Guideline Value for Radhakrishna Puram

Radhakrishna Puram guideline value

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

How the guideline value of Radhakrishna Puram has changed

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

Prior to the 2023 revision, there were no figures available for this street in the register. The most recent revision reflects the updated valuation for the area.

Guideline values in Mylapore Part 1

Mylapore Part 1 has a total of 333 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 for this area is Rs 8,800 per sq.ft, indicating that Radhakrishna Puram's 2024 figure is below this median.

• Radhakrishna Puram Street: Rs 4,400 per sq.ft (2024)
• Pycrofts Nagar 1st Lane: Rs 13,200 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)

Stamp duty and registration fee for property in Radhakrishna Puram

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total 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 cost for these fees to Rs 3,96,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Radhakrishna Puram?

The Sub Registrar Office that covers Radhakrishna Puram 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 more details.

How the guideline value is used when you buy or sell in Mylapore Part 1

The guideline value is a crucial factor during property registration in Mylapore Part 1. It determines the minimum value at which a property can be registered and is used to calculate applicable stamp duty and registration fees.

When buying or selling property, the guideline value helps ensure that transactions are conducted at a fair price, reflecting the current market conditions as determined by the local authorities.

Frequently asked questions

What is the current guideline value of Radhakrishna Puram?

The current guideline value of Radhakrishna Puram 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 was Rs 4,000 per sq.ft in 2023 and increased to Rs 4,400 per sq.ft in 2024, reflecting a change of +10%. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Radhakrishna Puram?

Radhakrishna Puram is classified as Residential Class IV Type - I under the Chennai Central Joint I SRO.

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

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. Duty is charged on the higher of the guideline value and the sale price.

Where can I find the Sub Registrar Office for Radhakrishna Puram?

The Sub Registrar Office for Radhakrishna Puram is the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (Pycrofts Road), Royapettah, Chennai-600014.