Guideline Value for Radhakrishnan Street

Radhakrishnan Street guideline value

The current guideline value of Radhakrishnan Street is Rs 2,001 per sq.ft, effective from 1 July 2024. This street is located in Gooduvancheri village, under the Gooduvancheri SRO, and is classified as Residential Special Type - II.

How the guideline value of Radhakrishnan Street has changed

Over the years, the guideline value for Radhakrishnan Street has seen significant changes. The 2017 revision set the value at Rs 1,340 per sq.ft, which increased to Rs 2,000 per sq.ft in the 2023 revision. The latest revision in 2024 has raised the value slightly to Rs 2,001 per sq.ft, showing no percentage change from the previous year. It is important to note that the register has no figures for this street for the years 2002, 2003, 2007, and 2012.

From 2017 to 2023, there was a notable increase of 49%. Overall, comparing the 2017 revision to the 2024 revision, the guideline value has also increased by 49%.

Guideline values in Gooduvancheri

In Gooduvancheri, there are 129 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 3,500 per sq.ft, with a median value of Rs 1,500 per sq.ft. Radhakrishnan Street's 2024 figure of Rs 2,001 per sq.ft is above this median.

• Pushpa Kanth Nagar: Rs 1,200 per sq.ft (2024)
• Pushapa Avenue: Rs 1,200 per sq.ft (2024)
• P.R.V. Nagar: Rs 1,500 per sq.ft (2024)
• Railwaystation Road: Rs 2,001 per sq.ft (2024)
• Priya Nagar Ext. I & II & III: Rs 1,500 per sq.ft (2024)
• Priya Nagar: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Radhakrishnan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,001 per sq.ft, the total guideline value would be Rs 20,01,000. The stamp duty, charged at 7%, would amount to Rs 1,40,070, while the registration fee at 2% would be Rs 40,020. Together, these fees would total Rs 1,80,090. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Radhakrishnan Street?

The Sub Registrar Office that covers Radhakrishnan Street is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Gooduvancheri. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When buying or selling property, the guideline value influences the stamp duty and registration fees that need to be paid. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Radhakrishnan Street?

The current guideline value of Radhakrishnan Street is Rs 2,001 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,340 per sq.ft in 2017 to Rs 2,001 per sq.ft in 2024, marking an overall increase of 49%.

What are the stamp duty and registration fees for property in Radhakrishnan Street?

For a property valued at Rs 20,01,000, the stamp duty would be Rs 1,40,070 and the registration fee would be Rs 40,020, totaling Rs 1,80,090.

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

The Sub Registrar Office for Radhakrishnan Street is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202, Chengalpattu registration zone.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the minimum value for property registration and influences the stamp duty and registration fees that must be paid during a transaction.