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Guideline Value

Corporate

Guideline Value for Radha Avenue 5th Street

₹3850/sq.ft.

The guideline value for Radha Avenue 5th 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 5th Street

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Radha Avenue 5th Street guideline value

The current guideline value of Radha Avenue 5th Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Valasaravakkam village under the Virugambakkam SRO, classified as Residential Class II Type - I.

How the guideline value of Radha Avenue 5th Street has changed

The guideline value for Radha Avenue 5th Street has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 243 per sq.ft, which increased to Rs 265 per sq.ft in 2003, marking a 9% rise. The following revision in 2007 saw a significant jump to Rs 500 per sq.ft, reflecting an 89% increase. In 2012, the value remained at Rs 3,500 per sq.ft, and this figure persisted through the 2023 revision.

In 2024, the guideline value was revised to Rs 3,850 per sq.ft, representing a 10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 1484%. It is important to note that there is no figure available for this street in the 2017 revision.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO with a 2024 guideline value ranging from Rs 2,750 to Rs 8,800 per sq.ft. The median value is Rs 3,850 per sq.ft, which matches the current guideline value of Radha Avenue 5th Street.

Stamp duty and registration fee for property in Radha Avenue 5th 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, calculated at 7%, would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000. Together, the total cost for duties and fees would be Rs 3,46,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Radha Avenue 5th Street?

The Sub Registrar Office that covers Radha Avenue 5th 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 further assistance.

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

The guideline value plays a crucial role in property transactions in Valasaravakkam. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must consider the guideline value as it influences the overall cost of the property transaction.

When registering a property, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable duties and fees. This ensures that the government receives the correct amount based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Radha Avenue 5th Street?

The current guideline value of Radha Avenue 5th 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 from Rs 243 per sq.ft in 2002 to Rs 3,850 per sq.ft in 2024, showing an overall increase of 1484% over the years.

What is the land classification for Radha Avenue 5th Street?

Radha Avenue 5th Street is classified as Residential Class II Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties in this area?

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

Which office handles the registration for Radha Avenue 5th Street?

The Virugambakkam Sub Registrar Office handles the registration for Radha Avenue 5th Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.