Guideline Value for R.V. Nagar 3rd Street

R.V. Nagar 3rd Street guideline value

The current guideline value of R.V. Nagar 3rd Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village under the Madhavaram SRO, classified as Residential Class I Type - I.

How the guideline value of R.V. Nagar 3rd Street has changed

The guideline value register for R.V. Nagar 3rd Street shows no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision is from 2024, which sets the guideline value at Rs 2,700 per sq.ft.

Prior to the 2024 revision, there were no recorded figures for this street in the guideline value register for the aforementioned years. Therefore, the current value stands as the first recorded figure for R.V. Nagar 3rd Street in the guideline value register.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO, with the 2024 guideline values ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median value for these streets is Rs 2,700 per sq.ft, which is equal to the guideline value for R.V. Nagar 3rd Street.

• R.V. Nagar 3rd Main Road: Rs 2,700 per sq.ft (2024)
• R.V. Nagar 4th Street: Rs 2,700 per sq.ft (2024)
• R.V. Nagar 5th Street: Rs 2,700 per sq.ft (2024)
• R.V. Nagar 2nd Street: Rs 2,700 per sq.ft (2024)
• R.V. Nagar 2nd Main Road: Rs 2,700 per sq.ft (2024)
• R.V. Nagar 5th Street (Temple Street): Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in R.V. Nagar 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total cost to Rs 2,43,000. Please note that 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 details.

Which Sub Registrar Office covers R.V. Nagar 3rd Street?

The Sub Registrar Office that covers R.V. Nagar 3rd Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Kodungaiyur. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two values is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of R.V. Nagar 3rd Street?

The current guideline value of R.V. Nagar 3rd Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

What is the land classification for R.V. Nagar 3rd Street?

R.V. Nagar 3rd Street is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the other streets with the same guideline value in Kodungaiyur?

Other streets in Kodungaiyur with the same guideline value of Rs 2,700 per sq.ft include R.V. Nagar 3rd Main Road, R.V. Nagar 4th Street, R.V. Nagar 5th Street, R.V. Nagar 2nd Street, R.V. Nagar 2nd Main Road, and R.V. Nagar 5th Street (Temple Street).

How is stamp duty calculated for properties in R.V. Nagar 3rd Street?

Stamp duty for properties in R.V. Nagar 3rd Street is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can visit this office for property registration and related services.