Guideline Value for Radha Puram

Radha Puram guideline value

The current guideline value of Radha Puram, located in Thalakanancherry village under the Alandur SRO, is Rs 3,900 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - III.

How the guideline value of Radha Puram has changed

The guideline value for Radha Puram has undergone several revisions over the years. In 2007, the guideline value was Rs 700 per sq.ft, which increased significantly to Rs 3,500 per sq.ft in 2012. However, it saw a decrease to Rs 2,345 per sq.ft in 2017. The value then rose to Rs 3,500 per sq.ft in 2023 before reaching the current rate of Rs 3,900 per sq.ft in 2024.

Between these revisions, the changes were notable. From 2007 to 2012, there was a substantial increase of 400%. However, from 2012 to 2017, the value decreased by 33%. The rise from 2017 to 2023 was 49%, followed by an 11% increase from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 457%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Thalakanancherry

Thalakanancherry village has a total of 318 streets under the Alandur SRO, with guideline values ranging from Rs 2,200 to Rs 5,500 per sq.ft. The median guideline value is Rs 3,900 per sq.ft, which matches the current value for Radha Puram. Below are the guideline values for other streets in Thalakanancherry:

• Raghupathi Nagar 1st Street: Rs 3,300 per sq.ft (2024)
• Raghupathi Nagar 2nd Street: Rs 3,300 per sq.ft (2024)
• Raghupathi Nagar 3rd Street: Rs 3,300 per sq.ft (2024)
• Raghupathi Nagar 4th Street: Rs 3,300 per sq.ft (2024)
• Raghupathi Nagar 5th Street: Rs 3,300 per sq.ft (2024)
• Raghupathi Nagar 6th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Radha Puram

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value amounts to Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, totaling Rs 3,51,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Radha Puram?

The Sub Registrar Office that covers Radha Puram is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Thalakanancherry. It is used to determine the stamp duty and registration fees applicable when buying or selling property. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Radha Puram?

The current guideline value of Radha Puram is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2007 to Rs 3,900 per sq.ft in 2024, with various increases and decreases in between.

What is the registration fee for property in Radha Puram?

The registration fee for property in Radha Puram is calculated based on the guideline value, which is Rs 3,900 per sq.ft as of 2024.

Where can I find the Sub Registrar Office for Radha Puram?

The Sub Registrar Office for Radha Puram is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, with a guideline value of Rs 39,00,000, the stamp duty would be 7% of that amount.