Guideline Value for Radhakrishnan Street

Radhakrishnan Street guideline value

The current guideline value of Radhakrishnan Street in Periyakuppam village is Rs 1,100 per sq.ft, effective from 1 July 2024. This street falls under the Tiruvallur Joint 1 SRO and is classified as Residential Class I Type - III.

How the guideline value of Radhakrishnan Street has changed

The guideline value for Radhakrishnan Street has undergone several revisions over the years. In 2007, the value was Rs 200 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012, marking a 400% rise. However, the value decreased to Rs 670 per sq.ft in 2017, a drop of 33%. The next revision in 2023 saw the value rise again to Rs 1,000 per sq.ft, and the most recent revision in 2024 set the value at Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year. The register has no figure for this street for the years 2002 and 2003.

Overall, from 2007 to 2024, the guideline value has increased by 450%. The significant changes between the revisions highlight the fluctuations in the property valuation over the years, with the most substantial increase occurring between 2007 and 2012.

Guideline values in Periyakuppam

In Periyakuppam, there are 105 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 3,300 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, which is equal to the guideline value of Radhakrishnan Street.

• Puzgalenthi Street: Rs 1,650 per sq.ft (2024)
• Rajaji Puram Part- I, II , III: Rs 1,650 per sq.ft (2024)
• Periyakuppam Colony: Rs 879 per sq.ft (2024)
• Rathis Paradise: Rs 879 per sq.ft (2024)
• Parimelagar Street: Rs 1,100 per sq.ft (2024)
• Pallavan Street: Rs 1,100 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 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Radhakrishnan Street?

The Sub Registrar Office that covers Radhakrishnan Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value is a critical factor during the registration of property transactions in Periyakuppam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is sold, the sale price or the guideline value is considered, whichever is higher, to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Radhakrishnan Street?

The current guideline value of Radhakrishnan Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 450% over the years.

What is the median guideline value in Periyakuppam?

The median guideline value for the streets in Periyakuppam is Rs 1,100 per sq.ft, which is the same as the guideline value for Radhakrishnan Street.

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

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which office handles registrations for Radhakrishnan Street?

The Tiruvallur Joint 1 Sub Registrar Office handles registrations for Radhakrishnan Street, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.