Guideline Value for R.K.NAGAR (S.NO.595/7A)

R.K.Nagar (S.No.595/7a) guideline value

The current guideline value for R.K.Nagar (S.No.595/7a) is Rs 2,200 per sq.ft, effective from 1 July 2024. This property is located in Kerugambakkam village, under the Pammal SRO, and is classified as Residential Class II Type - I.

How the guideline value of R.K.Nagar (S.No.595/7a) has changed

The guideline value for R.K.Nagar has undergone several revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 2,000 per sq.ft, which was then increased by 10% to Rs 2,200 per sq.ft in the 2024 revision.

Prior to the 2023 revision, the guideline value for this street was not recorded. The increase from Rs 2,000 to Rs 2,200 reflects the latest adjustments made in the 2024 revision.

Guideline values in Kerugambakkam

Kerugambakkam has 144 streets under the Pammal SRO with a 2024 guideline value range from Rs 1,100 to Rs 4,800 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, and R.K.Nagar's 2024 figure aligns with this median.

• R.K. Nagar: Rs 1,980 per sq.ft (2024)
• R.K.B. Nagar: Rs 1,980 per sq.ft (2024)
• R.K. Arasu Street: Rs 1,980 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.Nagar (S.No.595/7a)

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. Please 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.K.Nagar (S.No.595/7a)?

The R.K.Nagar (S.No.595/7a) property falls under the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Kerugambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring compliance with legal requirements during the transaction.

Frequently asked questions

What is the current guideline value of R.K.Nagar (S.No.595/7a)?

The current guideline value of R.K.Nagar (S.No.595/7a) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for R.K.Nagar has changed from Rs 2,000 per sq.ft in 2023 to Rs 2,200 per sq.ft in 2024. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for R.K.Nagar (S.No.595/7a)?

R.K.Nagar (S.No.595/7a) is classified as Residential Class II Type - I, indicating its suitability for residential development.

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

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000. These fees are calculated based on the higher of the guideline value or the sale price.

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.