Guideline Value for R.P.K NAGAR

R.P.K Nagar guideline value

The current guideline value of R.P.K Nagar, located in Noombal village under the Kunrathur SRO, is Rs 4,290 per sq.ft, effective from 1 July 2024. This area is classified as Commercial Class I Type - I.

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

The guideline value for R.P.K Nagar has remained consistent at Rs 4,290 per sq.ft in both the 2023 and 2024 revisions. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017 in the register for this street.

Since the 2023 revision, there has been no change in the guideline value, which reflects a stable valuation for the area. The current figure of Rs 4,290 per sq.ft is the same as it was in the previous year.

Guideline values in Noombal

Noombal village has a total of 164 streets under the Kunrathur SRO, with guideline values ranging from Rs 1,100 to Rs 6,500 per sq.ft. The median guideline value for these streets is Rs 2,090 per sq.ft, indicating that R.P.K Nagar's 2024 figure is above this median.

• Ranga Colony: Rs 2,090 per sq.ft (2024)
• Ram Nagar: Rs 2,090 per sq.ft (2024)
• Ramas Encalve: Rs 2,090 per sq.ft (2024)
• Santhosh Nagar: Rs 2,090 per sq.ft (2024)
• Rajiv Nagar Selva Vinayagar Koil Street: Rs 2,090 per sq.ft (2024)
• Rajiv Nagar Main Road Ist Cross Street: Rs 2,090 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 4,290 per sq.ft, the total guideline value amounts to Rs 42,90,000. The stamp duty at 7% would be Rs 3,00,300, and the registration fee at 2% would be Rs 85,800, bringing the total to Rs 3,86,100. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers R.P.K Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions within Noombal. It serves as a benchmark for determining the stamp duty and registration fees during the sale or purchase of property. Buyers and sellers must refer to the guideline value to ensure compliance with local regulations.

When a property is registered, the guideline value is used to calculate the applicable fees. This value is essential for both parties to understand, as it affects the overall cost of the transaction and ensures that the appropriate taxes are paid to the government.

Frequently asked questions

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

The current guideline value of R.P.K Nagar is Rs 4,290 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for R.P.K Nagar has been Rs 4,290 per sq.ft since the 2023 revision and remains the same in the 2024 revision. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017 for this street.

What is the land classification of R.P.K Nagar?

R.P.K Nagar is classified as Commercial Class I Type - I, indicating its designation for commercial use under the local land classification system.

What are the stamp duty rates for property transactions in R.P.K Nagar?

The stamp duty for property transactions in R.P.K Nagar is charged at 7% of the guideline value or sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.

Where can I find the Sub Registrar Office for R.P.K Nagar?

The Sub Registrar Office for R.P.K Nagar is located at No.59, Road Street, Kundrathur, Chennai -600 069. This office handles all registration processes for properties in the area.