Guideline Value

Corporate

Guideline Value for R.R.Nagar Extn (S.No.426/7)

₹880/sq.ft.

The guideline value for R.r.nagar Extn (s.no.426/7) in Kovilpathagai village (Ambattur SRO, Chennai zone) is Rs 880 per sq.ft, effective 1 July 2024. It was Rs 800 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kovilpathagai

Village

Ambattur

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹880 /sq.ft.
From 1-4-2023 ₹800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹536 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹800 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop,ambattur- 600 053
044-26584174
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on R.r.nagar Extn (s.no.426/7)

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R.R.Nagar Extn (S.No.426/7) guideline value

The current guideline value of R.R.Nagar Extn (S.No.426/7) is Rs 880 per sq.ft, effective from 1 July 2024. This property is located in Kovilpathagai village and falls under the Ambattur SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of R.R.Nagar Extn (S.No.426/7) has changed

The guideline value of R.R.Nagar Extn (S.No.426/7) has undergone several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which then decreased to Rs 536 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 800 per sq.ft in 2023 and further rose to Rs 880 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2012 to 2017, the value decreased by 33%, but from 2017 to 2023, it saw a substantial increase of 49%. Overall, the guideline value has increased by 10% from 2012 to 2024. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kovilpathagai

In Kovilpathagai, there are 278 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 803 to Rs 2,900 per sq.ft. The median value for these streets is Rs 870 per sq.ft, indicating that R.R.Nagar Extn (S.No.426/7) is positioned above this median.

Stamp duty and registration fee for property in R.R.Nagar Extn (S.No.426/7)

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total to Rs 79,200. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers R.R.Nagar Extn (S.No.426/7)?

The R.R.Nagar Extn (S.No.426/7) falls under the jurisdiction of the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in determining the registration fees and stamp duty during property transactions in Kovilpathagai. It serves as a reference point for the valuation of properties, ensuring that the taxes are calculated based on the official rates set by the government.

When buying or selling property, the guideline value helps both parties understand the minimum price at which the property should be registered. This value is essential for legal documentation and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value for R.R.Nagar Extn (S.No.426/7)?

The current guideline value for R.R.Nagar Extn (S.No.426/7) is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with significant changes from Rs 800 in 2012 to Rs 880 in 2024, reflecting an overall increase of 10% over this period.

What is the stamp duty for properties in R.R.Nagar Extn (S.No.426/7)?

The stamp duty for properties in R.R.Nagar Extn (S.No.426/7) is 7% of the guideline value or the sale price, whichever is higher.

Which office handles property registrations for R.R.Nagar Extn (S.No.426/7)?

The Ambattur Sub Registrar Office handles property registrations for R.R.Nagar Extn (S.No.426/7), located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the land classification for R.R.Nagar Extn (S.No.426/7)?

The land classification for R.R.Nagar Extn (S.No.426/7) is Residential Class II Type - I, indicating its intended use for residential purposes.