Guideline Value for R.V. Nagar 6th Street

R.V. Nagar 6th Street guideline value

The current guideline value of R.V. Nagar 6th Street is Rs 2,700 per sq.ft. This street is located in Kodungaiyur village, which falls under the Madhavaram SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of R.V. Nagar 6th Street has changed

According to the guideline value register, the earliest revision for R.V. Nagar 6th Street is from 2012, where the guideline value was Rs 2,500 per sq.ft. The most recent revision, effective from 1 July 2024, has increased this to Rs 2,700 per sq.ft, marking an increase of 8% from the 2012 figure.

The register does not contain figures for the years 2023, 2017, 2007, 2003, and 2002 for this street. Therefore, the only revisions available are from 2012 and 2024.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO that carry a 2024 guideline value, 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 of R.V. Nagar 6th Street.

• R.V. Nagar 5th Street (Temple Street): Rs 2,700 per sq.ft (2024)
• R.V. Nagar 7th Street: Rs 2,700 per sq.ft (2024)
• R.V. Nagar 8th Street: Rs 2,700 per sq.ft (2024)
• R.V. Nagar 5th Street: Rs 2,700 per sq.ft (2024)
• R.V. Nagar 4th Street: Rs 2,700 per sq.ft (2024)
• R.V. Nagar 3rd Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in R.V. Nagar 6th 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. Together, the total cost for stamp duty and registration fee would be Rs 2,43,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers R.V. Nagar 6th Street?

The R.V. Nagar 6th Street is covered by the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process for property transactions in Kodungaiyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the registration fees and stamp duties are calculated fairly.

When buying or selling a property, the guideline value is used to assess the applicable stamp duty and registration fees. This helps in maintaining transparency and uniformity in property transactions within the region.

Frequently asked questions

What is the current guideline value of R.V. Nagar 6th Street?

The current guideline value of R.V. Nagar 6th Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for R.V. Nagar 6th Street was Rs 2,500 per sq.ft in 2012 and increased to Rs 2,700 per sq.ft in 2024, reflecting an increase of 8%.

Are there any years without a guideline value for this street?

Yes, the guideline value register does not contain figures for the years 2023, 2017, 2007, 2003, and 2002 for R.V. Nagar 6th Street.

What is the median guideline value in Kodungaiyur?

The median guideline value in Kodungaiyur is Rs 2,700 per sq.ft, which is the same as the current guideline value for R.V. Nagar 6th Street.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles the registration of properties in R.V. Nagar 6th Street.