Guideline Value for Radhabaiammal Nagar 1st Street

Radhabaiammal Nagar 1st Street guideline value

The current guideline value of Radhabaiammal Nagar 1st Street is Rs 2,160 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village under the Pallavaram SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Radhabaiammal Nagar 1st Street has changed

The guideline value for Radhabaiammal Nagar 1st Street has seen several revisions over the years. The earliest recorded figure is from 2003, with a guideline value of Rs 133 per sq.ft. This value increased significantly in the following revisions: in 2007, it rose to Rs 600 per sq.ft, marking a change of +351%. By 2012, the guideline value reached Rs 2,000 per sq.ft, indicating a substantial increase of +233% from the previous figure.

The most recent revision in 2024 set the guideline value at Rs 2,160 per sq.ft, which is an increase of +8% from the 2012 figure. Overall, from 2003 to 2024, the guideline value has risen by +1,524%.

Guideline values in Zaminpallavaram

Zaminpallavaram village has a total of 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 for these streets is Rs 3,300 per sq.ft, placing Radhabaiammal Nagar 1st Street's 2024 figure below that median.

• Radhabai Ammal (Layout): Rs 2,160 per sq.ft (2024)
• Radhabaiammal Nagar 2nd Street: Rs 2,750 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)
• Radha Nagar Main Road: Rs 4,400 per sq.ft (2024)
• Radhapuram Ammal Layout: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Radhabaiammal Nagar 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,160 per sq.ft, the total guideline value would be Rs 21,60,000. The stamp duty at 7% would amount to Rs 1,51,200, while the registration fee at 2% would be Rs 43,200. Together, these fees would total Rs 1,94,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator to estimate your fees based on the property value.

Which Sub Registrar Office covers Radhabaiammal Nagar 1st Street?

The Sub Registrar Office that covers Radhabaiammal Nagar 1st Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the 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 an essential factor during the registration of property transactions in Zaminpallavaram. It serves as a reference point for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When buying or selling property, the guideline value impacts the stamp duty and registration fees, which are calculated based on this 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 Radhabaiammal Nagar 1st Street?

The current guideline value of Radhabaiammal Nagar 1st Street is Rs 2,160 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased significantly from Rs 133 per sq.ft in 2003 to Rs 2,160 per sq.ft in 2024, marking an overall increase of +1,524%.

What is the land classification for Radhabaiammal Nagar 1st Street?

The land classification for Radhabaiammal Nagar 1st Street is Residential Class III Type - I.

Where is the Pallavaram Sub Registrar Office located?

The Pallavaram Sub Registrar Office is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the current guideline value would incur a total fee of Rs 1,94,400.