Guideline Value for R.K.DHATCHAN NAGAR

R.K.Dhatchan Nagar guideline value

The current guideline value of R.K.Dhatchan Nagar is Rs 1,600 per sq.ft, effective from 1 July 2024. This area is located in Korattur village under the Villivakkam SRO and is classified as Residential Class III Type - III.

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

In the 2012 revision, the guideline value was Rs 1,500 per sq.ft. This figure changed to Rs 1,005 per sq.ft in the 2017 revision, marking a decrease of 33%. Following this, the value increased significantly to Rs 1,500 per sq.ft in 2023, representing a 49% increase. The most recent revision in 2024 set the guideline value at Rs 1,600 per sq.ft, which is a 7% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has seen an increase of 7%.

Guideline values in Korattur

In Korattur, there are 617 streets under the Villivakkam SRO that have a guideline value for 2024, ranging from Rs 1,100 to Rs 8,200 per sq.ft, with a median value of Rs 2,500 per sq.ft. The guideline value of R.K.Dhatchan Nagar is below this median.

• R.K.Nagar (Kallikuppam): Rs 1,600 per sq.ft (2024)
• R.K.NAGAR (Near Santhosh Nagar): Rs 2,100 per sq.ft (2024)
• Ring Road: Rs 5,500 per sq.ft (2024)
• Robinson Nagar: Rs 1,300 per sq.ft (2024)
• Reshma Garden: Rs 1,300 per sq.ft (2024)
• Red Hills Road (Kallikuppam): Rs 2,900 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, making the total fees together Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details on fees.

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

The Sub Registrar Office covering R.K.Dhatchan Nagar is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Korattur. 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 sold, the guideline value or the sale price is considered, and the higher of the two is used to calculate the applicable fees. This ensures that the registration process is transparent and standardized across the region.

Frequently asked questions

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

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,600 per sq.ft in 2024.

What is the land classification of R.K.Dhatchan Nagar?

R.K.Dhatchan Nagar is classified as Residential Class III Type - III.

What are the stamp duty and registration fees for properties in R.K.Dhatchan Nagar?

For a property valued at Rs 16,00,000, the stamp duty would be Rs 1,12,000 and the registration fee would be Rs 32,000, totaling Rs 1,44,000.

Which office handles property registrations in R.K.Dhatchan Nagar?

The Villivakkam Sub Registrar Office handles property registrations for R.K.Dhatchan Nagar, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.