Guideline Value for Radha Avenue

Radha Avenue guideline value

The current guideline value of Radha Avenue is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Chitlapakkam village under the Tambaram Joint 1 SRO and is classified as Residential Class II Type - II.

How the guideline value of Radha Avenue has changed

The guideline value for Radha Avenue has seen several revisions over the years. In 2012, the value was Rs 1,000 per sq.ft, which then decreased to Rs 670 per sq.ft in 2017. Following this, the value increased to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,100 per sq.ft from the 2024 revision.

From 2017 to 2023, there was a significant increase of 49%. The 2023 to 2024 revision reflects a 10% increase. Overall, from the 2012 revision to the current 2024 value, there has been a 10% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Chitlapakkam

In Chitlapakkam, there are 548 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 8,800 per sq.ft, with a median value of Rs 1,650 per sq.ft. Radha Avenue's current guideline value is below this median.

• Radhakrishna St: Rs 1,650 per sq.ft (2024)
• Queen Elizabeth Street: Rs 1,100 per sq.ft (2024)
• Puthther street: Rs 1,100 per sq.ft (2024)
• Ragavendra Avenue: Rs 2,750 per sq.ft (2024)
• Purushothama Street: Rs 1,650 per sq.ft (2024)
• Purushothama Ist Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Radha Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees to Rs 99,000. It is important to note that 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?

Radha Avenue falls under the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor in property transactions in Chitlapakkam. It is used to calculate the stamp duty and registration fees when a property is bought or sold, ensuring that these fees are based on a standardized value set by the government.

When registering a property, buyers and sellers must refer to the current guideline value to determine the applicable fees. This helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Radha Avenue?

The current guideline value of Radha Avenue is Rs 1,100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,100 per sq.ft from the 2024 revision.

What is the land classification of Radha Avenue?

Radha Avenue is classified as Residential Class II Type - II, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for properties in Radha Avenue?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which office handles registrations for Radha Avenue?

The Tambaram Joint 1 Sub Registrar Office handles registrations for Radha Avenue, located at No.26, Mes Road, East Tambaram, Chennai-600059.