Guideline Value for RADIANCE GARNET

Radiance Garnet guideline value

The current guideline value of Radiance Garnet is Rs 4,300 per sq.ft. It is located in Perumbakkam village, under the Selaiyur SRO. The land classification for this area is Mixed Type - I.

How the guideline value of Radiance Garnet has changed

Looking at the revisions, the guideline value for Radiance Garnet has seen notable changes. The register has no figure for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the value at Rs 4,030 per sq.ft, which was then increased by 7% to Rs 4,300 per sq.ft in the 2024 revision.

This represents a change from Rs 4,030 per sq.ft in 2023 to Rs 4,300 per sq.ft in 2024. The increase reflects a rise in the guideline value over the past year.

Guideline values in Perumbakkam

In Perumbakkam, there are 225 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 4,800 per sq.ft, with a median value of Rs 2,725 per sq.ft. Radiance Garnet's 2024 figure of Rs 4,300 per sq.ft is above this median.

• Radiance Mercury: Rs 2,725 per sq.ft (2024)
• Radha Nagar Ambethkar Street: Rs 3,300 per sq.ft (2024)
• Radha Nagar 1st to 5th Main Road: Rs 3,300 per sq.ft (2024)
• Radha Nagar 1st to 14th Cross Street: Rs 3,300 per sq.ft (2024)
• Radha Nagar: Rs 3,300 per sq.ft (2024)
• Pudhu Nagar Nethaji Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Radiance Garnet

For a 1,000 sq.ft plot at the current rate of Rs 4,300 per sq.ft, the guideline value amounts to Rs 43,00,000. The stamp duty at 7% would be Rs 3,01,000, and the registration fee at 2% would be Rs 86,000, totaling Rs 3,87,000. 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 more details.

Which Sub Registrar Office covers Radiance Garnet?

The Sub Registrar Office covering Radiance Garnet is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a critical factor during property registration in Perumbakkam. It serves as a benchmark for determining the minimum value for stamp duty and registration fees.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. It is essential for buyers and sellers to be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Radiance Garnet?

The current guideline value of Radiance Garnet is Rs 4,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed recently?

From the 2023 revision, which was Rs 4,030 per sq.ft, the guideline value increased by 7% to Rs 4,300 per sq.ft in the 2024 revision.

What is the land classification for Radiance Garnet?

The land classification for Radiance Garnet is Mixed Type - I.

What are the stamp duty and registration fees for a property in Radiance Garnet?

For a property valued at Rs 43,00,000, the stamp duty at 7% is Rs 3,01,000, and the registration fee at 2% is Rs 86,000, totaling Rs 3,87,000.

Which office handles registrations for properties in Radiance Garnet?

The Selaiyur Sub Registrar Office handles registrations for properties in Radiance Garnet, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.