Guideline Value for RADHAKRISHNAN STREET

Radhakrishnan Street guideline value

The current guideline value of Radhakrishnan Street in Pallikaranai village is Rs 1,110 per sq.ft, effective from 1 July 2024. This street falls under the Chennai South Joint I SRO and is classified as Residential Class IV Type - III.

How the guideline value of Radhakrishnan Street has changed

In the 2012 revision, the guideline value for Radhakrishnan Street was Rs 1,000 per sq.ft. This figure remained unchanged in the 2023 revision. However, the 2024 revision saw an increase to Rs 1,110 per sq.ft, marking an 11% rise from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 11%. Notably, there are no figures available for the revisions in 2002, 2003, 2007, and 2017 for this street.

Guideline values in Pallikaranai

In Pallikaranai, there are 749 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, placing Radhakrishnan Street's 2024 figure below that median.

• Pushpa Street: Rs 1,320 per sq.ft (2024)
• Raghavendra Nagar: Rs 1,320 per sq.ft (2024)
• Rajaji Avenue: Rs 1,320 per sq.ft (2024)
• Pugavanathamman Street: Rs 1,320 per sq.ft (2024)
• Pugalendhi Street: Rs 1,320 per sq.ft (2024)
• Pudhuthangal Muvendhar Street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Radhakrishnan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,110 per sq.ft, the total guideline value would be Rs 11,10,000. The stamp duty at 7% would amount to Rs 77,700, while the registration fee at 2% would be Rs 22,200, bringing the total cost for these fees together to Rs 99,900. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Radhakrishnan Street?

The Sub Registrar Office that covers Radhakrishnan Street 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 details.

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

The guideline value is a crucial factor when registering property transactions in Pallikaranai. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When buying or selling property, it is essential to be aware of the current guideline value to ensure compliance with local regulations and to accurately calculate the associated costs. This helps in avoiding any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Radhakrishnan Street?

The current guideline value of Radhakrishnan Street is Rs 1,110 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2012 revision, the guideline value has increased from Rs 1,000 per sq.ft to Rs 1,110 per sq.ft in 2024, marking an overall increase of 11%.

Are there any years with no guideline value figures for Radhakrishnan Street?

Yes, the register has no figures for Radhakrishnan Street for the years 2002, 2003, 2007, and 2017.

What are the other streets in Pallikaranai with their guideline values?

Other streets in Pallikaranai include Pushpa Street, Raghavendra Nagar, Rajaji Avenue, Pugavanathamman Street, Pugalendhi Street, and Pudhuthangal Muvendhar Street, all with a guideline value of Rs 1,320 per sq.ft for 2024.

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

The Sub Registrar Office for Radhakrishnan Street 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.