Guideline Value for RADHABAI AMMAL (LAYOUT)

Radhabai Ammal (Layout) guideline value

The current guideline value for Radhabai Ammal (Layout) is Rs 2,160 per sq.ft, effective from 1 July 2024. This layout is located in Zaminpallavaram village under the Pallavaram SRO, classified as Residential Class III Type - I.

How the guideline value of Radhabai Ammal (Layout) has changed

The guideline value for Radhabai Ammal (Layout) has undergone several revisions over the years. The earliest recorded value was Rs 2,000 per sq.ft in 2012. This figure then decreased to Rs 1,340 per sq.ft in the 2017 revision, marking a decline of 33%. The most recent revision in 2024 saw an increase to Rs 2,160 per sq.ft, which represents a 61% increase from the 2017 figure. The register has no figures for the years 2023, 2007, 2003, and 2002 for this street.

Overall, comparing the figures from 2012 to 2024, there has been a slight increase of 8%. The current guideline value reflects the most recent adjustments made by the Registration Department.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 2,100 to Rs 11,000 per sq.ft, with a median value of Rs 3,300 per sq.ft. The guideline value for Radhabai Ammal (Layout) is below this median.

• Radhabaiammal Nagar 1st Street: Rs 2,160 per sq.ft (2024)
• Radhabaiammal Nagar 2nd Street: Rs 2,750 per sq.ft (2024)
• P.V.Vithiyalingam Road: Rs 3,520 per sq.ft (2024)
• P.V. Atchari Street: Rs 3,300 per sq.ft (2024)
• Radha Nagar Main Road: Rs 4,400 per sq.ft (2024)
• Radhapuram Ammal Layout: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Radhabai Ammal (Layout)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,160 per sq.ft, the total guideline value amounts to Rs 21,60,000. The stamp duty at 7% would be Rs 1,51,200, while the registration fee at 2% would be Rs 43,200. Together, the total cost for stamp duty and registration fee would be Rs 1,94,400. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Radhabai Ammal (Layout)?

The Radhabai Ammal (Layout) falls under the jurisdiction of the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for additional information.

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

The guideline value plays a crucial role in the registration process of property transactions in Zaminpallavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is compared to the sale price of the property. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value for Radhabai Ammal (Layout)?

The current guideline value for Radhabai Ammal (Layout) is Rs 2,160 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, and then increased to Rs 2,160 per sq.ft in 2024. The overall change from 2012 to 2024 is an increase of 8%.

What is the land classification for Radhabai Ammal (Layout)?

Radhabai Ammal (Layout) is classified as Residential Class III Type - I, indicating its designation for residential purposes.

What is the stamp duty rate for properties in Radhabai Ammal (Layout)?

The stamp duty rate for properties in Radhabai Ammal (Layout) is 7% of the guideline value or the sale price, whichever is higher.

Where is the Pallavaram Sub Registrar Office located?

The Pallavaram Sub Registrar Office is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.