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Guideline Value

Corporate

Guideline Value for Radha Avenue 4th Street

₹3850/sq.ft.

The guideline value for Radha Avenue 4th 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 4th Street

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Radha Avenue 4th Street guideline value

The current guideline value of Radha Avenue 4th 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, and is classified as Residential Class II Type - I.

How the guideline value of Radha Avenue 4th Street has changed

The guideline value for Radha Avenue 4th Street has undergone several revisions over the years. In 2002, the value was Rs 243 per sq.ft, which increased to Rs 265 per sq.ft in 2003, marking a change of +9%. The value saw a significant rise to Rs 500 per sq.ft in 2007, reflecting an increase of +89%. The next revision in 2012 maintained the value at Rs 3,500 per sq.ft, showing no change. In 2023, the value remained at Rs 3,500 per sq.ft, and then it was revised to Rs 3,850 per sq.ft in 2024, representing a +10% increase.

It is important to note that there is no figure available for this street in the 2017 revision. 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 4th Street.

Stamp duty and registration fee for property in Radha Avenue 4th 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 the 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 more detailed calculations.

Which Sub Registrar Office covers Radha Avenue 4th Street?

The Sub Registrar Office that covers Radha Avenue 4th 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 plays a crucial role in the registration process when buying or selling property in Valasaravakkam. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the official value set by the state.

When a property is sold, the buyer and seller must consider the guideline value to ensure compliance with local regulations. The registration office uses this value to assess the applicable fees, making it essential for both parties to be aware of the current rates.

Frequently asked questions

What is the current guideline value of Radha Avenue 4th Street?

The current guideline value of Radha Avenue 4th 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, representing an overall increase of +1,484%.

What is the land classification for Radha Avenue 4th Street?

Radha Avenue 4th Street is classified as Residential Class II Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property in Radha Avenue 4th Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 38,50,000, leading to a stamp duty of Rs 2,69,500 and a registration fee of Rs 77,000, totaling Rs 3,46,500.

Which Sub Registrar Office covers Radha Avenue 4th Street?

The Virugambakkam Sub Registrar Office covers Radha Avenue 4th Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.