Guideline Value for RADHA NAGAR

Radha Nagar guideline value

The current guideline value of Radha Nagar, located in Nemam village under the Avadi SRO, is Rs 710 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - I.

How the guideline value of Radha Nagar has changed

The guideline value for Radha Nagar has seen several revisions over the years. In 2012, the value was Rs 650 per sq.ft. This figure remained unchanged until the 2017 revision, where it dropped to Rs 435 per sq.ft, marking a decrease of 33%. By 2023, the value increased significantly to Rs 650 per sq.ft, and in the latest 2024 revision, it rose further to Rs 710 per sq.ft, reflecting a 9% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, comparing the 2012 figure to the current 2024 value, there has been a total increase of 9%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Nemam

In Nemam village, there are 14 streets under the Avadi SRO that have a 2024 guideline value ranging from Rs 330 to Rs 1,590 per sq.ft. The median value for these streets is Rs 740 per sq.ft, placing Radha Nagar's 2024 figure below this median.

• Rajalakshmi Enclave Phase I: Rs 360 per sq.ft (2024)
• Rajalakshmi Enclave Phase - II: Rs 550 per sq.ft (2024)
• Rajalakshmi Nagar: Rs 440 per sq.ft (2024)
• Ms Smart City: Rs 770 per sq.ft (2024)
• Sri Srinivasa Nagar: Rs 1,050 per sq.ft (2024)
• Surya Garden: Rs 551 per sq.ft (2024)

Stamp duty and registration fee for property in Radha Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 710 per sq.ft, the total guideline value would be Rs 7,10,000. The stamp duty at 7% would amount to Rs 49,700, and the registration fee at 2% would be Rs 14,200, bringing the total to Rs 63,900. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Radha Nagar?

The Sub Registrar Office covering Radha Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Nemam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a buyer or seller approaches the registration office, the guideline value is assessed to ensure that the transaction is recorded accurately. This value helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Radha Nagar?

The current guideline value of Radha Nagar is Rs 710 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 650 per sq.ft in 2012 to Rs 435 per sq.ft in 2017, then to Rs 650 per sq.ft in 2023, and finally to Rs 710 per sq.ft in 2024.

What is the land classification of Radha Nagar?

Radha Nagar is classified as Residential Special Type - I, which indicates its suitability for residential development.

Where is the Sub Registrar Office located for Radha Nagar?

The Avadi Sub Registrar Office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the stamp duty calculated for property transactions in Radha Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.