Guideline Value

Corporate

Guideline Value for RADHA KRISHNAN ROAD

₹1700/sq.ft.

The guideline value for Radha Krishnan Road in Palavakkam village (Neelankarai SRO, Chennai zone) is Rs 1700 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 13% change. The land classification is Residential Class Iv Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Palavakkam

Village

Neelankarai

SRO

Residential Class IV Type - II
History
Period Guideline Value
From 1-7-2024 ₹1700 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹400 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹118 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹105 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Radha Krishnan Road

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Radha Krishnan Road guideline value

The current guideline value of Radha Krishnan Road is Rs 1,700 per sq.ft, effective from 1 July 2024. This road is located in Palavakkam village, under the Neelankarai SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Radha Krishnan Road has changed

The guideline value for Radha Krishnan Road has undergone several revisions over the years. In 2002, the value was Rs 105 per sq.ft, which increased to Rs 118 per sq.ft in 2003. Following this, the value saw a significant rise to Rs 400 per sq.ft in 2007, and then it further increased to Rs 1,500 per sq.ft in 2012. However, there was a decline to Rs 1,005 per sq.ft in 2017. The value then rose to Rs 1,500 per sq.ft in 2023, before reaching the current figure of Rs 1,700 per sq.ft in 2024.

In terms of percentage changes, from 2002 to 2024, the overall increase is +1519%. The most notable change occurred between 2007 and 2012, with a rise of +275%. The value increased by +49% from 2017 to 2023, and from 2023 to 2024, there was an increase of +13%.

Guideline values in Palavakkam

In Palavakkam, there are 349 streets under the Neelankarai SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, which places Radha Krishnan Road's 2024 figure below that median.

Stamp duty and registration fee for property in Radha Krishnan Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, making the total cost for these fees Rs 1,53,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Radha Krishnan Road?

The Sub Registrar Office that covers Radha Krishnan Road is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value is a critical factor in the registration process when buying or selling property in Palavakkam. It serves as a benchmark for determining the minimum value of the property, ensuring that the transaction is recorded at a fair value.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. 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 Radha Krishnan Road?

The current guideline value of Radha Krishnan Road is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 105 per sq.ft in 2002 to Rs 1,700 per sq.ft in 2024, reflecting an overall increase of +1519% over this period.

What are the other streets in Palavakkam with their guideline values?

Other streets in Palavakkam include Radhakrishanan Street at Rs 1,700 per sq.ft, Quaid Milleth Street at Rs 2,800 per sq.ft, and Pushpa Avenue at Rs 3,300 per sq.ft, among others.

What are the stamp duty and registration fees for properties in Radha Krishnan Road?

For a property valued at Rs 17,00,000, the stamp duty would be Rs 1,19,000 and the registration fee would be Rs 34,000, totaling Rs 1,53,000.

Which office handles the registration for Radha Krishnan Road?

The Neelankarai Sub Registrar Office handles the registration for Radha Krishnan Road, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.