Guideline Value for Radha Nagar Cross Street

Radha Nagar Cross Street guideline value

The current guideline value of Radha Nagar Cross Street is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Madambakkam village and falls under the Selaiyur SRO. The land classification for this area is Commercial Class I Type - II.

How the guideline value of Radha Nagar Cross Street has changed

The guideline value for Radha Nagar Cross Street has seen revisions over the years. The 2012 and 2023 revisions both recorded a guideline value of Rs 2,200 per sq.ft, showing no change during that period. However, in the 2024 revision, the value increased to Rs 2,400 per sq.ft, marking a 9% rise from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 9%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2017 for this street.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO, with guideline values ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value is Rs 2,400 per sq.ft, which is equal to the current value of Radha Nagar Cross Street.

• Radha Nagar Main Road: Rs 2,400 per sq.ft (2024)
• Radha Nagar 2nd Street: Rs 2,400 per sq.ft (2024)
• Radha Nagar 1st Street: Rs 2,400 per sq.ft (2024)
• Radha Nagar: Rs 2,400 per sq.ft (2024)
• Professor Colony: Rs 3,800 per sq.ft (2024)
• Rajaji Nagar (Chozhen Nagar): Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Radha Nagar Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value amounts to Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, bringing the total to Rs 2,16,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Radha Nagar Cross Street?

The Sub Registrar Office that covers Radha Nagar Cross Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the property registration process in Madambakkam. It serves as a benchmark for determining the stamp duty and registration fees that are applicable when buying or selling property.

When a property is registered, the guideline value is used to calculate the necessary fees, ensuring that transactions are conducted fairly and transparently. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Radha Nagar Cross Street?

The current guideline value of Radha Nagar Cross Street is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 2,200 per sq.ft from 2012 to 2023, but it increased to Rs 2,400 per sq.ft in 2024, marking a 9% rise from the previous year.

What is the land classification for Radha Nagar Cross Street?

Radha Nagar Cross Street is classified as Commercial Class I Type - II, indicating its suitability for commercial activities.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

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

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 24,00,000, the stamp duty would be Rs 1,68,000 at 7%.