Guideline Value

Corporate

Guideline Value for Radha Nagar Extn 3rd Street

₹3850/sq.ft.

The guideline value for Radha Nagar Extn 3rd Street in Velachery village (Velacheri SRO, Chennai zone) is Rs 3850 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Velachery

Village

Velacheri

SRO

Residential Class II Type - III
History
Period Guideline Value
From 1-7-2024 ₹3850 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1800 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042
044-22553736
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Radha Nagar Extn 3rd Street

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Radha Nagar Extn 3rd Street guideline value

The current guideline value of Radha Nagar Extn 3rd Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Velachery village and falls under the Velacheri SRO. The land classification for this area is Residential Class II Type - III.

How the guideline value of Radha Nagar Extn 3rd Street has changed

Over the years, the guideline value of Radha Nagar Extn 3rd Street has seen several revisions. The earliest recorded figure is from 2007, set at Rs 1,800 per sq.ft. This increased significantly to Rs 3,500 per sq.ft in 2012, marking a 94% rise. However, the value then decreased to Rs 2,345 per sq.ft in 2017, reflecting a decline of 33%. The most recent revision in 2024 has brought the guideline value to Rs 3,850 per sq.ft, which is an increase of 64% from 2017.

It is important to note that there are no figures available for the years 2023, 2003, and 2002 for this street. Overall, from 2007 to 2024, the guideline value has increased by 114%.

Guideline values in Velachery

In Velachery, there are a total of 2,691 streets under the Velacheri SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 13,200 per sq.ft, with a median value of Rs 4,400 per sq.ft. The guideline value of Radha Nagar Extn 3rd Street is below this median.

Stamp duty and registration fee for property in Radha Nagar Extn 3rd 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, bringing the total cost for these fees to 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 on calculating these fees, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Radha Nagar Extn 3rd Street?

The Sub Registrar Office that covers Radha Nagar Extn 3rd Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Velachery. It is used as a benchmark for determining the minimum value at which properties can be registered. When buying or selling property, the guideline value is essential for calculating stamp duty and registration fees.

When a property is registered, the authorities use the guideline value to ensure that the transaction is documented at a fair price. This helps in maintaining transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value of Radha Nagar Extn 3rd Street?

The current guideline value of Radha Nagar Extn 3rd 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 has changed from Rs 1,800 per sq.ft in 2007 to Rs 3,850 per sq.ft in 2024, marking an overall increase of 114% over this period.

What are the stamp duty and registration fees for properties in this area?

For a 1,000 sq.ft property, the total guideline value is 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 office handles property registrations for Radha Nagar Extn 3rd Street?

The Velacheri Sub Registrar Office handles property registrations for Radha Nagar Extn 3rd Street, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What is the land classification for Radha Nagar Extn 3rd Street?

The land classification for Radha Nagar Extn 3rd Street is Residential Class II Type - III.