Guideline Value for SRI RADHAKRISHNA NAGAR

Sri Radhakrishna Nagar guideline value

The current guideline value of Sri Radhakrishna Nagar, located in Eagattur village under the Manavalanagar SRO, is Rs 154 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - I land classification.

How the guideline value of Sri Radhakrishna Nagar has changed

The guideline value for Sri Radhakrishna Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 150 per sq.ft, which was then reduced to Rs 100 per sq.ft in the 2017 revision. Following this, the value increased to Rs 150 per sq.ft in the 2023 revision, and finally, the current 2024 revision has set it at Rs 154 per sq.ft, marking a 3% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 3%. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street in the register.

Guideline values in Eagattur

In Eagattur, there are 31 streets under the Manavalanagar SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 330 per sq.ft, with a median value of Rs 190 per sq.ft. Sri Radhakrishna Nagar's 2024 figure is below this median.

• Sri Venkateswara Nagar: Rs 154 per sq.ft (2024)
• Sri Ganapathypuram Phase I: Rs 154 per sq.ft (2024)
• Sri Ganapathypuram: Rs 200 per sq.ft (2024)
• Sri Bhavani Amman Nagar: Rs 154 per sq.ft (2024)
• Sree Kamatchi Nagar: Rs 170 per sq.ft (2024)
• Thirumalai Nagar: Rs 190 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Radhakrishna Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 154 per sq.ft, the total guideline value amounts to Rs 1,54,000. The stamp duty at 7% would be Rs 10,780, and the registration fee at 2% would be Rs 3,080, bringing the total cost to Rs 13,860. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Radhakrishna Nagar?

Sri Radhakrishna Nagar falls under the jurisdiction of the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in property transactions in Eagattur. When buying or selling a property, the guideline value is used to determine the stamp duty and registration fees that need to be paid. This ensures that the government receives appropriate revenue from property transactions.

It is important for buyers and sellers to be aware of the guideline value as it can influence the overall cost of the transaction. Proper understanding of these values can help in making informed decisions during property dealings.

Frequently asked questions

What is the current guideline value of Sri Radhakrishna Nagar?

The current guideline value of Sri Radhakrishna Nagar is Rs 154 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2012 to Rs 100 per sq.ft in 2017, then to Rs 150 per sq.ft in 2023, and finally to Rs 154 per sq.ft in 2024.

What is the land classification for Sri Radhakrishna Nagar?

Sri Radhakrishna Nagar is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the registration office for Sri Radhakrishna Nagar?

The registration office for Sri Radhakrishna Nagar is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai.

How is stamp duty calculated for properties in Sri Radhakrishna Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value of Rs 154 per sq.ft incurs a total stamp duty of Rs 10,780.