Guideline Value for Radha Nagar

Radha Nagar guideline value

The current guideline value of Radha Nagar, located in Sadachivakkam village under the Uthiramerur SRO, is Rs 131 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class III Type - III land classification.

How the guideline value of Radha Nagar has changed

According to the guideline value register, there have been several revisions for Radha Nagar. The most recent revision in 2024 maintains the guideline value at Rs 131 per sq.ft, which is unchanged from the 2023 revision. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002, indicating a lack of recorded values for these years.

From 2023 to 2024, the guideline value experienced a change of +0%. This means that the value has remained stable over this period, reflecting consistency in the assessment of property values in this area.

Guideline values in Sadachivakkam

Radha Nagar is part of the Sadachivakkam area, which features various streets with their respective guideline values. Below are the other streets in Sadachivakkam:

• Manju Nagar Phase-2: Rs 103 per sq.ft (2024)

Stamp duty and registration fee for property in Radha Nagar

For a 1,000 sq.ft plot at the current rate of Rs 131 per sq.ft, the guideline value amounts to Rs 1,31,000. The stamp duty at 7% would be Rs 9,170, and the registration fee at 2% would be Rs 2,620, totaling Rs 11,790. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Radha Nagar?

The Uthiramerur Sub Registrar Office covers Radha Nagar. The office is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Sadachivakkam. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that both parties are aware of the financial implications involved.

It is essential for buyers and sellers to understand that the guideline value serves as a benchmark for property transactions. This value is particularly important for calculating the stamp duty, which is a mandatory cost during the registration process.

Frequently asked questions

What is the current guideline value of Radha Nagar?

The current guideline value of Radha Nagar is Rs 131 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained stable at Rs 131 per sq.ft from 2023 to 2024, with no recorded figures for the years 2017, 2012, 2007, 2003, and 2002.

What is the registration office for Radha Nagar?

The registration office for Radha Nagar is the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.

How is stamp duty calculated for properties in Radha Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current rate, the stamp duty would be Rs 9,170.

What land classification does Radha Nagar fall under?

Radha Nagar falls under the Residential Class III Type - III land classification as per the guideline value register.