Guideline Value for Radhakrishnan Street

Radhakrishnan Street guideline value

The current guideline value of Radhakrishnan Street in Padiyanallur village is Rs 770 per sq.ft, effective from 1 July 2024. This street falls under the Redhills SRO and is classified as Residential Class I Type - I.

How the guideline value of Radhakrishnan Street has changed

The guideline value for Radhakrishnan Street has seen several revisions over the years. In 2003, the guideline value was Rs 171 per sq.ft, which increased significantly to Rs 400 per sq.ft in 2007. Following this, the value rose to Rs 700 per sq.ft in 2012, but then decreased to Rs 469 per sq.ft in 2017. The value climbed again to Rs 700 per sq.ft in 2023, and most recently, it has been revised to Rs 770 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 350%. The register has no figure for Radhakrishnan Street in 2002.

Guideline values in Padiyanallur

In Padiyanallur, there are 132 streets under the Redhills SRO that carry a 2024 guideline value, ranging from Rs 385 to Rs 2,750 per sq.ft. The median value is Rs 770 per sq.ft, which is equal to the current guideline value of Radhakrishnan Street.

• Rajaendra Prasad Street: Rs 2,750 per sq.ft (2024)
• P.T. Moorthy Nagar: Rs 1,320 per sq.ft (2024)
• Raja Sethupathi Street: Rs 660 per sq.ft (2024)
• Pillayar Koil Street (Near Jothi Nagar): Rs 770 per sq.ft (2024)
• Pillayar Koil Street: Rs 1,320 per sq.ft (2024)
• Pillaiar Koil Cross Street (M.A.NAGAR): Rs 1,320 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 770 per sq.ft, the total guideline value would be Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total cost for these fees to Rs 69,300. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Radhakrishnan Street?

The Sub Registrar Office that covers Radhakrishnan Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process for property transactions in Padiyanallur. It is used to determine the applicable stamp duty and registration fees, ensuring that the transaction is compliant with local regulations.

When buying or selling property, the guideline value helps establish a baseline for the transaction price. Buyers and sellers should be aware of the current guideline value to ensure accurate financial planning 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 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2003, the guideline value has increased from Rs 171 per sq.ft to Rs 770 per sq.ft in 2024, reflecting a total increase of 350% over this period.

What is the land classification for Radhakrishnan Street?

Radhakrishnan Street is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where is the Sub Registrar Office for Radhakrishnan Street located?

The Redhills Sub Registrar Office is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How are stamp duty and registration fees calculated for properties?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2% of the guideline value. For example, for a property with a guideline value of Rs 7,70,000, the total fees would amount to Rs 69,300.