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Guideline Value

Corporate

Guideline Value for Radha Avenue 1st Street

₹3850/sq.ft.

The guideline value for Radha Avenue 1st Street in Valasaravakkam village (Virugambakkam SRO, Chennai zone) is Rs 3850 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Valasaravakkam

Village

Virugambakkam

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹3850 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹3500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹265 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹243 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Radha Avenue 1st Street

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Radha Avenue 1st Street guideline value

The current guideline value of Radha Avenue 1st Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Valasaravakkam village, under the Virugambakkam SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Radha Avenue 1st Street has changed

The guideline value for Radha Avenue 1st Street has undergone several revisions over the years. Starting from Rs 243 per sq.ft in 2002, it increased to Rs 265 per sq.ft in 2003, marking a 9% rise. The value then saw a significant jump to Rs 500 per sq.ft in 2007, which was an increase of 89%. In 2012, the value remained at Rs 3,500 per sq.ft, and this figure was maintained through to the 2023 revision.

In 2023, the guideline value was revised to Rs 3,500 per sq.ft, and then increased by 10% to the current rate of Rs 3,850 per sq.ft in 2024. It is important to note that the register has no figure for this street in 2017. Overall, from 2002 to 2024, the guideline value has increased by 1484%.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO, with guideline values ranging from Rs 2,750 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 3,850 per sq.ft, which is equal to the current value of Radha Avenue 1st Street.

Stamp duty and registration fee for property in Radha Avenue 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, totaling Rs 3,46,500. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Radha Avenue 1st Street?

The Sub Registrar Office that covers Radha Avenue 1st Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

The guideline value is an essential factor in property transactions in Valasaravakkam. It serves as a reference point for determining the stamp duty and registration fees applicable during the registration of property sales. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When a property is sold, the guideline value is used to calculate the applicable duties, which can impact the overall cost of the transaction. It is crucial for both parties to understand how the guideline value influences their financial obligations during the sale process.

Frequently asked questions

What is the current guideline value of Radha Avenue 1st Street?

The current guideline value of Radha Avenue 1st Street is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 243 per sq.ft in 2002 to Rs 3,850 per sq.ft in 2024, marking a significant overall increase of 1484% over this period.

What is the land classification for Radha Avenue 1st Street?

Radha Avenue 1st Street is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Radha Avenue 1st Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is the stamp duty calculated for properties in Radha Avenue 1st Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 38,50,000, the stamp duty would be Rs 2,69,500 at a rate of 7%.