Guideline Value for R.S.V. Nagar Road
₹950/sq.ft.
The guideline value for R.s.v. Nagar Road in Chembakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 950 per sq.ft, effective 1 July 2024. It was Rs 900 per sq.ft from 1 April 2023, a 6% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.
Last updated:
Chengalpattu
Zone
Chembakkam
Village
Selaiyur
SRO
Residential Class IV Type - I
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹950 /sq.ft. |
| From 1-4-2023 | ₹900 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹603 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | ₹900 /sq.ft. |
| From 1-8-2007 To 31-3-2012 | ₹250 /sq.ft. |
| 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)
No.36,bharathmatha Salai(opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur,chennai - 600 073.
044-22391102
[email protected]
DRO (District Registrar Office)
Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]
Records for a plot on R.s.v. Nagar Road
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Selaiyur sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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R.S.V. Nagar Road guideline value
The current guideline value of R.S.V. Nagar Road is Rs 950 per sq.ft, effective from 1 July 2024. This road is located in Chembakkam village and falls under the Selaiyur SRO. The land classification for this area is Residential Class IV Type - I.
How the guideline value of R.S.V. Nagar Road has changed
The guideline value for R.S.V. Nagar Road has seen several revisions over the years. The 2007 revision set the value at Rs 250 per sq.ft, which increased significantly to Rs 900 per sq.ft in 2012. However, the value dropped to Rs 603 per sq.ft in 2017, before rising again to Rs 900 per sq.ft in 2023. The latest revision in 2024 has set the value at Rs 950 per sq.ft, marking a 6% increase from the previous year.
Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 280%. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.
Guideline values in Chembakkam
In Chembakkam, there are 472 streets under the Selaiyur SRO, with guideline values ranging from Rs 850 to Rs 6,700 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, placing R.S.V. Nagar Road's 2024 figure below that median.
- Sabari Nagar: Rs 2,700 per sq.ft (2024)
- Sadasivam Nagar 1st Street: Rs 1,100 per sq.ft (2024)
- Sadasivam Nagar 2nd Street: Rs 1,100 per sq.ft (2024)
- Sadhasivam Nagar: Rs 1,100 per sq.ft (2024)
- Sadhasivam Nagar 1st Cross Street: Rs 1,100 per sq.ft (2024)
- Sadhasivam Nagar 2nd Cross Street: Rs 1,100 per sq.ft (2024)
Stamp duty and registration fee for property in R.S.V. Nagar Road
For a 1,000 sq.ft plot at the current guideline value of Rs 950 per sq.ft, the total guideline value amounts to Rs 9,50,000. The stamp duty at 7% would be Rs 66,500, and the registration fee at 2% would be Rs 19,000, totaling Rs 85,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.
You can also use the stamp duty and registration fee calculator for more precise calculations.
Which Sub Registrar Office covers R.S.V. Nagar Road?
The Sub Registrar Office that covers R.S.V. Nagar Road is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, 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 Chembakkam
The guideline value is a crucial factor when registering property transactions in Chembakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.
When a buyer or seller engages in a transaction, the guideline value helps in assessing the financial obligations involved. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during the registration process.
Frequently asked questions
What is the current guideline value of R.S.V. Nagar Road?
The current guideline value of R.S.V. Nagar Road is Rs 950 per sq.ft, effective from 1 July 2024.
How has the guideline value changed over the years?
The guideline value has seen significant changes, increasing from Rs 250 per sq.ft in 2007 to Rs 950 per sq.ft in 2024, representing an overall increase of 280%.
What is the median guideline value in Chembakkam?
The median guideline value in Chembakkam is Rs 2,200 per sq.ft, with R.S.V. Nagar Road's 2024 figure being below this median.
What are the stamp duty and registration fees for properties on this road?
For a property valued at Rs 9,50,000, the stamp duty would be Rs 66,500 and the registration fee would be Rs 19,000, totaling Rs 85,500.
Which office handles property registrations for R.S.V. Nagar Road?
The Selaiyur Sub Registrar Office is responsible for property registrations for R.S.V. Nagar Road, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.
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