Guideline Value

Corporate

Guideline Value for R.R.Nagar

₹880/sq.ft.

The guideline value for R.r.nagar 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]

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R.R.Nagar guideline value

The current guideline value of R.R.Nagar, located in Kovilpathagai village under the Ambattur SRO, is Rs 880 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - I land classification.

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

The guideline value for R.R.Nagar has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 880 per sq.ft, a 10% increase from the 2023 revision of Rs 800 per sq.ft. Prior to that, the 2017 revision recorded a value of Rs 536 per sq.ft, representing a significant increase of 49% from the previous 2023 figure. The 2012 revision had the guideline value at Rs 800 per sq.ft, which was a decrease of 33% from the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by 10%.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. The guideline values for R.R.Nagar have thus reflected the changes in the real estate landscape over the years, with the latest figure indicating a positive trend.

Guideline values in Kovilpathagai

In Kovilpathagai, there are 278 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 803 to Rs 2,900 per sq.ft. The median guideline value in this area is Rs 870 per sq.ft, placing R.R.Nagar's 2024 figure above that median.

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 880 per sq.ft, the total 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 charges to Rs 79,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers R.R.Nagar?

The Sub Registrar Office that covers R.R.Nagar is 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 property transactions in Kovilpathagai, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that all transactions are conducted fairly and transparently.

Additionally, the guideline value helps in assessing the worth of a property in the eyes of the law, providing a standardized measure that can be referenced during property dealings. This ensures that both buyers and sellers have a clear understanding of the financial obligations involved in the transaction.

Frequently asked questions

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

The current guideline value of R.R.Nagar is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2023 to Rs 880 per sq.ft in 2024, a 10% increase. It was Rs 536 per sq.ft in 2017 and Rs 800 per sq.ft in 2012, showing fluctuations over the years.

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

R.R.Nagar falls under the Residential Class II Type - I land classification, indicating its suitability for residential purposes.

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

The Sub Registrar Office for R.R.Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated for properties in R.R.Nagar?

Stamp duty for properties in R.R.Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 61,600 at the current guideline value of Rs 8,80,000.