Guideline Value for R R NAGAR

R R Nagar guideline value

The current guideline value of R R Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024. This street is located in Athur B Block village under the Chengleput Joint II SRO, classified as Mixed Type - I.

How the guideline value of R R Nagar has changed

In the 2023 revision, the guideline value for R R Nagar was Rs 1,000 per sq.ft. The same value has been maintained in the 2024 revision, indicating no change from the previous year, with a percentage change of +0% between 2023 and 2024. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Thus, R R Nagar has seen a consistent guideline value of Rs 1,000 per sq.ft for the years 2023 and 2024, reflecting stability in this area’s property valuation.

Guideline values in Athur B Block

Athur B Block has a total of 79 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 268 to Rs 1,525 per sq.ft. The median guideline value in this area is Rs 700 per sq.ft, placing R R Nagar's 2024 figure above that median.

• Rathinam Nagar: Rs 500 per sq.ft (2024)
• Santhosh Nagar: Rs 500 per sq.ft (2024)
• Saraswathi Nagar: Rs 500 per sq.ft (2024)
• Radha Nagar: Rs 500 per sq.ft (2024)
• Seshathri Nagar: Rs 700 per sq.ft (2024)
• Priya Nagar Exten: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in R R Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers R R Nagar?

The Chengleput Joint II Sub Registrar Office covers R R Nagar, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Athur B Block

The guideline value is a crucial factor in property transactions in Athur B Block, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration fees and stamp duty are based on the guideline value or the sale price, whichever is higher.

When registering a property, it is essential to ensure that the sale price meets or exceeds the guideline value to avoid any legal complications. This ensures that both parties are compliant with local regulations during the transaction process.

Frequently asked questions

What is the current guideline value of R R Nagar?

The current guideline value of R R Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for R R Nagar has remained at Rs 1,000 per sq.ft for both the 2023 and 2024 revisions, with no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What is the median guideline value in Athur B Block?

The median guideline value in Athur B Block is Rs 700 per sq.ft, with R R Nagar's 2024 figure being above this median.

What are the stamp duty and registration fees for R R Nagar?

For a property in R R Nagar valued at Rs 10,00,000, the stamp duty would be Rs 70,000 and the registration fee would be Rs 20,000, totaling Rs 90,000.

Which office handles registrations for R R Nagar?

The Chengleput Joint II Sub Registrar Office manages registrations for R R Nagar, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.