Guideline Value for RADHAKRISHNAN NAGAR 3RD CROSS STREE

Radhakrishnan Nagar 3rd Cross Stree guideline value

The current guideline value of Radhakrishnan Nagar 3rd Cross Stree is Rs 12,660 per sq.ft. This street is located in Thiruvanmiyur village, under the Chennai South Joint I SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Radhakrishnan Nagar 3rd Cross Stree has changed

The guideline value for Radhakrishnan Nagar 3rd Cross Stree has seen significant changes over the years. In the 2002 revision, the guideline value was Rs 1,232 per sq.ft. It increased to Rs 1,363 per sq.ft in 2003, marking an 11% increase. The value rose further to Rs 1,800 per sq.ft in 2007, a 32% increase. The next revision in 2012 saw a decrease to Rs 11,500 per sq.ft, a drop of 539%. In 2017, the value was Rs 7,705 per sq.ft, reflecting a 33% decrease from the previous revision. The guideline value then increased to Rs 11,500 per sq.ft in 2023, and finally, it reached Rs 12,660 per sq.ft in the 2024 revision, which is a 10% increase from 2023.

Overall, from 2002 to 2024, the guideline value has increased by 928%. There are no figures available in the register for the years not mentioned above 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 value is Rs 9,900 per sq.ft, and Radhakrishnan Nagar 3rd Cross Stree's 2024 figure is above this median.

• Radhakrishnan Nagar 2nd Cross Stree: Rs 12,660 per sq.ft (2024)
• Radhakrishnan Nagar Main Road: Rs 12,660 per sq.ft (2024)
• Radhakrishnan Nagar 1st Cross Stree: Rs 12,650 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 3rd Cross Stree

For a 1,000 sq.ft plot at the current guideline value of Rs 12,660 per sq.ft, the total guideline value would be Rs 1,26,60,000. The stamp duty at 7% would amount to Rs 8,86,200, and the registration fee at 2% would be Rs 2,53,200, making the total Rs 11,39,400. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Radhakrishnan Nagar 3rd Cross Stree?

The Sub Registrar Office covering Radhakrishnan Nagar 3rd 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. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor during the registration of property transactions in Thiruvanmiyur. It serves as the basis for calculating the stamp duty and registration fees that need to be paid at the time of registration.

When buying or selling property, it is essential to be aware of the guideline value, as it can significantly impact the overall cost of the transaction. Buyers and sellers should ensure that they are informed about the current guideline value to avoid any unexpected expenses during the registration process.

Frequently asked questions

What is the current guideline value of Radhakrishnan Nagar 3rd Cross Stree?

The current guideline value of Radhakrishnan Nagar 3rd Cross Stree is Rs 12,660 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 1,232 per sq.ft in 2002 to Rs 12,660 per sq.ft in 2024, marking an overall increase of 928% over the years.

What is the land classification of Radhakrishnan Nagar 3rd Cross Stree?

Radhakrishnan Nagar 3rd Cross Stree is classified as Commercial Class I Type - I.

Where can I find the Sub Registrar Office for Radhakrishnan Nagar 3rd Cross Stree?

The Sub Registrar Office for Radhakrishnan Nagar 3rd Cross Stree is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

How is the stamp duty calculated for property in Radhakrishnan Nagar 3rd Cross Stree?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the stamp duty would be Rs 8,86,200.