Guideline Value for Radha Nagar 6th Street

Radha Nagar 6th Street guideline value

The current guideline value of Radha Nagar 6th Street is Rs 3,850 per sq.ft. This street is located in Valasaravakkam village, under the jurisdiction of the Virugambakkam Sub Registrar Office. The land classification for this area is Residential Class II Type - I.

How the guideline value of Radha Nagar 6th Street has changed

The guideline value for Radha Nagar 6th Street has undergone several revisions over the years. The earliest recorded revision was in 2012, where the guideline value was Rs 3,500 per sq.ft. In 2024, this value increased to Rs 3,850 per sq.ft, reflecting a change of +10% from the 2012 figure. The register has no figures for the years 2002, 2003, 2007, 2017, and 2023.

With the 2024 revision, the guideline value of Rs 3,850 per sq.ft aligns with the median value of Rs 3,850 per sq.ft for the 774 streets in Valasaravakkam under the Virugambakkam SRO. This indicates a consistent valuation for this street compared to others in the area.

Guideline values in Valasaravakkam

In Valasaravakkam, the guideline values for properties range from Rs 2,750 to Rs 8,800 per sq.ft, with a median value of Rs 3,850 per sq.ft. Radha Nagar 6th Street's 2024 guideline value is equal to this median. Below are the guideline values for other streets in Valasaravakkam:

• Radha Nagar 5th Street: Rs 3,850 per sq.ft (2024)
• Radha Nagar 4th Street: Rs 3,850 per sq.ft (2024)
• Radha Nagar Anex: Rs 3,850 per sq.ft (2024)
• Radha Nagar 3rd Street: Rs 3,850 per sq.ft (2024)
• Radha Nagar 2nd Street: Rs 3,850 per sq.ft (2024)
• Radha Nagar 1st Street: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Radha Nagar 6th 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 at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, leading to a total cost of Rs 3,46,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Radha Nagar 6th Street?

The Radha Nagar 6th Street falls under the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration of property transactions in Valasaravakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that all transactions are recorded at a fair value as determined by the Registration Department.

When buying or selling property, the guideline value helps to establish a clear and consistent price point for both buyers and sellers. It is essential to be aware of these values to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Radha Nagar 6th Street?

The current guideline value of Radha Nagar 6th 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 increased from Rs 3,500 per sq.ft in 2012 to Rs 3,850 per sq.ft in 2024, marking a +10% change. The register has no figures for the years 2003, 2007, 2017, and 2023.

What is the land classification for Radha Nagar 6th Street?

Radha Nagar 6th Street is classified as Residential Class II Type - I, which indicates its suitability for residential purposes.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office covering Radha Nagar 6th Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is the stamp duty calculated for properties in Radha Nagar 6th Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the stamp duty would be Rs 2,69,500.