Guideline Value for Radhabaiammal Nagar 2nd Street

Radhabaiammal Nagar 2nd Street guideline value

The current guideline value of Radhabaiammal Nagar 2nd Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village, under the Pallavaram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Radhabaiammal Nagar 2nd Street has changed

The guideline value for Radhabaiammal Nagar 2nd Street has seen significant changes over the years. In 2003, the guideline value was Rs 133 per sq.ft. This increased to Rs 600 per sq.ft in 2007, marking a substantial rise of 351%. The value then remained unchanged at Rs 600 per sq.ft until the 2012 revision, where it was again recorded at Rs 2,500 per sq.ft. This was a significant jump of 317% from the previous figure.

In 2023, the guideline value was still Rs 2,500 per sq.ft, but in the 2024 revision, it increased to Rs 2,750 per sq.ft, reflecting a 10% rise. Overall, from 2003 to 2024, the guideline value has increased by 1968%.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO, with guideline values 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 2nd Street's 2024 figure below that median.

• Radhabaiammal Nagar 1st Street: Rs 2,160 per sq.ft (2024)
• Radhabai Ammal (Layout): Rs 2,160 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 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, making the total fees together Rs 2,47,500. 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 for more precise calculations.

Which Sub Registrar Office covers Radhabaiammal Nagar 2nd Street?

The Sub Registrar Office that covers Radhabaiammal Nagar 2nd Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Zaminpallavaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is compared with 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 Radhabaiammal Nagar 2nd Street?

The current guideline value of Radhabaiammal Nagar 2nd Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 133 per sq.ft in 2003 to Rs 2,750 per sq.ft in 2024, marking an overall increase of 1968% over this period.

What is the registration office for Radhabaiammal Nagar 2nd Street?

The registration office for Radhabaiammal Nagar 2nd Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 27,50,000 would incur a stamp duty of Rs 1,92,500 at 7%.

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

Other streets in Zaminpallavaram include Radhabaiammal Nagar 1st Street and Radhabai Ammal (Layout) at Rs 2,160 per sq.ft, P.V.Vithiyalingam Road at Rs 3,520 per sq.ft, and Radha Nagar Main Road at Rs 4,400 per sq.ft, among others.