Guideline Value for R I NAGAR

R I Nagar guideline value

The current guideline value of R I Nagar is Rs 825 per sq.ft, effective from 1 July 2024. This area is located in Tiruttani village under the Thiruttani SRO, classified as Residential Class III Type - I.

How the guideline value of R I Nagar has changed

The guideline value for R I Nagar has seen significant changes over the years. In 2017, the guideline value was Rs 502 per sq.ft. This increased to Rs 750 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the value at Rs 825 per sq.ft, reflecting a 10% increase from the previous year.

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 64%.

Guideline values in Tiruttani

In Tiruttani, there are 160 streets under the Thiruttani SRO that carry a 2024 guideline value, ranging from Rs 548 to Rs 1,540 per sq.ft. The median value is Rs 825 per sq.ft, which is equal to the current guideline value of R I Nagar.

• Reddykulam Street: Rs 1,099 per sq.ft (2024)
• Saibaba Nagar: Rs 550 per sq.ft (2024)
• Sandu Street: Rs 1,099 per sq.ft (2024)
• Sannadhi Street: Rs 1,100 per sq.ft (2024)
• Rajaji Street ( T V Malai): Rs 825 per sq.ft (2024)
• Railway Quarters: Rs 1,099 per sq.ft (2024)

Stamp duty and registration fee for property in R I Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 825 per sq.ft, the total guideline value amounts to Rs 8,25,000. The stamp duty at 7% would be Rs 57,750, and the registration fee at 2% would be Rs 16,500, bringing the total to Rs 74,250. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers R I Nagar?

The Sub Registrar Office that covers R I Nagar is the Thiruttani Sub Registrar Office, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Tiruttani. It determines the minimum value at which the property can be registered and is used to calculate stamp duty and registration fees.

When a property is sold, the guideline value serves as a benchmark for the transaction. Buyers and sellers must ensure that the sale price is not lower than the guideline value to avoid any legal complications during registration.

Frequently asked questions

What is the current guideline value of R I Nagar?

The current guideline value of R I Nagar is Rs 825 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 502 per sq.ft to Rs 825 per sq.ft, which is an overall increase of 64%.

What is the registration office for R I Nagar?

The registration office for R I Nagar is the Thiruttani Sub Registrar Office, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone.

What are the stamp duty rates applicable in R I Nagar?

The stamp duty rate applicable in R I Nagar is 7%, while the registration fee is 2% of the guideline value or the sale price, whichever is higher.

Are there any years without guideline value figures for R I Nagar?

Yes, the years 2002, 2003, 2007, and 2012 have no guideline value figures available for R I Nagar.