Guideline Value

Corporate

Guideline Value for Radha Nagar School Road

₹3850/sq.ft.

The guideline value for Radha Nagar School 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 N/A
From 1-4-2012 To 8-6-2017 ₹3500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
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 School Road

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Radha Nagar School Road guideline value

The current guideline value of Radha Nagar School Road is Rs 3,850 per sq.ft, effective from 1 July 2024. This road 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 School Road has changed

In the 2012 revision, the guideline value was set at Rs 3,500 per sq.ft. This was a notable increase of 10% from the previous figure, reflecting the changes in the property market at that time. The register does not contain figures for the years 2003, 2007, 2017, and 2023 for this street.

As of the 2024 revision, the guideline value has risen to Rs 3,850 per sq.ft. This represents a 10% increase from the 2012 figure, indicating a steady growth in the valuation of properties along Radha Nagar School Road.

Guideline values in Velachery

In Velachery, there are 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 School Road is below this median.

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

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 fees to Rs 3,46,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Radha Nagar School Road?

The Sub Registrar Office that covers Radha Nagar School 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

The guideline value is a crucial factor when registering property transactions in Velachery. It is used to determine the stamp duty and registration fees, which are essential for the legal transfer of property ownership.

When you buy or sell property, the guideline value ensures that the transaction is recorded at a fair valuation, which helps in maintaining transparency in the real estate market. It is important for buyers and sellers to be aware of the current guideline values to avoid any discrepancies during the registration process.

Frequently asked questions

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

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

How has the guideline value changed over the years?

The guideline value increased from Rs 3,500 per sq.ft in 2012 to Rs 3,850 per sq.ft in 2024, reflecting a 10% increase over that period. The register does not contain figures for the years 2003, 2007, 2017, and 2023 for this street.

What is the land classification for Radha Nagar School Road?

Radha Nagar School Road is classified as Residential Class II Type - III, indicating its designation for residential purposes.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 3,46,500.

Where can I find the Sub Registrar Office for Radha Nagar School Road?

The Velacheri Sub Registrar Office covers Radha Nagar School Road and is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.