Guideline Value for R.R.NAGAR

R.R.Nagar guideline value

The current guideline value of R.R.Nagar in Sattamangalam village is Rs 660 per sq.ft, effective from 1 July 2024. This area falls under the Chengleput Joint II SRO and is classified as Residential Class I Type - III.

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

The guideline value for R.R.Nagar has seen significant changes over the years. In the 2007 revision, the value was Rs 210 per sq.ft. This increased to Rs 600 per sq.ft in the 2023 revision, marking a substantial rise of 186%. The most recent revision in 2024 has set the guideline value at Rs 660 per sq.ft, which is a 10% increase from the previous year.

It is important to note that the register has no figure for R.R.Nagar in the revisions of 2002, 2003, 2007, 2012, and 2017. Overall, from 2007 to 2024, there has been an increase of 214% in the guideline value.

Guideline values in Sattamangalam

In Sattamangalam, there are 425 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, making the 2024 figure for R.R.Nagar below this median.

• Rukumani Nagar (N): Rs 660 per sq.ft (2024)
• Roshan Babu Nagar (Ward -19): Rs 660 per sq.ft (2024)
• Sabathi Nagar (Per): Rs 440 per sq.ft (2024)
• Sadasivam Salai (Ward -18): Rs 1,320 per sq.ft (2024)
• Sadasivam Salai (Ward -2): Rs 1,320 per sq.ft (2024)
• Sagunthapuram (N): Rs 660 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 guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty is charged at 7%, which comes to Rs 46,200, and the registration fee is 2%, amounting to Rs 13,200. Together, the total cost for stamp duty and registration fee would be Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers R.R.Nagar?

The Sub Registrar Office that covers R.R.Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Sattamangalam. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately, reflecting the value of the property according to the local government standards. This value is essential for both the buyer and seller to understand their financial obligations during the registration process.

Frequently asked questions

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

The current guideline value of R.R.Nagar is Rs 660 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2007?

Since 2007, the guideline value has increased by 214%, from Rs 210 per sq.ft to Rs 660 per sq.ft in 2024.

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

R.R.Nagar is classified as Residential Class I Type - III, indicating its suitability for residential development.

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

The stamp duty for property in R.R.Nagar is charged at 7% of the guideline value or sale price, whichever is higher.

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

The Sub Registrar Office for R.R.Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.