Guideline Value for RADHAKRISHNAN NAGAR 2ND CROSS STREE

Radhakrishnan Nagar 2nd Cross Stree guideline value

The current guideline value for Radhakrishnan Nagar 2nd Cross Stree is Rs 12,660 per sq.ft, effective from 1 July 2024. This street is located in Thiruvanmiyur village and falls under the Chennai South Joint I SRO. The land classification for this area is Commercial Class I Type - I.

How the guideline value of Radhakrishnan Nagar 2nd Cross Stree has changed

The guideline value for Radhakrishnan Nagar 2nd Cross Stree has seen significant changes over the years. In 2002, the guideline value was Rs 1,096 per sq.ft. It increased to Rs 1,213 per sq.ft in 2003, marking an 11% rise. The value continued to climb, reaching Rs 1,800 per sq.ft in 2007, which was a 48% increase from the previous revision. The value then surged to Rs 11,500 per sq.ft in 2012, reflecting a remarkable 539% jump. However, it dropped to Rs 7,705 per sq.ft in 2017, a decrease of 33%. The guideline value rose again to Rs 11,500 per sq.ft in 2023, and currently stands at Rs 12,660 per sq.ft as of the 2024 revision, marking a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1055%. There are no figures available for the revisions of years not listed for this street.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 3,520 to Rs 12,660 per sq.ft. The median guideline value for these streets is Rs 9,900 per sq.ft, placing Radhakrishnan Nagar 2nd Cross Stree above this median.

• Radhakrishnan Nagar 1st Cross Stree: Rs 12,650 per sq.ft (2024)
• Radhakrishnan Nagar 3rd Cross Stree: Rs 12,660 per sq.ft (2024)
• Radhakrishnan Nagar Main Road: Rs 12,660 per sq.ft (2024)
• Puthiran Kanni Kutai Slum: Rs 7,150 per sq.ft (2024)
• Rajagopal Street: Rs 12,650 per sq.ft (2024)
• Rajaji Nagar: Rs 9,900 per sq.ft (2024)

Stamp duty and registration fee for property in Radhakrishnan Nagar 2nd Cross Stree

For a 1,000 sq.ft plot at the current rate of Rs 12,660 per sq.ft, the guideline value amounts to Rs 1,26,60,000. The stamp duty at 7% would be Rs 8,86,200, and the registration fee at 2% would be Rs 2,53,200, totaling Rs 11,39,400. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Radhakrishnan Nagar 2nd Cross Stree?

The Sub Registrar Office that covers Radhakrishnan Nagar 2nd Cross Stree is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration of property transactions in Thiruvanmiyur. It serves as the basis for calculating stamp duty and registration fees, which are mandatory costs incurred during the buying or selling process.

When a property is sold, the guideline value helps determine the official value for tax purposes. Buyers should be aware that the stamp duty is charged on the higher of the guideline value and the sale price, ensuring that the correct fees are applied during registration.

Frequently asked questions

What is the current guideline value for Radhakrishnan Nagar 2nd Cross Stree?

The current guideline value for Radhakrishnan Nagar 2nd Cross Stree is Rs 12,660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 1,096 per sq.ft in 2002 and reaching Rs 12,660 per sq.ft in 2024, which is an increase of 1055% overall.

What is the land classification for Radhakrishnan Nagar 2nd Cross Stree?

The land classification for Radhakrishnan Nagar 2nd Cross Stree is Commercial Class I Type - I.

Where can I calculate stamp duty and registration fees?

You can calculate stamp duty and registration fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers this area?

The Chennai South Joint I Sub Registrar Office covers Radhakrishnan Nagar 2nd Cross Stree, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035.