Guideline Value for R.B.S Nagar

R.B.S Nagar guideline value

The current guideline value of R.B.S Nagar is Rs 600 per sq.ft, effective from 1 July 2024. This area is located in Thirumangalam village and falls under the Sunguvarchattram SRO. The land classification for this street is Residential Special Type - III.

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

The guideline value for R.B.S Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 600 per sq.ft. The 2017 revision recorded a lower value of Rs 402 per sq.ft, reflecting a decrease of 33% from the previous 2012 figure. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 600 per sq.ft. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 600 per sq.ft.

Guideline values in Thirumangalam

In Thirumangalam, there are 42 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 250 to Rs 2,000 per sq.ft, with a median value of Rs 605 per sq.ft. R.B.S Nagar's 2024 figure is below this median.

• Ramar Kovil street: Rs 605 per sq.ft (2024)
• Sagaya Avenue: Rs 600 per sq.ft (2024)
• Rajiv Ideal Farms: Rs 605 per sq.ft (2024)
• Rajiv Gandhi Virpannai Koodam: Rs 600 per sq.ft (2024)
• Ponniamman Kovil Street(Thirumangalam Madura Kandigai): Rs 250 per sq.ft (2024)
• Ponniamman Kovil Street: Rs 600 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, leading to a total of Rs 54,000. 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 details.

Which Sub Registrar Office covers R.B.S Nagar?

The Sub Registrar Office that covers R.B.S Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Thirumangalam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

Frequently asked questions

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

The current guideline value of R.B.S Nagar is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value of R.B.S Nagar changed over the years?

The guideline value has remained unchanged at Rs 600 per sq.ft from 2012 to 2024, with a significant increase of 49% from Rs 402 per sq.ft in 2017 to Rs 600 per sq.ft in 2023.

What is the land classification for R.B.S Nagar?

The land classification for R.B.S Nagar is Residential Special Type - III.

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

The Sub Registrar Office for R.B.S Nagar is located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, in the Chengalpattu registration zone.

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

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000 at a rate of 7%.