Guideline Value for R.K. NAGAR

R.K. Nagar guideline value

The current guideline value of R.K. Nagar, located in Kakkalur village under the Tiruvallur Joint 1 SRO, is Rs 626 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - III.

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

The guideline value for R.K. Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 625 per sq.ft, which then decreased to Rs 419 per sq.ft in the 2017 revision. Following this, the value saw a significant increase of 49% to Rs 626 per sq.ft in the 2023 revision, which remained unchanged in the 2024 revision.

It is noteworthy that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has effectively remained stable, showing a change of +0%.

Guideline values in Kakkalur

Kakkalur village features a total of 133 streets under the Tiruvallur Joint 1 SRO, with guideline values ranging from Rs 400 to Rs 3,000 per sq.ft. The median guideline value for these streets is Rs 626 per sq.ft, which aligns with the current value for R.K. Nagar.

• Roja Street: Rs 626 per sq.ft (2024)
• Royal Homes Part-I To III: Rs 626 per sq.ft (2024)
• Redhillis Road: Rs 800 per sq.ft (2024)
• R.P. Nagar: Rs 626 per sq.ft (2024)
• R.V.Nagar: Rs 626 per sq.ft (2024)
• Sai Mount View Avenue: Rs 626 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 626 per sq.ft, the total guideline value would be Rs 6,26,000. The stamp duty at 7% would amount to Rs 43,820, and the registration fee at 2% would be Rs 12,520, bringing the total cost for these fees to Rs 56,340. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers R.K. Nagar?

The Sub Registrar Office that covers R.K. Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value plays a crucial role during property registration in Kakkalur. It serves as a reference point for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these costs are based on the higher of the guideline value or the sale price, which can significantly impact the overall cost of the transaction.

Frequently asked questions

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

The current guideline value of R.K. Nagar is Rs 626 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 625 per sq.ft in 2012 to Rs 419 per sq.ft in 2017, then increased to Rs 626 per sq.ft in 2023 and remained the same in 2024.

What is the land classification for R.K. Nagar?

R.K. Nagar is classified as Residential Class II Type - III under the guideline value register.

What are the stamp duty and registration fees for a property in R.K. Nagar?

For a property valued at Rs 6,26,000, the stamp duty would be Rs 43,820 and the registration fee would be Rs 12,520, totaling Rs 56,340.

Where is the Sub Registrar Office for R.K. Nagar located?

The Tiruvallur Joint 1 Sub Registrar Office is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.