Guideline Value for RADHAI NAGAR

Radhai Nagar guideline value

The current guideline value of Radhai Nagar, located in Ninna Karai village under the Chengleput Joint II SRO, is Rs 1,100 per sq.ft as per the 2024 revision effective from 1 July 2024. The land classification for this area is Residential Class I Type - I.

How the guideline value of Radhai Nagar has changed

The guideline value for Radhai Nagar has seen several revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 1,000 per sq.ft, which increased by 10% to Rs 1,100 per sq.ft in the 2024 revision.

This increase marks a notable change in the guideline value for Radhai Nagar, reflecting a consistent upward trend from the previous year. The current value aligns with the median guideline value for streets in Ninna Karai.

Guideline values in Ninna Karai

Ninna Karai village has a total of 449 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, which is the same as the current value for Radhai Nagar.

• Raagavalu Naidu Street (Ward -17): Rs 660 per sq.ft (2024)
• Puthumaipithan Salai (Ward -8): Rs 1,760 per sq.ft (2024)
• Ragavendra Nagar (N): Rs 660 per sq.ft (2024)
• Ragavendrar Koil Street Peramanur (Ward -15): Rs 440 per sq.ft (2024)
• Puranaru Street (N): Rs 1,321 per sq.ft (2024)
• Rail Nagar 10nd Street (Ward -2): Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Radhai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Radhai Nagar?

The Chengleput Joint II Sub Registrar Office covers Radhai Nagar. The office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Ninna Karai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is bought or sold, the guideline value is used to calculate the applicable duties, ensuring that both buyers and sellers are aware of the financial implications of their transactions. This helps maintain transparency and consistency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Radhai Nagar?

The current guideline value of Radhai Nagar is Rs 1,100 per sq.ft as per the 2024 revision effective from 1 July 2024.

How much has the guideline value changed recently?

In the 2023 revision, the guideline value was Rs 1,000 per sq.ft, which increased by 10% to Rs 1,100 per sq.ft in the 2024 revision.

What is the land classification for Radhai Nagar?

The land classification for Radhai Nagar is Residential Class I Type - I, indicating its designation for residential use.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How is the stamp duty calculated for properties in Radhai Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 1,100 per sq.ft would incur a total guideline value of Rs 11,00,000, leading to a stamp duty of Rs 77,000.