Guideline Value for R.M.R.ENCLAVE

R.M.R.Enclave guideline value

The current guideline value of R.M.R.Enclave is Rs 1,320 per sq.ft, effective from 1 July 2024. This area is located in Thirumazhisai village under the Poonamallee SRO, classified as Commercial Special Type - I.

How the guideline value of R.M.R.Enclave has changed

The guideline value for R.M.R.Enclave has seen several revisions over the years. In 2012, the value was set at Rs 1,200 per sq.ft. This figure was revised in 2017 to Rs 804 per sq.ft, showing a decrease of 33%. The 2023 revision brought the value back up to Rs 1,200 per sq.ft, and the most recent revision in 2024 has increased it to Rs 1,320 per sq.ft, marking a 10% rise from the previous year.

From 2017 to 2023, there was a significant increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thirumazhisai

In Thirumazhisai, there are 86 streets under the Poonamallee SRO, with the 2024 guideline values ranging from Rs 730 to Rs 3,500 per sq.ft. The median value is Rs 1,320 per sq.ft, which matches the guideline value for R.M.R.Enclave.

• Ranjith Maharaj Enclave: Rs 1,550 per sq.ft (2024)
• Sai Avenue: Rs 1,550 per sq.ft (2024)
• Sai Golden Paradise Extension: Rs 1,440 per sq.ft (2024)
• Sai's Golden Paradise Extn: Rs 1,650 per sq.ft (2024)
• Ramachandra nagar: Rs 1,100 per sq.ft (2024)
• Saravana Prasad Avenue: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in R.M.R.Enclave

For a 1,000 sq.ft plot at the current rate of Rs 1,320 per sq.ft, the guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, totaling Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers R.M.R.Enclave?

The Sub Registrar Office that covers R.M.R.Enclave is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thirumazhisai. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

Frequently asked questions

What is the current guideline value of R.M.R.Enclave?

The current guideline value of R.M.R.Enclave is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the land classification for R.M.R.Enclave?

R.M.R.Enclave is classified as Commercial Special Type - I under the land classification system.

What are the stamp duty rates applicable in R.M.R.Enclave?

The stamp duty rate applicable in R.M.R.Enclave is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where is the Poonamallee Sub Registrar Office located?

The Poonamallee Sub Registrar Office is located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.