Guideline Value for RADIANCE MARINA

Radiance Marina guideline value

The current guideline value of Radiance Marina, located in Mugaiyoor village under the Cheyyur SRO, is Rs 600 per sq.ft, effective from 1 July 2024. This property falls under the Residential Special Type - II land classification.

How the guideline value of Radiance Marina has changed

According to the guideline value register, the 2024 revision shows a value of Rs 600 per sq.ft, which is the same as the 2023 revision. There are no figures available for the revisions in 2017, 2012, 2007, 2003, and 2002 for this street.

The guideline value has remained stable at Rs 600 per sq.ft from 2023 to 2024, indicating no percentage change. The absence of figures for earlier revisions suggests that the guideline value for Radiance Marina has not been updated in the register for those years.

Guideline values in Mugaiyoor

Mugaiyoor village has a range of guideline values for its streets, with seven streets under the Cheyyur SRO carrying a 2024 figure ranging from Rs 400 to Rs 1,000 per sq.ft. The median value is Rs 600 per sq.ft, which is equal to the guideline value of Radiance Marina.

• Sea Breaze: Rs 400 per sq.ft (2024)
• Muthu Nagar: Rs 600 per sq.ft (2024)
• Happy Bay Annexe: Rs 400 per sq.ft (2024)
• Happy Bay: Rs 400 per sq.ft (2024)
• Ocean Abode: Rs 1,000 per sq.ft (2024)
• Vanavil Bala Beach: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Radiance Marina

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total fees to Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Radiance Marina?

The Sub Registrar Office that covers Radiance Marina is the Cheyyur Sub Registrar Office, located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when buying or selling property in Mugaiyoor, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Radiance Marina?

The current guideline value of Radiance Marina is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft from 2023 to 2024, with no figures available for revisions in 2017, 2012, 2007, 2003, and 2002 for this street.

What are the guideline values of other streets in Mugaiyoor?

Other streets in Mugaiyoor have varying guideline values, with rates ranging from Rs 400 to Rs 1,000 per sq.ft. The median for these streets is Rs 600 per sq.ft, which matches the guideline value of Radiance Marina.

How is stamp duty calculated for properties in Radiance Marina?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 42,000.

Where is the Cheyyur Sub Registrar Office located?

The Cheyyur Sub Registrar Office is located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone. This office handles the registration of properties in the area.