Guideline Value for RADHAKRISHNAN STREET, CHARLES NAGAR

Radhakrishnan Street, Charles Nagar guideline value

The current guideline value of Radhakrishnan Street, Charles Nagar is Rs 988 per sq.ft, effective from 1 July 2024. This street is located in Thandurai village and falls under the Avadi SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Radhakrishnan Street, Charles Nagar has changed

Since the 2002 revision, the guideline value for Radhakrishnan Street has seen significant changes. In 2002, the guideline value was Rs 152 per sq.ft, which increased to Rs 174 per sq.ft in 2003, marking a 14% rise. The value continued to rise to Rs 478 per sq.ft in 2007, reflecting a substantial increase of 175%. By 2012, the value had risen to Rs 900 per sq.ft, representing an 88% increase from the previous revision. However, it then decreased to Rs 603 per sq.ft in 2017, showing a decline of 33%.

From 2017 to 2023, the guideline value increased significantly to Rs 900 per sq.ft, which is a rise of 49%. The most recent revision in 2024 saw the guideline value reach Rs 988 per sq.ft, marking a 10% increase from the previous year. There are no figures available for the revisions in years not mentioned in this context.

Guideline values in Thandurai

In Thandurai, there are 331 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 2,640 per sq.ft. The median guideline value for these streets is Rs 988 per sq.ft, which is equal to the 2024 figure for Radhakrishnan Street.

• Pushparaj Naidu Street, Railway Line Northern Side: Rs 801 per sq.ft (2024)
• Railway Line Southern Side Streets: Rs 988 per sq.ft (2024)
• Railway Line Streets (South): Rs 988 per sq.ft (2024)
• Rajagopal Street, (M.T.H.Road Southern Side): Rs 988 per sq.ft (2024)
• P.T.M.S.Street, Ambedkar Nagar: Rs 988 per sq.ft (2024)
• Profeser Street: Rs 988 per sq.ft (2024)

Stamp duty and registration fee for property in Radhakrishnan Street, Charles Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 988 per sq.ft, the total guideline value would be Rs 9,88,000. The stamp duty at 7% would amount to Rs 69,160, while the registration fee at 2% would be Rs 19,760. Together, the total cost for stamp duty and registration fees would be Rs 88,920. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Radhakrishnan Street, Charles Nagar?

The Sub Registrar Office that covers Radhakrishnan Street, Charles Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Thandurai. It serves as a basis for determining the stamp duty and registration fees that must be paid when buying or selling property. The guideline value is set by the Registration Department and is updated periodically to reflect changes in the market.

When a property is sold, the buyer must ensure that the sale price is at least equal to the guideline value to avoid any legal issues during registration. The registration process requires the payment of fees based on the guideline value or the sale price, whichever is higher, ensuring that the appropriate taxes are collected by the government.

Frequently asked questions

What is the current guideline value of Radhakrishnan Street, Charles Nagar?

The current guideline value of Radhakrishnan Street, Charles Nagar is Rs 988 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 152 per sq.ft in 2002 to Rs 988 per sq.ft in 2024, reflecting an overall increase of 550% over the years.

What is the land classification for Radhakrishnan Street?

Radhakrishnan Street is classified as Residential Class II Type - I, indicating its suitability for residential development.

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

The Avadi Sub Registrar Office covers Radhakrishnan Street, and it is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the stamp duty calculated for properties in Thandurai?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 9,88,000 would incur a stamp duty of Rs 69,160 at 7%.