Guideline Value for RADHA KRISHNAN ROAD

Radha Krishnan Road guideline value

The current guideline value of Radha Krishnan Road is Rs 626 per sq.ft, effective from 1 July 2024. This road is located in Kakkalur village and falls under the Tiruvallur Joint 1 SRO, classified as Residential Class II Type - III.

How the guideline value of Radha Krishnan Road has changed

In the 2012 revision, the guideline value was Rs 625 per sq.ft. This figure saw a decrease of 33% to Rs 419 per sq.ft in the 2017 revision. Subsequently, there was a significant increase of 49% in the 2023 revision, bringing the value back to Rs 626 per sq.ft, which remained unchanged in the 2024 revision.

The register has no figure for Radha Krishnan Road for the years 2002, 2003, and 2007. Therefore, the only revisions available are from 2012, 2017, 2023, and 2024, with the current guideline value being Rs 626 per sq.ft.

Guideline values in Kakkalur

Kakkalur village has a total of 133 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 3,000 per sq.ft, with a median value of Rs 626 per sq.ft. Radha Krishnan Road's 2024 figure matches this median value.

• Poonthottam Nagar: Rs 626 per sq.ft (2024)
• Poonsolai Street: Rs 626 per sq.ft (2024)
• Poonjolai Street: Rs 626 per sq.ft (2024)
• Poongavanam Lay Out: Rs 626 per sq.ft (2024)
• Poonga Nagar & Extn: Rs 626 per sq.ft (2024)
• Pilliyar Koil Street: Rs 626 per sq.ft (2024)

Stamp duty and registration fee for property in Radha Krishnan Road

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 6,26,000. The stamp duty at 7% would be Rs 43,820, and the registration fee at 2% would be Rs 12,520, totaling Rs 56,340. 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 details.

Which Sub Registrar Office covers Radha Krishnan Road?

The Sub Registrar Office that covers Radha Krishnan Road is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is an important factor in the registration process for property transactions in Kakkalur. It serves as a benchmark for calculating stamp duty and registration fees, which are necessary when buying or selling property.

When a property is registered, the higher value between the guideline value and the sale price is used to determine the applicable duties. This ensures that the government receives the correct revenue from property transactions.

Frequently asked questions

What is the current guideline value of Radha Krishnan Road?

The current guideline value of Radha Krishnan Road is Rs 626 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 625 per sq.ft in 2012 to Rs 419 per sq.ft in 2017, then increased to Rs 626 per sq.ft in both 2023 and 2024.

What is the land classification for Radha Krishnan Road?

Radha Krishnan Road is classified as Residential Class II Type - III under the Tiruvallur Joint 1 SRO.

What are the stamp duty rates for property in Kakkalur?

The stamp duty rate for property transactions in Kakkalur is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Radha Krishnan Road located?

The Tiruvallur Joint 1 Sub Registrar Office is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.