Guideline Value for Radhakrishna Puram Street

Radhakrishna Puram Street guideline value

The current guideline value of Radhakrishna Puram Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Mylapore Part 2 village and falls under the Chennai Central Joint I SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Radhakrishna Puram Street has changed

The guideline value for Radhakrishna Puram Street has seen several revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision recorded a guideline value of Rs 4,000 per sq.ft, which increased to Rs 4,400 per sq.ft in the 2024 revision, marking a change of +10%.

In summary, the most recent figures show a clear increase from Rs 4,000 per sq.ft in 2023 to Rs 4,400 per sq.ft in 2024. The guideline value has been adjusted to reflect changes in the real estate landscape.

Guideline values in Mylapore Part 2

In Mylapore Part 2, there are 332 streets under the Chennai Central Joint I SRO, with guideline values ranging from Rs 4,400 to Rs 25,300 per sq.ft. The median guideline value in this area is Rs 8,800 per sq.ft, indicating that Radhakrishna Puram Street's 2024 figure is below this median.

• Radhakrishna Puram: Rs 4,400 per sq.ft (2024)
• Pycrofts Nagar: Rs 13,200 per sq.ft (2024)
• Raghava Veera Avenue: Rs 17,500 per sq.ft (2024)
• Purupettai Sardar Lane: Rs 7,700 per sq.ft (2024)
• Pudu Street: Rs 10,900 per sq.ft (2024)
• Pudupet Garden Street: Rs 7,700 per sq.ft (2024)

Stamp duty and registration fee for property in Radhakrishna Puram Street

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Radhakrishna Puram Street?

The Sub Registrar Office that covers Radhakrishna Puram Street is the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (Pycrofts Road), Royapettah, Chennai-600014. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Mylapore Part 2

The guideline value is a crucial factor during the registration of property transactions in Mylapore Part 2. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

Frequently asked questions

What is the current guideline value of Radhakrishna Puram Street?

The current guideline value of Radhakrishna Puram Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Radhakrishna Puram Street has changed from Rs 4,000 per sq.ft in 2023 to Rs 4,400 per sq.ft in 2024, reflecting a 10% increase. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Radhakrishna Puram Street?

The land classification for Radhakrishna Puram Street is Residential Class IV Type - I. This classification indicates the type of development permitted in the area.

What are the stamp duty and registration fees for a property in Radhakrishna Puram Street?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office should I visit for property registration in Radhakrishna Puram Street?

The Chennai Central Joint I Sub Registrar Office is responsible for property registration in Radhakrishna Puram Street. It is located at No.182 Bharati Salai (Pycrofts Road), Royapettah, Chennai-600014.