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Guideline Value

Corporate

Guideline Value for Radha Avenue 3rd Street

₹3850/sq.ft.

The guideline value for Radha Avenue 3rd 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 3rd Street

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Radha Avenue 3rd Street guideline value

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

How the guideline value of Radha Avenue 3rd Street has changed

Over the years, the guideline value of Radha Avenue 3rd Street has seen significant changes. In 2002, the guideline value was Rs 243 per sq.ft. This increased to Rs 265 per sq.ft in 2003, marking a change of +9%. By 2007, the value surged to Rs 500 per sq.ft, reflecting an increase of +89%. The 2012 revision maintained the value at Rs 3,500 per sq.ft, which was a substantial rise of +600% from the 2007 figure. In 2023, the guideline value remained at Rs 3,500 per sq.ft, and then it increased by +10% to Rs 3,850 per sq.ft in the 2024 revision.

It is important to note that there is no figure available for the year 2017 in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by +1,484%.

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 is Rs 3,850 per sq.ft, which is the same as the current value for Radha Avenue 3rd Street.

Stamp duty and registration fee for property in Radha Avenue 3rd 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, bringing the total to Rs 3,46,500. 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 Radha Avenue 3rd Street?

The Sub Registrar Office that covers Radha Avenue 3rd 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 details.

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

The guideline value is a crucial factor when registering property transactions in Valasaravakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property. Buyers and sellers must consider this value to ensure compliance with local regulations.

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

Frequently asked questions

What is the current guideline value of Radha Avenue 3rd Street?

The current guideline value of Radha Avenue 3rd 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 changed significantly from Rs 243 per sq.ft in 2002 to Rs 3,850 per sq.ft in 2024, reflecting an overall increase of +1,484%.

What is the land classification for Radha Avenue 3rd Street?

Radha Avenue 3rd Street is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 38,50,000, the stamp duty is Rs 2,69,500 and the registration fee is Rs 77,000, totaling Rs 3,46,500.

Which office handles registrations for Radha Avenue 3rd Street?

The Virugambakkam Sub Registrar Office handles registrations for Radha Avenue 3rd Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.