Guideline Value for Radiance Prosper

Radiance Prosper guideline value

The current guideline value of Radiance Prosper is Rs 7,463 per sq.ft, effective from 1 July 2024. This property is located in Thiruvottiyur village, under the Thiruvottiyur SRO, and is classified as Residential Special Type - II.

How the guideline value of Radiance Prosper has changed

The guideline value for Radiance Prosper has seen significant changes over the years. The 2017 revision set the value at Rs 5,000 per sq.ft. This increased to Rs 7,463 per sq.ft in the 2023 revision, marking a 49% increase. The 2024 revision maintained this value at Rs 7,463 per sq.ft, showing no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 49%.

Guideline values in Thiruvottiyur

In Thiruvottiyur, there are 177 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 8,600 per sq.ft. The median guideline value for the area is Rs 3,300 per sq.ft, positioning Radiance Prosper's value above this median.

• Radhakrishnan Nagar: Rs 3,300 per sq.ft (2024)
• Radhakrishnan Avenue: Rs 1,300 per sq.ft (2024)
• Railway Station Road: Rs 2,800 per sq.ft (2024)
• Pudhiya Kinaru Street: Rs 3,300 per sq.ft (2024)
• Raja Shanmugam Nagar/ Extension/Cross Streets: Rs 1,500 per sq.ft (2024)
• Poonthottam Lane: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Radiance Prosper

For a 1,000 sq.ft plot at the current guideline value of Rs 7,463 per sq.ft, the total guideline value amounts to Rs 74,63,000. The stamp duty at 7% would be Rs 5,22,410, and the registration fee at 2% would be Rs 1,49,260, bringing the total cost for these fees to Rs 6,71,670. It is essential 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 precise calculations.

Which Sub Registrar Office covers Radiance Prosper?

The Sub Registrar Office that covers Radiance Prosper is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thiruvottiyur. It serves as the basis for calculating the stamp duty and registration fees, which are mandatory during the transaction. Buyers should be aware that these fees are calculated on the higher of the guideline value or the sale price.

Additionally, the guideline value is regularly updated to reflect changes in the real estate market, ensuring that it remains relevant. This helps maintain a standardized approach to property transactions within the region.

Frequently asked questions

What is the current guideline value of Radiance Prosper?

The current guideline value of Radiance Prosper is Rs 7,463 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 5,000 per sq.ft in 2017 to Rs 7,463 per sq.ft in 2023 and 2024, marking a 49% increase overall from 2017 to 2024.

What are the guideline values of other streets in Thiruvottiyur?

Other streets in Thiruvottiyur have varying guideline values, ranging from Rs 1,300 to Rs 8,600 per sq.ft. The median value for the area is Rs 3,300 per sq.ft.

What fees are associated with buying property in Radiance Prosper?

When buying property in Radiance Prosper, buyers should expect to pay stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Radiance Prosper located?

The Sub Registrar Office for Radiance Prosper is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.