Guideline Value for RADHAKRISHNAN ST

Radhakrishnan St guideline value

The current guideline value of Radhakrishnan St in Paruthipattu village is Rs 950 per sq.ft, effective from 1 July 2024. This street falls under the Avadi SRO and is classified as Residential Class II Type - I.

How the guideline value of Radhakrishnan St has changed

The guideline value for Radhakrishnan St has seen several revisions over the years. The 2012 revision set the value at Rs 900 per sq.ft, which then decreased to Rs 603 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 900 per sq.ft, and the most recent 2024 revision has set the value at Rs 950 per sq.ft, marking a 6% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 6%. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 801 to Rs 4,730 per sq.ft, with a median value of Rs 1,625 per sq.ft. The guideline value of Radhakrishnan St is below this median.

• Railway Parking Road: Rs 950 per sq.ft (2024)
• Rainbow Avenue: Rs 1,375 per sq.ft (2024)
• Raja Chowdry St, Govarthanagiri: Rs 1,625 per sq.ft (2024)
• Rajaji St (East): Rs 950 per sq.ft (2024)
• Rajaji St (East)kamaraj Nagar: Rs 950 per sq.ft (2024)
• Prasath St: Rs 950 per sq.ft (2024)

Stamp duty and registration fee for property in Radhakrishnan St

For a 1,000 sq.ft plot at the current guideline value of Rs 950 per sq.ft, the total guideline value would be Rs 9,50,000. The stamp duty, charged at 7%, would amount to Rs 66,500, while the registration fee at 2% would be Rs 19,000. The total amount for these fees would be Rs 85,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Radhakrishnan St?

The Sub Registrar Office covering Radhakrishnan St 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 Paruthipattu

The guideline value is a crucial factor in the registration process when buying or selling property in Paruthipattu. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is used to calculate the stamp duty, ensuring that it reflects the official valuation set by the registration department. This process helps maintain transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of Radhakrishnan St?

The current guideline value of Radhakrishnan St is Rs 950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then back to Rs 900 per sq.ft in 2023, and finally to Rs 950 per sq.ft in 2024.

What is the land classification for Radhakrishnan St?

Radhakrishnan St is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for property in Radhakrishnan St?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot at the current rate, the total fees would be Rs 85,500.

Which office handles the registration for Radhakrishnan St?

The Avadi Sub Registrar Office handles the registration for Radhakrishnan St, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.