Guideline Value for RADHA MUDALIAR NAGAR

Radha Mudaliar Nagar guideline value

The current guideline value of Radha Mudaliar Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This area is part of Thiruvellvoyal village under the Ponneri SRO, classified as Residential Class III Type - V.

How the guideline value of Radha Mudaliar Nagar has changed

Looking at the historical revisions, the guideline value for Radha Mudaliar Nagar was Rs 150 per sq.ft in 2012, which increased to Rs 100 per sq.ft in 2017. Following that, the value rose significantly to Rs 200 per sq.ft in both the 2023 and 2024 revisions. The register has no figure for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value saw a substantial increase of 100%. Overall, comparing the years 2012 to 2024, the guideline value has risen by 33%.

Guideline values in Thiruvellvoyal

In Thiruvellvoyal, there are 12 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 200 per sq.ft. The median value for these streets is Rs 200 per sq.ft, which is equal to the current guideline value of Radha Mudaliar Nagar.

• Sai Sudha Nagar: Rs 200 per sq.ft (2024)
• Selliyamman Nagar: Rs 200 per sq.ft (2024)
• Sri Sakthi Nagar: Rs 200 per sq.ft (2024)
• Sri Sakthi Nagar Extention: Rs 150 per sq.ft (2024)
• Sri Vel Nagar: Rs 200 per sq.ft (2024)
• Vetri Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Radha Mudaliar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total cost to Rs 18,000. 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 details.

Which Sub Registrar Office covers Radha Mudaliar Nagar?

The Sub Registrar Office that covers Radha Mudaliar Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

When buying or selling property in Thiruvellvoyal, the guideline value is used as a reference for determining the stamp duty and registration fees. This value is essential for ensuring that the transaction is registered correctly and that the appropriate taxes are paid.

The guideline value helps in establishing a fair basis for property transactions, as it reflects the official valuation set by the Registration Department. This ensures transparency and consistency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Radha Mudaliar Nagar?

The current guideline value of Radha Mudaliar Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2012 to Rs 200 per sq.ft in 2024, reflecting a 33% increase overall from 2012 to 2024.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 2,00,000, the stamp duty is Rs 14,000 and the registration fee is Rs 4,000, totaling Rs 18,000.

Which office handles property registrations for Radha Mudaliar Nagar?

The Ponneri Sub Registrar Office handles property registrations for Radha Mudaliar Nagar, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

What is the land classification of Radha Mudaliar Nagar?

Radha Mudaliar Nagar is classified as Residential Class III Type - V, according to the guidelines set by the Registration Department.