Guideline Value for Radha Nagar Main Road

Radha Nagar Main Road guideline value

The current guideline value of Radha Nagar Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024. This road is located in Zaminpallavaram village and falls under the Pallavaram SRO. The land classification for this area is Commercial Class I Type - III.

How the guideline value of Radha Nagar Main Road has changed

The guideline value for Radha Nagar Main Road has seen significant changes over the years. Starting with the 2003 revision, the value was set at Rs 1,410 per sq.ft. This increased to Rs 1,900 per sq.ft in 2007, marking a 35% rise. In 2012, the value further increased to Rs 4,000 per sq.ft, reflecting a substantial 111% growth. However, from 2012 to 2017, the value decreased to Rs 2,680 per sq.ft, which was a 33% drop. The most recent revision in 2024 has set the value at Rs 4,400 per sq.ft, representing a 64% increase from the 2017 figure.

Overall, from the 2003 revision to the current 2024 revision, the guideline value has increased by 212%. It is important to note that the register has no figures for the years 2023 and 2002 for this street.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value is Rs 3,300 per sq.ft, placing Radha Nagar Main Road's 2024 figure above that median.

• Radhapuram Ammal Layout: Rs 3,300 per sq.ft (2024)
• Radhabaiammal Nagar 2nd Street: Rs 2,750 per sq.ft (2024)
• Radhabaiammal Nagar 1st Street: Rs 2,160 per sq.ft (2024)
• Radhabai Ammal (Layout): Rs 2,160 per sq.ft (2024)
• P.V.Vithiyalingam Road: Rs 3,520 per sq.ft (2024)
• P.V. Atchari Street: Rs 3,300 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Radha Nagar Main Road?

The Sub Registrar Office that covers Radha Nagar Main Road is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Zaminpallavaram. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

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

The current guideline value of Radha Nagar Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,410 per sq.ft in 2003 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 212% over this period.

Which Sub Registrar Office is responsible for Radha Nagar Main Road?

The Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone, is responsible for Radha Nagar Main Road.

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

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Where can I find more information about stamp duty and registration fees?

You can find more information and calculate your fees using the stamp duty and registration fee calculator.