Guideline Value for Radhakrishnan Salai

Radhakrishnan Salai guideline value

The current guideline value of Radhakrishnan Salai is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Pozhichalur village, under the Pammal Sub Registrar Office (SRO). The land classification for this area is Commercial Class I Type - I.

How the guideline value of Radhakrishnan Salai has changed

The guideline value for Radhakrishnan Salai has undergone several revisions over the years. In 2007, the guideline value was Rs 400 per sq.ft. This increased significantly to Rs 1,340 per sq.ft in 2017, marking a change of +235%. The value further rose to Rs 2,000 per sq.ft in 2023, representing a +49% increase from the previous revision. The most recent revision in 2024 has set the guideline value at Rs 2,200 per sq.ft, reflecting a +10% increase from 2023.

There are no figures available for the years 2002, 2003, and 2012 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by +450%.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO that carry a guideline value for 2024, ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median value for these streets is Rs 1,320 per sq.ft, making Radhakrishnan Salai's 2024 figure of Rs 2,200 above the median.

• Ragaendira Nagar 2nd Street: Rs 1,650 per sq.ft (2024)
• Ragavendhara Nagar: Rs 1,650 per sq.ft (2024)
• Ragavendira Nagar 1st Street: Rs 1,650 per sq.ft (2024)
• Puthar Street: Rs 1,100 per sq.ft (2024)
• Purushothaman Avenue Phase III: Rs 2,750 per sq.ft (2024)
• Purushothaman Avenue: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Radhakrishnan Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Radhakrishnan Salai?

The Sub Registrar Office that covers Radhakrishnan Salai is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is an important factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Pozhichalur, the guideline value is used to calculate the stamp duty and registration fees that need to be paid at the time of registration.

Frequently asked questions

What is the current guideline value of Radhakrishnan Salai?

The current guideline value of Radhakrishnan Salai is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of +450% over this period.

What is the land classification for Radhakrishnan Salai?

Radhakrishnan Salai is classified as Commercial Class I Type - I.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions in Radhakrishnan Salai is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Radhakrishnan Salai?

The Sub Registrar Office covering Radhakrishnan Salai is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.