Guideline Value for Radhapuram Ammal Layout

Radhapuram Ammal Layout guideline value

The current guideline value of Radhapuram Ammal Layout is Rs 3,300 per sq.ft, effective from 1 July 2024. This layout is located in Zaminpallavaram village, under the Pallavaram SRO, and is classified as Residential Class I Type - II.

How the guideline value of Radhapuram Ammal Layout has changed

The guideline value for Radhapuram Ammal Layout has seen significant changes over the years. In 2003, the value was Rs 133 per sq.ft, which increased to Rs 600 per sq.ft in 2007, marking a substantial rise of 351%. The value remained unchanged at Rs 3,000 per sq.ft from 2012 until 2023. The 2024 revision brought the current value to Rs 3,300 per sq.ft, reflecting a 10% increase from the previous year.

Between the 2007 and 2012 revisions, there was an impressive increase of 400%. Overall, from 2003 to 2024, the guideline value has escalated by 2381%. It is important to note that the register has no figures for the years 2017 and 2002 for this street.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, which is equal to the current guideline value of Radhapuram Ammal Layout.

• Radha Nagar Main Road: Rs 4,400 per sq.ft (2024)
• Radhabaiammal Nagar 2nd Street: Rs 2,750 per sq.ft (2024)
• Radhabaiammal Nagar 1st Street: Rs 2,160 per sq.ft (2024)
• Radhabai Ammal (Layout): Rs 2,160 per sq.ft (2024)
• P.V.Vithiyalingam Road: Rs 3,520 per sq.ft (2024)
• P.V. Atchari Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Radhapuram Ammal Layout

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. 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 details.

Which Sub Registrar Office covers Radhapuram Ammal Layout?

The Radhapuram Ammal Layout falls under the Pallavaram Sub Registrar Office located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for additional information.

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

The guideline value is a crucial factor when registering property transactions in Zaminpallavaram. It serves as a benchmark for determining the amount of stamp duty and registration fees that must be paid during the registration process.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Radhapuram Ammal Layout?

The current guideline value of Radhapuram Ammal Layout is Rs 3,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased significantly from Rs 133 per sq.ft in 2003 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 2381% over the years.

What is the registration fee for property in Radhapuram Ammal Layout?

The registration fee is calculated at 2% of the guideline value. For a plot valued at Rs 33,00,000, the registration fee would be Rs 66,000.

Which office handles property registrations for Radhapuram Ammal Layout?

The Pallavaram Sub Registrar Office handles property registrations for Radhapuram Ammal Layout, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is stamp duty calculated for properties in Zaminpallavaram?

Stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 33,00,000 would incur a stamp duty of Rs 2,31,000.