Guideline Value

Corporate

Guideline Value for R.M.K. Nagar

₹3960/sq.ft.

The guideline value for R.m.k. Nagar in Perungalathur village (Padappai SRO, Chennai zone) is Rs 3960 per sq.ft, effective 1 July 2024. It was Rs 3600 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Perungalathur

Village

Padappai

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹3960 /sq.ft.
From 1-4-2023 ₹3600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2412 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1800 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹460 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

3/158, Pushpagiri Main Rd, Padappai - 601 301.
044-27174392
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on R.m.k. Nagar

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R.M.K. Nagar guideline value

The current guideline value of R.M.K. Nagar, located in Perungalathur village under the Padappai SRO, is Rs 3,960 per sq.ft. This value is effective from the 2024 revision, which came into effect on 1 July 2024. The land classification for this area is Commercial Class I Type - I.

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

The guideline value for R.M.K. Nagar has seen significant changes over the years. In the 2007 revision, the guideline value was Rs 460 per sq.ft. This increased to Rs 1,800 per sq.ft in 2012, marking a substantial rise of 291%. The following revision in 2017 set the value at Rs 2,412 per sq.ft, which was a 34% increase from the previous figure. The 2023 revision then raised it to Rs 3,600 per sq.ft, reflecting a 49% increase. Finally, the current 2024 revision has set the guideline value at Rs 3,960 per sq.ft, a 10% increase from 2023.

It is important to note that the register does not have figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 761%.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 5,500 per sq.ft, with a median value of Rs 2,310 per sq.ft. The guideline value for R.M.K. Nagar is above this median, indicating a higher valuation compared to many other streets in the area.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,960 per sq.ft, the total guideline value amounts to Rs 39,60,000. The stamp duty at 7% would be Rs 2,77,200, and the registration fee at 2% would be Rs 79,200, bringing the total fees together to Rs 3,56,400. It is important to note that 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 the applicable charges.

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

The Sub Registrar Office that covers R.M.K. Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Perungalathur. It serves as the basis for determining the stamp duty and registration fees that are applicable when buying or selling property. Buyers must be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When engaging in property transactions, it is essential to consult the guideline value to ensure compliance with local regulations. This value helps establish a fair estimate of the property's worth and the associated costs involved in the registration process.

Frequently asked questions

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

The current guideline value of R.M.K. Nagar is Rs 3,960 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 460 per sq.ft in 2007 to Rs 3,960 per sq.ft in 2024, representing an overall increase of 761%.

What are the other streets in Perungalathur and their guideline values?

Other streets in Perungalathur include R.K.Nagar at Rs 2,310 per sq.ft, Rooby Flats at Rs 2,640 per sq.ft, Royal Avenue at Rs 1,980 per sq.ft, RSR Nagar at Rs 2,310 per sq.ft, Ruby Builders at Rs 2,640 per sq.ft, and Ruby's Shoba Castle at Rs 3,740 per sq.ft.

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

For a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 2,77,200, and the registration fee would be Rs 79,200, totaling Rs 3,56,400.

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

The Padappai Sub Registrar Office handles property registrations for R.M.K. Nagar, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.