Guideline Value for R.A. NAGAR

R.A. Nagar guideline value

The current guideline value of R.A. Nagar is Rs 990 per sq.ft, effective from 1 July 2024. This street is located in Kannampalayam village under the Kunrathur SRO, with a land classification of Residential Special Type - II.

How the guideline value of R.A. Nagar has changed

Over the years, the guideline value of R.A. Nagar has undergone several revisions. The 2012 revision set the value at Rs 900 per sq.ft, which remained until the 2017 revision when it dropped to Rs 603 per sq.ft, a decrease of 33%. The value increased to Rs 900 per sq.ft in the 2023 revision, followed by a further increase to Rs 990 per sq.ft in the 2024 revision, marking a 10% rise.

From 2017 to 2023, the guideline value saw a significant increase of 49%. Overall, comparing the figures from 2012 to 2024, there has been an increase of 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kannampalayam

Kannampalayam village has 75 streets under the Kunrathur SRO, with 2024 guideline values ranging from Rs 765 to Rs 4,000 per sq.ft. The median value for these streets is Rs 1,375 per sq.ft, which means that the guideline value of R.A. Nagar is below this median.

• Sai Nagar: Rs 1,210 per sq.ft (2024)
• Rajammal Nagar: Rs 935 per sq.ft (2024)
• Samy Reddy Nagar: Rs 765 per sq.ft (2024)
• Radhakrishnan Nagar: Rs 935 per sq.ft (2024)
• Radha Krishna Garden: Rs 935 per sq.ft (2024)
• Sathya Nagar: Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in R.A. Nagar

For a 1,000 sq.ft plot at the current guideline value, the total value would be Rs 9,90,000. The stamp duty at 7% would amount to Rs 69,300, and the registration fee at 2% would be Rs 19,800, bringing the total charges to Rs 89,100. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers R.A. Nagar?

The Sub Registrar Office that covers R.A. Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Kannampalayam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value helps both buyers and sellers understand the official valuation of the property. This value is essential for legal documentation and compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of R.A. Nagar?

The current guideline value of R.A. Nagar is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then increased to Rs 900 per sq.ft in 2023, and finally to Rs 990 per sq.ft in 2024.

What is the range of guideline values in Kannampalayam?

In Kannampalayam, the guideline values range from Rs 765 to Rs 4,000 per sq.ft as of 2024, with a median value of Rs 1,375 per sq.ft.

What are the stamp duty and registration fees in R.A. Nagar?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a plot of 1,000 sq.ft, the total stamp duty and registration fees would be Rs 89,100.

Where can I find the Sub Registrar Office for R.A. Nagar?

The Kunrathur Sub Registrar Office covers R.A. Nagar and is located at No.59, Road Street, Kundrathur, Chennai -600 069.