Guideline Value for RADHAKRISHNAN NAGAR MAIN ROAD

Radhakrishnan Nagar Main Road guideline value

The current guideline value of Radhakrishnan Nagar Main Road is Rs 12,660 per sq.ft, effective from 1 July 2024. This road 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 Main Road has changed

The guideline value for Radhakrishnan Nagar Main Road has seen significant changes over the years. Starting from the 2002 revision, the value was Rs 1,374 per sq.ft. In 2003, it increased to Rs 1,520 per sq.ft, marking an 11% rise. The following revisions continued this upward trend, with the 2007 revision showing a value of Rs 2,200 per sq.ft, an increase of 45%. The 2012 revision brought the value to Rs 11,500 per sq.ft, reflecting a substantial 423% increase from 2007. However, the 2017 revision saw a decrease to Rs 7,705 per sq.ft, a drop of 33% from the previous revision. The value then rose again to Rs 11,500 per sq.ft in 2023, before reaching the current figure of Rs 12,660 per sq.ft in 2024, which is a 10% increase from 2023.

Overall, from 2002 to 2024, the guideline value has increased by 821%. The register has no figures for the years not listed for this street.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO, with guideline values ranging from Rs 3,520 to Rs 12,660 per sq.ft. The median guideline value in this area is Rs 9,900 per sq.ft, placing Radhakrishnan Nagar Main Road's 2024 figure above this median.

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

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

Which Sub Registrar Office covers Radhakrishnan Nagar Main Road?

The Sub Registrar Office that covers Radhakrishnan Nagar Main Road 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 plays a crucial role during the registration of property transactions in Thiruvanmiyur. It is used to determine the stamp duty and registration fees that buyers must pay. The fees are calculated based on the higher of the guideline value or the sale price of the property.

When selling property, the guideline value ensures that the transaction is recorded accurately in the official register. It helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Radhakrishnan Nagar Main Road?

The current guideline value of Radhakrishnan Nagar Main Road 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 from Rs 1,374 per sq.ft in 2002 to Rs 12,660 per sq.ft in 2024, reflecting an overall increase of 821% over the years.

What are the other streets in Thiruvanmiyur with similar guideline values?

Other streets in Thiruvanmiyur include Radhakrishnan Nagar 3rd Cross Stree and Radhakrishnan Nagar 2nd Cross Stree, both at Rs 12,660 per sq.ft, and Radhakrishnan Nagar 1st Cross Stree at Rs 12,650 per sq.ft.

What is the registration fee for property in Radhakrishnan Nagar Main Road?

The registration fee for property in Radhakrishnan Nagar Main Road is calculated based on the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a total registration fee of Rs 11,39,400.

Where can I find the Sub Registrar Office for Radhakrishnan Nagar Main Road?

The Sub Registrar Office for Radhakrishnan Nagar Main Road is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find more information online.