Guideline Value for Dr.Radhakrishnan Street / VOC Nagar

Dr.Radhakrishnan Street / VOC Nagar guideline value

The current guideline value of Dr.Radhakrishnan Street / VOC Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal SRO, and is classified as Commercial Class I Type - II.

How the guideline value of Dr.Radhakrishnan Street / VOC Nagar has changed

The guideline value for Dr.Radhakrishnan Street / VOC Nagar has undergone several revisions over the years. In 2002, the guideline value was Rs 185 per sq.ft. This increased to Rs 210 per sq.ft in 2003, marking a 14% rise. The value then saw a significant jump to Rs 360 per sq.ft in 2007, which was a 71% increase. Following this, the value rose dramatically to Rs 1,675 per sq.ft in 2017, representing a 365% increase. The next revision in 2023 set the guideline value at Rs 2,500 per sq.ft, a 49% increase from the previous figure. The most recent revision in 2024 has set the guideline value at Rs 2,750 per sq.ft, reflecting a 10% increase from 2023.

It is important to note that there is no figure available for the year 2012 in the register for this street.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 2,090 per sq.ft, making the 2024 figure for Dr.Radhakrishnan Street / VOC Nagar above this median.

• Dr.Radhakrishnan Street, Anna Nagar: Rs 2,750 per sq.ft (2024)
• Dr. Rajendara Prasad Street / VOC Nagar: Rs 2,750 per sq.ft (2024)
• Dr.SatayavaniMuthu Street: Rs 1,760 per sq.ft (2024)
• Dr. Zaheer Hussian Street / Muthamzhai Nagar: Rs 2,475 per sq.ft (2024)
• Dulasingam Street / Samundeswari Nagar: Rs 1,980 per sq.ft (2024)
• Durairaj Street / Gandhi Nagar: Rs 2,475 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total fees together to Rs 2,47,500. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dr.Radhakrishnan Street / VOC Nagar?

The Sub Registrar Office that covers Dr.Radhakrishnan Street / VOC Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Pammal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property. Buyers and sellers must be aware of the guideline value to ensure compliance with the registration requirements.

When a property is registered, the guideline value is compared against the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

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

The current guideline value of Dr.Radhakrishnan Street / VOC Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 185 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, which is an overall increase of 1386%.

What is the median guideline value for streets in Pammal?

The median guideline value for streets in Pammal is Rs 2,090 per sq.ft, with Dr.Radhakrishnan Street / VOC Nagar's 2024 figure being above this median.

Where can I calculate stamp duty and registration fees?

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

Which office handles registrations for Dr.Radhakrishnan Street / VOC Nagar?

The Pammal Sub Registrar Office handles registrations for Dr.Radhakrishnan Street / VOC Nagar, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.