Guideline Value for RADHA NAGAR

Radha Nagar guideline value

The current guideline value of Radha Nagar, located in Nemam_B village under the Avadi SRO, is Rs 710 per sq.ft, effective from 1 July 2024. The land classification for this area is 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. The 2017 revision set the value at Rs 435 per sq.ft, which increased to Rs 650 per sq.ft in the 2023 revision. The most recent revision in 2024 raised the guideline value to Rs 710 per sq.ft, marking a 9% increase from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 49%, and overall, from 2017 to 2024, it has risen by 63%. These changes reflect the adjustments made by the Registration Department's guideline value register.

Guideline values in Nemam_B

In the village of Nemam_B, there are 24 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 3,500 per sq.ft. The median guideline value in this area is Rs 935 per sq.ft, indicating that Radha Nagar's 2024 figure is below this median.

• Rajalakshmi Enclave Phase I: Rs 550 per sq.ft (2024)
• Rajalakshmi Enclave Phase - II: Rs 550 per sq.ft (2024)
• Rajalakshmi Nagar: Rs 440 per sq.ft (2024)
• Royal Crown: Rs 1,100 per sq.ft (2024)
• Royal Crown Phase - II: Rs 1,100 per sq.ft (2024)
• New Metro City Annex - S.No.755/2: Rs 440 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 amounts to Rs 7,10,000. The stamp duty at 7% would be Rs 49,700, and the registration fee at 2% would be Rs 14,200, bringing the total fees to Rs 63,900. It is important to note that the stamp duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Radha Nagar?

Radha Nagar falls under the jurisdiction of 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 details.

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

The guideline value is a crucial factor during the registration of property transactions in Nemam_B. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property can be registered. This transparency aids in fair dealings and reduces disputes during the registration process.

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 435 per sq.ft in 2017 to Rs 650 per sq.ft in 2023, and then to Rs 710 per sq.ft in 2024. This represents a 63% increase from 2017 to 2024.

What is the land classification for Radha Nagar?

Radha Nagar is classified as Residential Special Type - I. This classification affects the guideline value and the types of properties that can be developed in the area.

Where can I find the Sub Registrar Office for Radha Nagar?

The Avadi Sub Registrar Office covers Radha Nagar and 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 in Radha Nagar?

The stamp duty for property in Radha Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, there is a registration fee of 2% on the guideline value.