Guideline Value

Corporate

Guideline Value for Radha Nagar Extn Main Road

₹3850/sq.ft.

The guideline value for Radha Nagar Extn Main Road 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 Main Road

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Radha Nagar Extn Main Road guideline value

The current guideline value of Radha Nagar Extn Main Road is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Velachery village under the Velacheri SRO and is classified as Residential Class II Type - III.

How the guideline value of Radha Nagar Extn Main Road has changed

The guideline value for Radha Nagar Extn Main Road has undergone several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 1,800 per sq.ft. This increased significantly to Rs 3,500 per sq.ft in 2012, marking a rise of 94%. However, from 2012 to 2017, the value decreased to Rs 2,345 per sq.ft, a decline of 33%. The most recent revision in 2024 shows a guideline value of Rs 3,850 per sq.ft, which is a substantial increase of 64% from the 2017 figure. Overall, from 2007 to 2024, the guideline value has increased by 114%.

It is important to note that there are no figures available for the years 2023, 2003, and 2002 in the register for this street.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO that have a guideline value for 2024, 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 Main Road is below this median.

Stamp duty and registration fee for property in Radha Nagar Extn Main Road

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, leading to a total cost of Rs 3,46,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Radha Nagar Extn Main Road?

The Sub Registrar Office that covers Radha Nagar Extn Main Road 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 information.

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

When buying or selling property in Velachery, the guideline value plays a crucial role in determining the stamp duty and registration fees. The guideline value is set by the government and is used as a benchmark for property transactions to ensure that the correct taxes are paid during registration.

It is essential for buyers and sellers to be aware of the current guideline value as it directly affects the financial aspects of property transactions. The guideline value is updated periodically, reflecting changes in the real estate market and local development.

Frequently asked questions

What is the current guideline value of Radha Nagar Extn Main Road?

The current guideline value of Radha Nagar Extn Main Road is Rs 3,850 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,800 per sq.ft in 2007 to Rs 3,850 per sq.ft in 2024, an overall increase of 114%.

What are the other streets with the same guideline value in Velachery?

Other streets in Velachery with the same guideline value of Rs 3,850 per sq.ft in 2024 include Radha Nagar Extn 3rd Street, Radha Nagar Extn Main Road 1st Street, Radha Nagar Extn 2nd Street, Radha Nagar Extn Main Road 2nd Street, Radha Nagar Extn 1st Street, and Radha Nagar Extn Main Road 3rd Street.

What is the registration office for Radha Nagar Extn Main Road?

The registration office for Radha Nagar Extn Main Road is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How is the stamp duty calculated for properties in Velachery?

Stamp duty for properties in Velachery is calculated based on the guideline value or the sale price, whichever is higher. The current rate is 7% for stamp duty and 2% for the registration fee.