Guideline Value for Radha Nagar (212/2)

Radha Nagar (212/2) guideline value

The current guideline value for Radha Nagar (212/2) is Rs 2,000 per sq.ft, effective from 1 July 2024. This property is located in Nandhivaram village, under the Gooduvancheri SRO, and is classified as Residential Special Type - II.

How the guideline value of Radha Nagar (212/2) has changed

The guideline value for Radha Nagar has undergone several revisions over the years. In 2007, the guideline value was Rs 328 per sq.ft, which saw a significant increase to Rs 2,000 per sq.ft in 2012. However, it then dropped to Rs 1,340 per sq.ft in 2017 before remaining stable at Rs 2,000 per sq.ft in both the 2023 and 2024 revisions. The register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, the guideline value increased by 49%. The 2012 to 2017 revision saw a decrease of 33%, while there was a remarkable increase of 510% from 2007 to 2012. Overall, from 2007 to 2024, the guideline value has increased by 510%.

Guideline values in Nandhivaram

Nandhivaram has 169 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 1,000 to Rs 3,500 per sq.ft, and a median value of Rs 1,500 per sq.ft. The guideline value for Radha Nagar (212/2) is above this median.

• Radha Nagar (Near G.S.T Road): Rs 3,500 per sq.ft (2024)
• Radhakrishnan Nagar: Rs 1,200 per sq.ft (2024)
• P.R.V. Nagar: Rs 1,000 per sq.ft (2024)
• Priya Nagar: Rs 1,500 per sq.ft (2024)
• Prabhu Avenue: Rs 1,200 per sq.ft (2024)
• Pillaiyar Kovil Street: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Radha Nagar (212/2)

For a 1,000 sq.ft plot at the current rate of Rs 2,000 per sq.ft, the guideline value amounts to Rs 20,00,000. The stamp duty at 7% would be Rs 1,40,000, and the registration fee at 2% would be Rs 40,000, totaling Rs 1,80,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Radha Nagar (212/2)?

The Sub Registrar Office that covers Radha Nagar (212/2) is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Nandhivaram. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used for calculating 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 Nagar (212/2)?

The current guideline value of Radha Nagar (212/2) is Rs 2,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with a significant increase from Rs 328 per sq.ft in 2007 to Rs 2,000 per sq.ft in 2012, and then remaining stable at Rs 2,000 per sq.ft in 2023 and 2024.

What is the land classification of Radha Nagar (212/2)?

Radha Nagar (212/2) is classified as Residential Special Type - II.

Where can I find the registration office for Radha Nagar (212/2)?

The registration office for Radha Nagar (212/2) is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is the stamp duty calculated for property in Radha Nagar (212/2)?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fee would amount to Rs 1,80,000.