Guideline Value for R.M.P NAGAR

R.M.P Nagar guideline value

The current guideline value of R.M.P Nagar, located in Anupampattu village under the Ponneri SRO, is Rs 300 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class II Type - I.

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

In the 2017 revision, the guideline value was set at Rs 201 per sq.ft. This figure increased to Rs 300 per sq.ft in the 2023 revision, marking a 49% rise. The 2024 revision also maintains the guideline value at Rs 300 per sq.ft, indicating no change from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for R.M.P Nagar. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%.

Guideline values in Anupampattu

In Anupampattu, there are 42 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 500 per sq.ft, with the median being Rs 300 per sq.ft. R.M.P Nagar's 2024 guideline value aligns with this median.

• Sai Nagar: Rs 300 per sq.ft (2024)
• Ramakrishna Nagar: Rs 300 per sq.ft (2024)
• Raja Avenue: Rs 300 per sq.ft (2024)
• Selliamman Nagar: Rs 300 per sq.ft (2024)
• Rail Nagar: Rs 300 per sq.ft (2024)
• Semmozhi Nagar: Rs 300 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, while the registration fee at 2% would be Rs 6,000, bringing the total to Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

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

The R.M.P Nagar area is covered by the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Anupampattu, as it determines the minimum value at which a property can be registered. It is used to calculate the stamp duty and registration fees that buyers must pay during the registration process.

When selling a property, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. This helps maintain transparency and integrity in real estate transactions within the region.

Frequently asked questions

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

The current guideline value of R.M.P Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in both 2023 and 2024, marking a 49% increase overall from 2017 to 2024.

What are the other streets in Anupampattu with the same guideline value?

Other streets in Anupampattu that share the same guideline value of Rs 300 per sq.ft include Sai Nagar, Ramakrishna Nagar, Raja Avenue, Selliamman Nagar, Rail Nagar, and Semmozhi Nagar.

What fees are associated with buying property in R.M.P Nagar?

When buying property in R.M.P Nagar, buyers must pay a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Where is the Ponneri Sub Registrar Office located?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. This office handles all registrations for properties in the R.M.P Nagar area.