Guideline Value for Dr.Radhakrishnan Salai

Dr.Radhakrishnan Salai guideline value

The current guideline value of Dr.Radhakrishnan Salai is Rs 6,050 per sq.ft, effective from 1 July 2024. This street is located in Valasaravakkam village under the Virugambakkam SRO, classified as Residential Special Type - I.

How the guideline value of Dr.Radhakrishnan Salai has changed

The guideline value for Dr.Radhakrishnan Salai has seen several revisions over the years. In 2003, the value was Rs 626 per sq.ft, which increased to Rs 800 per sq.ft in 2007. This was a significant rise of 28%. The value then surged dramatically to Rs 5,500 per sq.ft in 2012, marking an increase of 588%. However, the value dropped to Rs 3,685 per sq.ft in 2017, a decrease of 33%. The most recent revision in 2024 set the guideline value at Rs 6,050 per sq.ft, reflecting an increase of 64% from the 2017 figure.

It is worth noting that the register has no figures for the years 2023 and 2002 for this street. Overall, from 2003 to 2024, the guideline value has increased by 866%.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO that carry a 2024 guideline value ranging from Rs 2,750 to Rs 8,800 per sq.ft, with a median value of Rs 3,850 per sq.ft. The guideline value of Dr.Radhakrishnan Salai is above this median.

• Durairaj Street: Rs 6,050 per sq.ft (2024)
• Dr.Ambedkar Road: Rs 4,400 per sq.ft (2024)
• East Kamakodi Nagar 1st Cross Street: Rs 4,400 per sq.ft (2024)
• East Kamakodi Nagar 1st Street: Rs 4,400 per sq.ft (2024)
• East Kamakodi Nagar 2nd Cross Street: Rs 4,400 per sq.ft (2024)
• East kamakodi Nagar 2nd Street: Rs 4,400 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 6,050 per sq.ft, the total guideline value would be Rs 60,50,000. The stamp duty at 7% would amount to Rs 4,23,500, while the registration fee at 2% would be Rs 1,21,000, bringing the total to Rs 5,44,500. It is important to note that 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 Salai?

The Sub Registrar Office that covers Dr.Radhakrishnan Salai is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Valasaravakkam, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees that need to be paid at the time of registration.

It is essential for buyers and sellers to be aware of the current guideline value to ensure that they comply with the legal requirements during the registration process. This value also serves as a reference point for both parties in a transaction, helping to establish a baseline for negotiations.

Frequently asked questions

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

The current guideline value of Dr.Radhakrishnan Salai is Rs 6,050 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has undergone several revisions, increasing from Rs 626 per sq.ft in 2003 to Rs 6,050 per sq.ft in 2024, which is an overall increase of 866%.

What is the land classification for Dr.Radhakrishnan Salai?

Dr.Radhakrishnan Salai is classified as Residential Special Type - I.

Where can I find the Sub Registrar Office for Dr.Radhakrishnan Salai?

The Virugambakkam Sub Registrar Office covers Dr.Radhakrishnan Salai, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is the stamp duty calculated for properties in Dr.Radhakrishnan Salai?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total guideline value would be Rs 60,50,000, leading to a stamp duty of Rs 4,23,500.