Guideline Value for RADIANCE PARADISE

Radiance Paradise guideline value

The current guideline value of Radiance Paradise, located in Enjambakkam village under the Neelankarai SRO, is Rs 6,600 per sq.ft, effective from 1 July 2024. This property falls under the Residential Special Type - I land classification.

How the guideline value of Radiance Paradise has changed

The guideline value for Radiance Paradise has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 6,600 per sq.ft, which is an increase from the 2023 revision figure of Rs 6,000 per sq.ft, marking a change of +10%. Prior to the 2023 revision, there are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

In summary, the 2024 revision reflects a notable increase compared to the previous year. The guideline values for the years prior to 2023 are not available in the register for Radiance Paradise, indicating a lack of recorded figures during those periods.

Guideline values in Enjambakkam

Within Enjambakkam, there are 253 streets under the Neelankarai SRO that carry a guideline value for 2024, ranging from Rs 1,100 to Rs 7,200 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Radiance Paradise above this median with its current guideline value of Rs 6,600 per sq.ft.

• Raja Avenue: Rs 2,200 per sq.ft (2024)
• Purble Beach Avenue: Rs 5,000 per sq.ft (2024)
• Punitha Anthoniyar Beach Church Colony: Rs 3,300 per sq.ft (2024)
• Priyadharshini Garden: Rs 2,800 per sq.ft (2024)
• Raja Meenakshi Street: Rs 4,500 per sq.ft (2024)
• Rajan Nagar 1st Cross Street: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Radiance Paradise

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, bringing the total fees together to Rs 5,94,000. 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 Paradise?

The Sub Registrar Office that covers Radiance Paradise is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor in the registration process when buying or selling property in Enjambakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Radiance Paradise?

The current guideline value of Radiance Paradise is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value changed from Rs 6,000 per sq.ft in 2023 to Rs 6,600 per sq.ft in 2024, which is a +10% increase. There are no recorded figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification for Radiance Paradise?

Radiance Paradise is classified as Residential Special Type - I under the current guideline value regulations.

Where can I find the Sub Registrar Office for Radiance Paradise?

The Sub Registrar Office for Radiance Paradise is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is the stamp duty calculated for properties in Radiance Paradise?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value would incur a total stamp duty of Rs 4,62,000.