Guideline Value for Radha Nagar - All streets

Radha Nagar - All streets guideline value

The current guideline value for Radha Nagar - All streets is Rs 2,800 per sq.ft, effective from 1 July 2024. This area is located in Ullagaram village and falls under the Alandur SRO, classified as Residential Class II Type - I.

How the guideline value of Radha Nagar - All streets has changed

The guideline value for Radha Nagar - All streets has undergone several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which then decreased to Rs 1,675 per sq.ft in the 2017 revision. In the 2023 revision, the value increased to Rs 2,500 per sq.ft, followed by the latest increase to Rs 2,800 per sq.ft in 2024, marking a 12% rise from the previous year.

From 2017 to 2023, there was a significant increase of 49%, while the change from 2012 to 2017 saw a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 12%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ullagaram

In Ullagaram, there are 298 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 1,700 to Rs 5,500 per sq.ft, with a median value of Rs 2,800 per sq.ft. The guideline value for Radha Nagar - All streets aligns with this median.

• Puzhuthivakkam Main Road: Rs 3,900 per sq.ft (2024)
• Rajagopalan Cross Street: Rs 2,800 per sq.ft (2024)
• Rajagopal Street: Rs 2,800 per sq.ft (2024)
• Rajaji Street: Rs 2,200 per sq.ft (2024)
• Rajamani First Cross Street: Rs 2,800 per sq.ft (2024)
• Rajamani Street Main: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Radha Nagar - All streets

For a 1,000 sq.ft plot at the current rate of Rs 2,800 per sq.ft, the guideline value amounts to Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, totaling Rs 2,52,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Radha Nagar - All streets?

The Alandur Sub Registrar Office covers Radha Nagar - All streets. The office is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for further assistance.

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

The guideline value is a critical factor in property transactions in Ullagaram, as it determines the minimum value for registration. When you buy or sell property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the transaction is officially recorded.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of the transaction. The value can vary between different streets in Ullagaram, reflecting the local market conditions and property classifications.

Frequently asked questions

What is the current guideline value for Radha Nagar - All streets?

The current guideline value for Radha Nagar - All streets is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then back to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,800 per sq.ft in 2024.

What is the land classification for Radha Nagar - All streets?

Radha Nagar - All streets is classified as Residential Class II Type - I.

Where is the Alandur Sub Registrar Office located?

The Alandur Sub Registrar Office is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 28,00,000, the stamp duty would be Rs 1,96,000 at 7%.