Guideline Value for R.M.P Nagar

R.M.P Nagar guideline value

The current guideline value of R.M.P Nagar is Rs 700 per sq.ft, as per the 2023 revision. This area falls under the Gooduvancheri SRO and is classified as Residential Class II Type - I.

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

In the 2012 revision, the guideline value was set at Rs 700 per sq.ft. However, in the subsequent 2017 revision, it decreased to Rs 469 per sq.ft, marking a decline of 33%. The most recent revision in 2023 saw a significant increase, bringing the guideline value back up to Rs 700 per sq.ft, which represents a 49% increase from the 2017 figure.

Overall, from the 2012 revision to the 2023 revision, the guideline value has remained unchanged at Rs 700 per sq.ft. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Nalambakkam

Currently, there are no specific village figures available for Nalambakkam. R.M.P Nagar is one of the areas under the Gooduvancheri SRO. Unfortunately, there are no other streets in Nalambakkam listed with guideline values.

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 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total fees together to Rs 63,000. 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 Sub Registrar Office that covers R.M.P Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Nalambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. This value is essential for calculating the stamp duty and registration fees, which are based on the higher of the guideline value or the sale price.

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 700 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, a decrease of 33%. It then increased back to Rs 700 per sq.ft in 2023, a rise of 49% from the 2017 figure.

What is the classification of land in R.M.P Nagar?

R.M.P Nagar is classified as Residential Class II Type - I, which indicates its designation for residential use.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a total fee of Rs 63,000.