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Guideline Value

Corporate

Guideline Value for SHOBHA CASTLE PHASE - II - RADHAKRISHNAN NAGAR

₹2510/sq.ft.

The guideline value for Shobha Castle Phase - Ii - Radhakrishnan Nagar in Varadarajapuram village (Padappai SRO, Chennai zone) is Rs 2510 per sq.ft, effective 1 July 2024. It was Rs 2277 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Iv. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Varadarajapuram

Village

Padappai

SRO

Residential Special Type - IV
History
Period Guideline Value
From 1-7-2024 ₹2510 /sq.ft.
From 1-4-2023 ₹2277 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1525 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

3/158, Pushpagiri Main Rd, Padappai - 601 301.
044-27174392
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Shobha Castle Phase - Ii - Radhakrishnan Nagar

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Shobha Castle Phase - II - Radhakrishnan Nagar guideline value

The current guideline value of Shobha Castle Phase - II - Radhakrishnan Nagar is Rs 2,510 per sq.ft, effective from 1 July 2024. This property is located in Varadarajapuram village under the Padappai SRO, and is classified as Residential Special Type - IV.

How the guideline value of Shobha Castle Phase - II - Radhakrishnan Nagar has changed

The guideline value of Shobha Castle Phase - II - Radhakrishnan Nagar has seen significant changes over the years. In the 2017 revision, the value was Rs 1,525 per sq.ft, which increased to Rs 2,277 per sq.ft in the 2023 revision, marking a 49% increase. The most recent 2024 revision set the guideline value at Rs 2,510 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 65%. It is important to note that the register does not contain figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Varadarajapuram

In Varadarajapuram, there are 250 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 4,100 per sq.ft, with a median value of Rs 1,650 per sq.ft. The guideline value of Shobha Castle Phase - II - Radhakrishnan Nagar is above this median.

Stamp duty and registration fee for property in Shobha Castle Phase - II - Radhakrishnan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,510 per sq.ft, the total guideline value is Rs 25,10,000. The stamp duty at 7% would be Rs 1,75,700, and the registration fee at 2% would be Rs 50,200, bringing the total cost to Rs 2,25,900. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Shobha Castle Phase - II - Radhakrishnan Nagar?

The Sub Registrar Office that covers Shobha Castle Phase - II - Radhakrishnan Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Varadarajapuram, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that are payable during the transaction.

When a buyer purchases a property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. It is essential for both buyers and sellers to be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Shobha Castle Phase - II - Radhakrishnan Nagar?

The current guideline value of Shobha Castle Phase - II - Radhakrishnan Nagar is Rs 2,510 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,525 per sq.ft in 2017 to Rs 2,510 per sq.ft in 2024, showing a total increase of 65% over this period.

What is the land classification of this property?

The land classification of Shobha Castle Phase - II - Radhakrishnan Nagar is Residential Special Type - IV.

Where can I find the registration office for this property?

The registration office for Shobha Castle Phase - II - Radhakrishnan Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

What is the stamp duty for a property in Shobha Castle Phase - II - Radhakrishnan Nagar?

The stamp duty for a property valued at Rs 25,10,000 is 7%, which amounts to Rs 1,75,700. Additionally, the registration fee is 2%, totaling Rs 50,200.