Guideline Value for Dr.Radhakrishnan Street, Anna Nagar

Dr.Radhakrishnan Street, Anna Nagar guideline value

The current guideline value of Dr.Radhakrishnan Street, Anna 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, Anna Nagar has changed

Over the years, the guideline value for Dr.Radhakrishnan Street has seen significant changes. The 2017 revision set the value at Rs 1,675 per sq.ft, which increased to Rs 2,500 per sq.ft in the 2023 revision. This marks a substantial increase of 49% between 2017 and 2023. The most recent revision in 2024 has further raised the guideline value to Rs 2,750 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO, with guideline values ranging from Rs 880 to Rs 3,300 per sq.ft as per the 2024 revision. The median guideline value in Pammal is Rs 2,090 per sq.ft, placing Dr.Radhakrishnan Street above this median.

• Dr.Radhakrishnan Street / VOC 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, Anna Nagar

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

For more details on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dr.Radhakrishnan Street, Anna Nagar?

The Sub Registrar Office that covers Dr.Radhakrishnan Street 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

When buying or selling property in Pammal, the guideline value serves as a benchmark for determining the minimum price at which a property can be registered. This value is crucial for calculating stamp duty and registration fees, which are mandatory during the property registration process.

It is essential for buyers and sellers to be aware of the current guideline value, as this impacts the overall cost of transactions. The guideline value ensures transparency and helps in standardizing property transactions within the region.

Frequently asked questions

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

The current guideline value of Dr.Radhakrishnan Street, Anna 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 from Rs 1,675 per sq.ft in 2017 to Rs 2,750 per sq.ft in 2024, marking an overall increase of 64% over this period.

What are the stamp duty and registration fees for properties on this street?

For a 1,000 sq.ft plot, the total guideline value is Rs 27,50,000. The stamp duty is Rs 1,92,500, and the registration fee is Rs 55,000, totaling Rs 2,47,500.

Which Sub Registrar Office is responsible for Dr.Radhakrishnan Street?

The Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, covers Dr.Radhakrishnan Street.

What is the land classification of Dr.Radhakrishnan Street?

Dr.Radhakrishnan Street is classified as Commercial Class I Type - II, indicating its suitability for commercial activities.