Guideline Value for RADHAKRISHNAN GARDEN

Radhakrishnan Garden guideline value

The current guideline value of Radhakrishnan Garden is Rs 1,700 per sq.ft, effective from 1 July 2024. This area is located in Chemmancheri village and falls under the Neelankarai SRO. The land classification for this street is Residential Class IV Type - I.

How the guideline value of Radhakrishnan Garden has changed

The guideline value for Radhakrishnan Garden has seen several revisions over the years. In 2012, the value was Rs 1,500 per sq.ft, which changed to Rs 1,005 per sq.ft in 2017. This was a decrease of 33%. Following this, the value increased significantly to Rs 1,500 per sq.ft in 2023, marking a 49% increase. The most recent revision in 2024 has set the guideline value at Rs 1,700 per sq.ft, which is a 13% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 13%.

Guideline values in Chemmancheri

In Chemmancheri, there are 195 streets under the Neelankarai SRO that have a 2024 guideline value ranging from Rs 1,000 to Rs 6,600 per sq.ft. The median guideline value for these streets is Rs 1,700 per sq.ft, which matches the current value for Radhakrishnan Garden.

• Priyadharasini Garden: Rs 1,000 per sq.ft (2024)
• Prim Liberty Garden: Rs 1,000 per sq.ft (2024)
• Pridivraj Garden: Rs 1,000 per sq.ft (2024)
• Prasanna Garden: Rs 3,900 per sq.ft (2024)
• Rajam Garen: Rs 1,100 per sq.ft (2024)
• Rajendran Garden II: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Radhakrishnan Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty at 7% would amount to Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total to Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Radhakrishnan Garden?

The Sub Registrar Office that covers Radhakrishnan Garden is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Chemmancheri. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing a property. This value helps ensure that the transaction is recorded accurately and complies with local regulations.

When selling a property, the guideline value can also influence the sale price. Buyers and sellers often consider the guideline value to negotiate the final amount, ensuring that it aligns with the official rates set by the registration department.

Frequently asked questions

What is the current guideline value of Radhakrishnan Garden?

The current guideline value of Radhakrishnan Garden is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,700 per sq.ft in 2024.

What is the land classification for Radhakrishnan Garden?

The land classification for Radhakrishnan Garden is Residential Class IV Type - I.

What are the stamp duty and registration fees for properties in Radhakrishnan Garden?

For a property valued at Rs 17,00,000, the stamp duty would be Rs 1,19,000 and the registration fee would be Rs 34,000, totaling Rs 1,53,000.

Where can I find the Sub Registrar Office for Radhakrishnan Garden?

The Sub Registrar Office for Radhakrishnan Garden is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.