Guideline Value for Radha Nagar Anex

Radha Nagar Anex guideline value

The current guideline value of Radha Nagar Anex is Rs 3,850 per sq.ft, effective from 1 July 2024. This area is located in Valasaravakkam village under the Virugambakkam SRO, classified as Residential Class II Type - I.

How the guideline value of Radha Nagar Anex has changed

The guideline value has seen several revisions over the years. In 2002, the value was Rs 429 per sq.ft, which increased to Rs 467 per sq.ft in 2003, marking a change of +9%. By 2007, the value rose significantly to Rs 500 per sq.ft, an increase of +7%. The 2012 revision brought the value to Rs 3,500 per sq.ft, reflecting a substantial increase of +600% from the previous figure. The most recent revision in 2024 set the guideline value at Rs 3,850 per sq.ft, which is a +10% increase from 2012.

There are no figures available for the revisions in 2017 and 2023 for this street. Overall, from 2002 to 2024, the guideline value has increased by +797%.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO, with guideline values in 2024 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 matches the guideline value for Radha Nagar Anex.

• Radha Nagar 6th Street: Rs 3,850 per sq.ft (2024)
• Radha Nagar 5th Street: Rs 3,850 per sq.ft (2024)
• Radha Nagar 4th Street: 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 Anex

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value would be Rs 38,50,000. The stamp duty at 7% would amount to Rs 2,69,500, and the registration fee at 2% would be Rs 77,000. Together, these fees would total 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. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Radha Nagar Anex?

The Sub Registrar Office covering Radha Nagar Anex is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for further assistance.

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

The guideline value is an important factor during the registration of property transactions in Valasaravakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When a property is registered, the guideline value helps ensure that the transaction is recorded at a fair value, which aids in maintaining transparency in the real estate market. Buyers and sellers should be aware of the current guideline value to accurately assess their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Radha Nagar Anex?

The current guideline value of Radha Nagar Anex 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 increased from Rs 429 per sq.ft in 2002 to Rs 3,850 per sq.ft in 2024, marking an overall increase of +797% over the years.

What are the stamp duty and registration fees for a property in Radha Nagar Anex?

For a property valued at Rs 38,50,000, the stamp duty would be Rs 2,69,500 and the registration fee would be Rs 77,000, totaling Rs 3,46,500.

Which Sub Registrar Office covers Radha Nagar Anex?

The Virugambakkam Sub Registrar Office covers Radha Nagar Anex, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

Are there other streets with the same guideline value in Valasaravakkam?

Yes, several other streets in Valasaravakkam have the same guideline value of Rs 3,850 per sq.ft in 2024, including Radha Nagar 1st Street, 2nd Street, 3rd Street, 4th Street, 5th Street, and 6th Street.