Guideline Value for R.M.K.NANDHAVANAM

R.M.K.Nandhavanam guideline value

The current guideline value of R.M.K.Nandhavanam is Rs 103 per sq.ft, effective from 1 July 2024. This property is located in Orakadamagadevimangalam village, under the Sunguvarchattram SRO, and falls under the Residential Class I Type - I land classification.

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

The guideline value for R.M.K.Nandhavanam has seen several revisions over the years. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 100 per sq.ft, which increased by 3% to Rs 103 per sq.ft in the 2024 revision.

This change reflects a consistent adjustment in the guideline value, with the most recent increase marking a shift from Rs 100 to Rs 103 per sq.ft. The 2024 figure aligns with the median value of Rs 103 per sq.ft for the 12 streets in Orakadamagadevimangalam that carry a 2024 figure.

Guideline values in Orakadamagadevimangalam

In Orakadamagadevimangalam, the guideline values vary across different streets, with the current rates ranging from Rs 101 to Rs 300 per sq.ft. The guideline value for R.M.K.Nandhavanam at Rs 103 per sq.ft is equal to the median value for the village.

• Santhi Sri Nagar: Rs 300 per sq.ft (2024)
• Sathya Nagar: Rs 103 per sq.ft (2024)
• Sri Krishna Nagar: Rs 103 per sq.ft (2024)
• Srinivasa Avenue: Rs 103 per sq.ft (2024)
• Sri Sai Nagar: Rs 102 per sq.ft (2024)
• Sri Vaithamanidhi Nagar: Rs 103 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate of Rs 103 per sq.ft, the guideline value would be Rs 1,03,000. The stamp duty at 7% would amount to Rs 7,210, and the registration fee at 2% would be Rs 2,060, totaling Rs 9,270. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

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

The Sub Registrar Office that covers R.M.K.Nandhavanam is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Orakadamagadevimangalam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value determined by the government.

When a property is sold, 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 process helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

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

The current guideline value of R.M.K.Nandhavanam is Rs 103 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2023 to Rs 103 per sq.ft in 2024, reflecting a 3% increase. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for R.M.K.Nandhavanam?

R.M.K.Nandhavanam falls under the Residential Class I Type - I land classification. This classification is important for understanding the permissible uses of the land.

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

For a plot of 1,000 sq.ft at the current guideline value, the total stamp duty and registration fees would amount to Rs 9,270. This includes a stamp duty of Rs 7,210 and a registration fee of Rs 2,060.

Which Sub Registrar Office covers the registration for R.M.K.Nandhavanam?

The Sunguvarchattram Sub Registrar Office covers the registration for R.M.K.Nandhavanam. It is located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.