Guideline Value for RADIANT AVENUE

Radiant Avenue guideline value

The current guideline value of Radiant Avenue in Perumattu Nellore village is Rs 2,500 per sq.ft, effective from 1 July 2024. This street falls under the Chengleput Joint II SRO and is classified as Residential Special Type - III.

How the guideline value of Radiant Avenue has changed

The guideline value for Radiant Avenue has remained consistent in recent revisions. In the 2023 revision, the value was Rs 2,500 per sq.ft, and this figure has not changed in the 2024 revision, which also lists the value at Rs 2,500 per sq.ft. The register has no figure for this street in the years 2002, 2003, 2007, 2012, and 2017.

Thus, the guideline value has experienced no increase or decrease from 2023 to 2024, indicating stability in this period. The consistent figure suggests that the valuation has not fluctuated despite the passage of time.

Guideline values in Perumattu Nellore

In Perumattu Nellore, there are 83 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 500 to Rs 2,850 per sq.ft. The median value for these streets is Rs 700 per sq.ft, placing Radiant Avenue's 2024 figure above this median.

• Rajaji Avenue: Rs 800 per sq.ft (2024)
• Rajaji Nagar: Rs 800 per sq.ft (2024)
• Rajajipuram: Rs 500 per sq.ft (2024)
• Pillayar Koil St: Rs 700 per sq.ft (2024)
• Rathina Mangala Nagar: Rs 500 per sq.ft (2024)
• Patel Nagar: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Radiant Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 2,500 per sq.ft, the total guideline value would be Rs 25,00,000. The stamp duty at 7% would amount to Rs 1,75,000, and the registration fee at 2% would be Rs 50,000, making the total charges Rs 2,25,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for precise calculations based on your property details.

Which Sub Registrar Office covers Radiant Avenue?

The Sub Registrar Office covering Radiant Avenue is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Perumattu Nellore. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring compliance with local regulations.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are based on the higher of the guideline value or the actual sale price. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Radiant Avenue?

The current guideline value of Radiant Avenue is Rs 2,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Radiant Avenue has been Rs 2,500 per sq.ft in both the 2023 and 2024 revisions, showing no change. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017.

What are the guideline values for other streets in Perumattu Nellore?

Other streets in Perumattu Nellore have varying guideline values ranging from Rs 500 to Rs 800 per sq.ft. Radiant Avenue's value is above the median of Rs 700 per sq.ft for the area.

What fees are associated with buying property in Radiant Avenue?

When buying property in Radiant Avenue, the stamp duty is charged at 7% and the registration fee at 2% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 2,500 per sq.ft, the total fees would amount to Rs 2,25,000.

Where is the Sub Registrar Office for Radiant Avenue located?

The Chengleput Joint II Sub Registrar Office, which covers Radiant Avenue, is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles all registration activities for properties in the area.