Guideline Value for RadhaKrishnan Avenue

RadhaKrishnan Avenue guideline value

The current guideline value of RadhaKrishnan Avenue in Madanandapuram village is Rs 3,190 per sq.ft, effective from 1 July 2024. This street falls under the Kunrathur SRO and is classified as Residential Special Type - III.

How the guideline value of RadhaKrishnan Avenue has changed

The guideline value for RadhaKrishnan Avenue has seen several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 400 per sq.ft. This increased significantly to Rs 2,900 per sq.ft in 2012, marking a rise of 625%. However, from 2012 to 2017, the value decreased to Rs 1,943 per sq.ft, a decline of 33%. The subsequent revision in 2017 brought the value back up to Rs 2,900 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 raised the guideline value to Rs 3,190 per sq.ft, which is a 10% increase from the previous year.

It is important to note that there are no figures available for RadhaKrishnan Avenue for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 698%.

Guideline values in Madanandapuram

Madanandapuram village has a total of 94 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 2,530 to Rs 5,830 per sq.ft. The median guideline value for these streets is Rs 3,520 per sq.ft, positioning RadhaKrishnan Avenue's 2024 figure below this median.

• Ponni Nagar: Rs 3,520 per sq.ft (2024)
• Rajeswari Avenue: Rs 3,960 per sq.ft (2024)
• Ponni Amman Koil Street: Rs 3,190 per sq.ft (2024)
• Ramachandra Nagar: Rs 3,960 per sq.ft (2024)
• Ramakrishna Nagar: Rs 3,190 per sq.ft (2024)
• Ramji Nagar: Rs 3,190 per sq.ft (2024)

Stamp duty and registration fee for property in RadhaKrishnan Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 3,190 per sq.ft, the total guideline value amounts to Rs 31,90,000. The stamp duty at 7% would be Rs 2,23,300, and the registration fee at 2% would be Rs 63,800, bringing the total to Rs 2,87,100. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers RadhaKrishnan Avenue?

The Sub Registrar Office that covers RadhaKrishnan Avenue is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Madanandapuram. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration office will use it to calculate applicable fees.

When a property is sold, the guideline value helps in assessing the stamp duty and registration fees that need to be paid. This ensures that all transactions are conducted fairly and transparently, adhering to the regulations set by the registration department.

Frequently asked questions

What is the current guideline value of RadhaKrishnan Avenue?

The current guideline value of RadhaKrishnan Avenue is Rs 3,190 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 400 per sq.ft in 2007 to Rs 3,190 per sq.ft in 2024, reflecting an overall increase of 698% over the years.

What are the other streets in Madanandapuram with their guideline values?

Other streets in Madanandapuram include Ponni Nagar at Rs 3,520 per sq.ft, Rajeswari Avenue at Rs 3,960 per sq.ft, and Ponni Amman Koil Street at Rs 3,190 per sq.ft, among others.

What is the registration fee for property in RadhaKrishnan Avenue?

The registration fee for property in RadhaKrishnan Avenue is calculated based on the guideline value. For a property valued at Rs 31,90,000, the registration fee would be Rs 63,800.

Which office handles property registration for RadhaKrishnan Avenue?

The Kunrathur Sub Registrar Office handles property registration for RadhaKrishnan Avenue, located at No.59, Road Street, Kundrathur, Chennai -600 069.