Guideline Value for Dr.Radhakrishnan Nagar

Dr.Radhakrishnan Nagar guideline value

The current guideline value of Dr.Radhakrishnan Nagar is Rs 4,400 per sq.ft, effective from 1 July 2024. This area is located in Ayanavaram village and falls under the AnnaNagar SRO, classified as Residential Class II Type - I.

How the guideline value of Dr.Radhakrishnan Nagar has changed

The guideline value has seen significant revisions over the years. In 2007, the value was Rs 1,200 per sq.ft, which increased to Rs 2,680 per sq.ft in 2017, marking a 123% rise. The value further increased to Rs 4,000 per sq.ft in 2023, reflecting a 49% change. The most recent revision in 2024 set the guideline value at Rs 4,400 per sq.ft, representing a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, 2012. Overall, from 2007 to 2024, the guideline value has increased by 267%.

Guideline values in Ayanavaram

Ayanavaram has a total of 369 streets under the AnnaNagar SRO, with 2024 guideline values ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median value for these streets is Rs 4,900 per sq.ft, indicating that Dr.Radhakrishnan Nagar's 2024 figure is below this median.

• Duraisamy Iyer Street: Rs 4,900 per sq.ft (2024)
• Duraisamy Mudali Street: Rs 4,900 per sq.ft (2024)
• Dr.Ambedkar Telugu Nagar 3rd Street: Rs 2,700 per sq.ft (2024)
• Dr.Ambedkar Telugu Nagar & 1 & 2 Street: Rs 2,700 per sq.ft (2024)
• Duraisamy Naicker Street: Rs 4,900 per sq.ft (2024)
• Eda Ramasamy Street: Rs 4,900 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. Duty is charged on the guideline value or the sale price, whichever is higher. 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 AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Ayanavaram. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. It is essential for buyers to be aware of this value to avoid discrepancies during the registration process.

Frequently asked questions

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

The current guideline value of Dr.Radhakrishnan Nagar is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,200 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, showing a total increase of 267% over the years.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 44,00,000, the total fees would amount to Rs 3,96,000.

Which Sub Registrar Office covers Dr.Radhakrishnan Nagar?

The AnnaNagar Sub Registrar Office covers Dr.Radhakrishnan Nagar, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification of Dr.Radhakrishnan Nagar?

Dr.Radhakrishnan Nagar is classified as Residential Class II Type - I, indicating its designation for residential development.