Guideline Value

Corporate

Guideline Value for Radhakrishna Nagar Extension - 4

₹1650/sq.ft.

The guideline value for Radhakrishna Nagar Extension - 4 in Varadarajapuram village (Padappai SRO, Chennai zone) is Rs 1650 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Varadarajapuram

Village

Padappai

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹1650 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

3/158, Pushpagiri Main Rd, Padappai - 601 301.
044-27174392
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Radhakrishna Nagar Extension - 4

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Radhakrishna Nagar Extension - 4 guideline value

The current guideline value for Radhakrishna Nagar Extension - 4 is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Varadarajapuram village under the Padappai SRO, and it falls under the land classification of Residential Special Type - II.

How the guideline value of Radhakrishna Nagar Extension - 4 has changed

The guideline value for Radhakrishna Nagar Extension - 4 has seen significant changes over the years. The 2017 revision recorded a guideline value of Rs 1,005 per sq.ft, which increased to Rs 1,500 per sq.ft in the 2023 revision. This marked a substantial increase of 49%. The most recent revision in 2024 has set the guideline value at Rs 1,650 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Varadarajapuram

In Varadarajapuram, there are 250 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 4,100 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, which is equal to the guideline value for Radhakrishna Nagar Extension - 4. Below are the guideline values for other streets in Varadarajapuram:

Stamp duty and registration fee for property in Radhakrishna Nagar Extension - 4

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. It is important to note that the 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 information.

Which Sub Registrar Office covers Radhakrishna Nagar Extension - 4?

The Sub Registrar Office that covers Radhakrishna Nagar Extension - 4 is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is an essential factor used during the registration of property transactions in Varadarajapuram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

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

Frequently asked questions

What is the current guideline value for Radhakrishna Nagar Extension - 4?

The current guideline value for Radhakrishna Nagar Extension - 4 is Rs 1,650 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 1,005 per sq.ft to Rs 1,650 per sq.ft in 2024, which is an overall increase of 64%.

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

Other streets in Varadarajapuram include Purushothaman Nagar Extn and Purushothaman Nagar, both at Rs 1,320 per sq.ft, Raghavendra Nagar at Rs 990 per sq.ft, Priyanga Nagar at Rs 1,650 per sq.ft, Prithiv Avenue at Rs 1,980 per sq.ft, and Premier Garden Phase -II at Rs 2,420 per sq.ft.

What is the stamp duty rate for properties in Radhakrishna Nagar Extension - 4?

The stamp duty rate for properties in Radhakrishna Nagar Extension - 4 is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Radhakrishna Nagar Extension - 4?

The Sub Registrar Office for Radhakrishna Nagar Extension - 4 is located at the Padappai Sub Registrar Office, 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.