Guideline Value for Fiva Radha 1,2nd Street

Fiva Radha 1,2nd Street guideline value

The current guideline value of Fiva Radha 1,2nd Street is Rs 1,215 per sq.ft, effective from 1 July 2024. This street is located in Mamallapuram village under the Thirukazhukundram SRO, classified as Residential Class I Type - II.

How the guideline value of Fiva Radha 1,2nd Street has changed

In the 2012 revision, the guideline value was Rs 1,100 per sq.ft. It then decreased to Rs 737 per sq.ft in the 2017 revision, marking a decline of 33%. The value rose to Rs 1,100 per sq.ft again in the 2023 revision, and further increased to Rs 1,215 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2017 to 2023, the guideline value saw a significant increase of 49%. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value, showcasing the fluctuations over the years.

Guideline values in Mamallapuram

In Mamallapuram, there are 133 streets under the Thirukazhukundram SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 1,650 per sq.ft. The median value for these streets is Rs 935 per sq.ft, positioning Fiva Radha 1,2nd Street above this median.

• Fisherman Part Nehru Street: Rs 935 per sq.ft (2024)
• Fiva radha road: Rs 1,330 per sq.ft (2024)
• Fisherman Colony Sunami Nagar 7th Cross: Rs 550 per sq.ft (2024)
• Fisherman Colony Sunami Nagar 6th Cross: Rs 550 per sq.ft (2024)
• Fisherman Colony Sunami Nagar 5th Cross: Rs 550 per sq.ft (2024)
• Fisherman Colony Sunami Nagar 4th Cross: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Fiva Radha 1,2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,215 per sq.ft, the total guideline value would be Rs 12,15,000. The stamp duty at 7% would amount to Rs 85,050, and the registration fee at 2% would be Rs 24,300, bringing the total to Rs 1,09,350. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Fiva Radha 1,2nd Street?

The Fiva Radha 1,2nd Street falls under the jurisdiction of the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Mamallapuram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency and standardization in property dealings.

When you buy or sell property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transaction. This ensures that the government receives appropriate revenue from property sales and helps maintain an orderly real estate market.

Frequently asked questions

What is the current guideline value of Fiva Radha 1,2nd Street?

The current guideline value of Fiva Radha 1,2nd Street is Rs 1,215 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen fluctuations, with a decrease to Rs 737 per sq.ft in 2017, followed by increases to Rs 1,100 in 2023 and Rs 1,215 in 2024.

What is the median guideline value in Mamallapuram?

The median guideline value for streets in Mamallapuram is Rs 935 per sq.ft, with Fiva Radha 1,2nd Street's value being above this median.

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

For a property valued at Rs 12,15,000, the stamp duty would be Rs 85,050 and the registration fee would be Rs 24,300, totaling Rs 1,09,350.

Which office handles registrations for Fiva Radha 1,2nd Street?

The Thirukazhukundram Sub Registrar Office handles registrations for Fiva Radha 1,2nd Street, located at Thiruchengode - 637 211, Chengalpattu registration zone.