Giri, unless I miss my guess, your using the old version of the controls, not version 2.0.4.0 for .net 3.5 right?
Because the new assembly code looks like this:
<%
@ Register assembly="Telerik.Charting, Version=2.0.4.0, Culture=neutral, PublicKeyToken=d14f3dcc8e3e8763" namespace="Telerik.Charting" tagprefix="telerik" %>
If so, i took a look at some of my old code and I used this,
ArrayList
d1 = new ArrayList();
d1.Add("blah 1");
d1.Add("blah 2");
d1.Add("blah 3");
d1.Add("blah 4");
for(int i=0;i!=d1.Count;i++)
{
RadChart1.XAxis.AddItem(d1[i].ToString());
}