideline value for Dr.RADHAKRISHNAN STREET has seen several revisions over the years. In the 2007 revision, the value was set at Rs 150 per sq.ft. This increased significantly to Rs 1,300 per sq.ft in the 2012 revision, marking a substantial rise of 767%. However, from 2012 to 2017, the value decreased to Rs 871 per sq.ft, reflecting a decline of 33%. The 2023 revision maintained the value at Rs 1,300 per sq.ft, and the 2024 revision has also kept it unchanged at Rs 1,300 per sq.ft, resulting in no percentage change from the previous year.

It is worth noting that there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 767%.

Guideline values in Vengathur

In Vengathur, there are 186 streets under the Manavalanagar SRO that carry a 2024 guideline value ranging from Rs 500 to Rs 2,000 per sq.ft, with a median value of Rs 1,000 per sq.ft. Dr.RADHAKRISHNAN STREET's 2024 guideline value is above this median.

• Dr.RAMADOSS STREET: Rs 700 per sq.ft (2024)
• Dr.KARUNANITHI STREET: Rs 1,300 per sq.ft (2024)
• Dr.KARUNANITHI CROSS STREET: Rs 1,000 per sq.ft (2024)
• Durai Kannu Street: Rs 1,300 per sq.ft (2024)
• E.A.P.Sivaji Street: Rs 1,300 per sq.ft (2024)
• Dr.ABDULKALAM STREET: Rs 1,300 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 rate of Rs 1,300 per sq.ft, the guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, totaling Rs 1,17,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dr.RADHAKRISHNAN STREET?

The Sub Registrar Office covering Dr.RADHAKRISHNAN STREET is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vengathur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately and fairly.

When a property is sold, the guideline value helps determine the minimum value at which the property can be registered. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property as assessed by the registration department.

Frequently asked questions

What is the current guideline value of Dr.RADHAKRISHNAN STREET?

The current guideline value of Dr.RADHAKRISHNAN STREET is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has gone through several revisions, starting from Rs 150 per sq.ft in 2007, rising to Rs 1,300 per sq.ft in 2012, and remaining at Rs 1,300 per sq.ft in the subsequent revisions of 2023 and 2024.

What is the land classification of Dr.RADHAKRISHNAN STREET?

Dr.RADHAKRISHNAN STREET is classified as Commercial Class I Type - III, which indicates its suitability for commercial activities.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For example, for a property valued at Rs 13,00,000, the total fees would amount to Rs 1,17,000.

Which Sub Registrar Office handles registration for Dr.RADHAKRISHNAN STREET?

The Manavalanagar Sub Registrar Office is responsible for handling registrations for Dr.RADHAKRISHNAN STREET, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.