Guideline Value for R.R. NAGAR

R.R. Nagar guideline value

The current guideline value for R.R. Nagar is Rs 379 per sq.ft, effective from 1 July 2024. This area falls under the Nelvaai village and is registered with the Arani_Tiruvallur SRO. The land classification for this locality is Residential Special Type - I.

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

Since the 2002 revision, the guideline value register has no figures for the years 2002, 2003, 2007, and 2012. The 2017 revision set the guideline value at Rs 379 per sq.ft, which remained unchanged in the 2023 revision. The current 2024 revision also maintains the guideline value at Rs 379 per sq.ft.

From 2017 to 2024, there has been no change in the guideline value, remaining at Rs 379 per sq.ft throughout this period. The changes between the revisions from 2023 to 2024 and from 2017 to 2023 also show an increase of 0%.

Guideline values in Nelvaai

The R.R. Nagar guideline value sits at Rs 379 per sq.ft, which is consistent with other streets in Nelvaai under the Arani_Tiruvallur SRO. Below are the guideline values for other streets in Nelvaai:

• New Star City: Rs 379 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate of Rs 379 per sq.ft, the guideline value would be Rs 3,79,000. The stamp duty at 7% would be Rs 26,530, and the registration fee at 2% would be Rs 7,580, making the total Rs 34,110. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers R.R. Nagar?

The R.R. Nagar area is covered by the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Nelvaai. It serves as a basis for calculating stamp duty and registration fees, which are mandatory when registering a property. Buyers and sellers should be aware that these costs are calculated based on the higher of the guideline value or the sale price.

When purchasing property, understanding the guideline value helps in budgeting for additional costs associated with the transaction. It is essential to refer to the latest revisions to ensure compliance with current rates during the registration process.

Frequently asked questions

What is the current guideline value for R.R. Nagar?

The current guideline value for R.R. Nagar is Rs 379 per sq.ft, effective from 1 July 2024.

How often does the guideline value get revised?

The guideline value for R.R. Nagar has been revised several times, with the most recent revisions occurring in 2017, 2023, and 2024. The values have remained consistent at Rs 379 per sq.ft during these revisions.

What are the stamp duty and registration fees for property in R.R. Nagar?

For a property valued at Rs 3,79,000, the stamp duty would be Rs 26,530, and the registration fee would be Rs 7,580, totaling Rs 34,110. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles the registration of properties in R.R. Nagar?

The registration of properties in R.R. Nagar is handled by the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101, Chennai registration zone.

What is the land classification for R.R. Nagar?

The land classification for R.R. Nagar is Residential Special Type - I, indicating its designated use for residential purposes.