Guideline Value for R.V. Nagar 67th Street

R.V. Nagar 67th Street guideline value

The current guideline value for R.V. Nagar 67th Street is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village and falls under the Ashok Nagar SRO. The land classification for this area is Residential Class III Type - II.

How the guideline value of R.V. Nagar 67th Street has changed

The guideline value for R.V. Nagar 67th Street has seen several revisions over the years. The 2007 revision set the value at Rs 1,460 per sq.ft, which increased significantly to Rs 4,500 per sq.ft in both the 2012 and 2023 revisions. The latest revision in 2024 raised the guideline value to Rs 4,900 per sq.ft, marking a 9% increase from the previous year.

Between the 2007 and 2012 revisions, there was a notable increase of 208%. Overall, from 2007 to 2024, the guideline value has increased by 236%. It is also important to note that the register has no figures for the years 2002, 2003, and 2017 for this street.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value is Rs 4,900 per sq.ft, which is equal to the current figure for R.V. Nagar 67th Street.

• R.V. Nagar 66th Street: Rs 4,900 per sq.ft (2024)
• R.V. Nagar 68th Street: Rs 4,900 per sq.ft (2024)
• R.V. Nagar 65th Street: Rs 4,900 per sq.ft (2024)
• R.V. Nagar 69A Street: Rs 4,900 per sq.ft (2024)
• R.V. Nagar 69th Street: Rs 4,900 per sq.ft (2024)
• R.V. Nagar 72nd Street: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in R.V. Nagar 67th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value would be Rs 49,00,000. The stamp duty at 7% would amount to Rs 3,43,000, while the registration fee at 2% would be Rs 98,000, bringing the total charges to Rs 4,41,000. 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.V. Nagar 67th Street?

The Sub Registrar Office that covers R.V. Nagar 67th Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Kodambakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction. Buyers and sellers should be aware that the guideline value is used to assess the official value of the property for registration purposes.

When a property is sold, the buyer must ensure that the transaction is registered at the appropriate Sub Registrar Office, using the guideline value to calculate the necessary fees. This ensures compliance with local regulations and proper documentation of the property transfer.

Frequently asked questions

What is the current guideline value for R.V. Nagar 67th Street?

The current guideline value for R.V. Nagar 67th Street is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,460 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, representing an overall increase of 236%.

What is the land classification for R.V. Nagar 67th Street?

The land classification for R.V. Nagar 67th Street is Residential Class III Type - II.

Where is the Sub Registrar Office for R.V. Nagar 67th Street located?

The Ashok Nagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What are the stamp duty and registration fees for property in R.V. Nagar 67th Street?

For a property valued at Rs 49,00,000, the stamp duty is Rs 3,43,000 and the registration fee is Rs 98,000, totaling Rs 4,41,000.