Guideline Value for RADIANCE SMARTVILLE

Radiance Smartville guideline value

The current guideline value of Radiance Smartville is Rs 2,470 per sq.ft, effective from 1 July 2024. This property is located in Padappai village under the Padappai SRO, and the land classification is Mixed Type - II.

How the guideline value of Radiance Smartville has changed

The guideline value for Radiance Smartville has seen significant changes over the years. The 2017 revision set the value at Rs 1,500 per sq.ft, which increased to Rs 2,239 per sq.ft in the 2023 revision. The latest revision in 2024 has raised the guideline value to Rs 2,470 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%, and overall, from 2017 to 2024, it has risen by 65%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Padappai

In Padappai, there are 146 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 4,000 per sq.ft, with a median value of Rs 830 per sq.ft. Radiance Smartville's guideline value is above this median.

• Radha Nagar: Rs 1,320 per sq.ft (2024)
• Pushpagiri Salai: Rs 830 per sq.ft (2024)
• Primier Nagar: Rs 990 per sq.ft (2024)
• Rajeswari Nagar: Rs 1,320 per sq.ft (2024)
• P.M.D Nagar: Rs 3,300 per sq.ft (2024)
• Perumal Koil Street: Rs 830 per sq.ft (2024)

Stamp duty and registration fee for property in Radiance Smartville

For a 1,000 sq.ft plot at the current guideline value of Rs 2,470 per sq.ft, the total guideline value would be Rs 24,70,000. The stamp duty at 7% would amount to Rs 1,72,900, and the registration fee at 2% would be Rs 49,400, making the total cost Rs 2,22,300. 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 Smartville?

The Sub Registrar Office that covers Radiance Smartville is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when registering a property in Padappai. It serves as the base for calculating the stamp duty and registration fees, which are essential costs in the property transaction process.

When buying or selling a property, the guideline value ensures that the transaction is recorded at a fair value, reflecting the official rates set by the government. This helps in maintaining transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value of Radiance Smartville?

The current guideline value of Radiance Smartville is Rs 2,470 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,500 per sq.ft in 2017 to Rs 2,239 per sq.ft in 2023, and then to Rs 2,470 per sq.ft in 2024. This represents a 65% increase overall from 2017 to 2024.

What is the land classification of Radiance Smartville?

The land classification of Radiance Smartville is Mixed Type - II, which indicates the type of development allowed in the area.

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

Other streets in Padappai under the Padappai SRO include Radha Nagar at Rs 1,320 per sq.ft, Pushpagiri Salai at Rs 830 per sq.ft, and P.M.D Nagar at Rs 3,300 per sq.ft, among others.

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

The Sub Registrar Office for Radiance Smartville is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find more information about your SRO online.