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Guideline Value

Corporate

Guideline Value for Radha Avenue 1st Cross Street

₹3850/sq.ft.

The guideline value for Radha Avenue 1st Cross 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 ₹2345 /sq.ft.
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 N/A
From 1-4-2002 To 31-3-2003 N/A
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 Cross Street

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Radha Avenue 1st Cross Street guideline value

The current guideline value for Radha Avenue 1st Cross 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 1st Cross Street has changed

Over the years, the guideline value for Radha Avenue 1st Cross Street has seen significant changes. The earliest recorded figure is from the 2007 revision, which was Rs 500 per sq.ft. This value increased dramatically to Rs 3,500 per sq.ft in 2012, marking a 600% rise. However, the value then decreased to Rs 2,345 per sq.ft in 2017, a decline of 33%. The subsequent revisions saw an increase, with the 2023 figure set at Rs 3,500 per sq.ft, followed by a rise to Rs 3,850 per sq.ft in 2024, reflecting a 10% increase.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, from 2007 to 2024, the guideline value has risen by 670%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO that carry a 2024 guideline value, ranging from Rs 2,750 to Rs 8,800 per sq.ft. The median value for these streets is Rs 3,850 per sq.ft, which is equal to the current value of Radha Avenue 1st Cross Street.

Stamp duty and registration fee for property in Radha Avenue 1st Cross 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%, is Rs 2,69,500, while the registration fee at 2% is Rs 77,000, bringing the total fees to Rs 3,46,500. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Radha Avenue 1st Cross Street?

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

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

The guideline value is crucial during 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 a standard valuation set by the government.

When a property is sold, the buyer and seller must refer to the guideline value to ascertain the applicable fees. This value is used to calculate the stamp duty, which is a mandatory cost associated with property transactions.

Frequently asked questions

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

The current guideline value of Radha Avenue 1st Cross 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 500 per sq.ft in 2007 to Rs 3,850 per sq.ft in 2024, marking an overall increase of 670% over the years.

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

Radha Avenue 1st Cross 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 area?

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

How is the stamp duty calculated for properties in Valasaravakkam?

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