Guideline Value for R.B.NAGAR

R.B.Nagar guideline value

The current guideline value of R.B.Nagar is Rs 1,760 per sq.ft, effective from 1 July 2024. This area is located in Mangadu -A village under the Kunrathur SRO and is classified as Residential Class I Type - III.

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

The guideline value for R.B.Nagar has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,760 per sq.ft, which is an increase from Rs 1,600 per sq.ft in the 2023 revision. This change represents a 10% increase from the previous year.

Prior to 2023, the register has no figures for the years 2017, 2012, 2007, 2003, and 2002. Therefore, the only recorded changes are from 2023 to 2024, and the value has increased from Rs 1,600 to Rs 1,760 per sq.ft.

Guideline values in Mangadu -A

In Mangadu -A, there are 208 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median value for these streets is Rs 1,870 per sq.ft, placing R.B.Nagar's 2024 figure below the median.

• Rani Ammal Nagar: Rs 1,430 per sq.ft (2024)
• Sabari Nagar: Rs 2,200 per sq.ft (2024)
• Sakthi Nagar: Rs 1,870 per sq.ft (2024)
• Ramakrishnapuram: Rs 1,430 per sq.ft (2024)
• Sakthi Nagar Annexe: Rs 1,870 per sq.ft (2024)
• Sakthi Nagar Annexe Phase I: Rs 1,870 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value would be Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, making the total cost for these fees Rs 1,58,400. It is important to note that 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 more detailed calculations.

Which Sub Registrar Office covers R.B.Nagar?

The Sub Registrar Office that covers R.B.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 Mangadu -A

The guideline value plays a crucial role in property transactions in Mangadu -A. It is used to determine the stamp duty and registration fees that must be paid during the registration of property transactions.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in the real estate market.

Frequently asked questions

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

The current guideline value of R.B.Nagar is Rs 1,760 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 1,600 per sq.ft in 2023 to Rs 1,760 per sq.ft in 2024, marking a 10% increase.

What is the land classification of R.B.Nagar?

R.B.Nagar is classified as Residential Class I Type - III.

Where can I find the registration office for R.B.Nagar?

The registration office for R.B.Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for property in R.B.Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 17,60,000, the stamp duty at 7% would be Rs 1,23,200.