Guideline Value for R.K.B. Nagar

R.K.B. Nagar guideline value

The current guideline value of R.K.B. Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Kerugambakkam village, under the Pammal SRO, and is classified as Residential Class II Type - II.

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

The guideline value for R.K.B. Nagar has seen several revisions over the years. In 2017, the guideline value was Rs 1,206 per sq.ft. This increased to Rs 1,800 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 set the guideline value at Rs 1,980 per sq.ft, reflecting a further increase of 10% from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kerugambakkam

In Kerugambakkam, there are 144 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 4,800 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, which means that R.K.B. Nagar's 2024 figure is below that median.

• R.K. Nagar: Rs 1,980 per sq.ft (2024)
• R.K. Arasu Street: Rs 1,980 per sq.ft (2024)
• R.K.Nagar (S.No.595/7a): Rs 2,200 per sq.ft (2024)
• Roja Avenue: Rs 1,980 per sq.ft (2024)
• Royal Vila: Rs 1,980 per sq.ft (2024)
• Sai Avenue: Rs 1,980 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total to Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers R.K.B. Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 Kerugambakkam

The guideline value is a crucial factor when registering property transactions in Kerugambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of R.K.B. Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 1,206 per sq.ft in 2017 to Rs 1,800 per sq.ft in 2023, and then to Rs 1,980 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

What is the median guideline value in Kerugambakkam?

The median guideline value for the 144 streets in Kerugambakkam is Rs 2,200 per sq.ft, which is higher than the current value for R.K.B. Nagar.

Where is the Pammal Sub Registrar Office located?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in R.K.B. Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600 at a rate of 7%.