Guideline Value for R.V. Nagar 75th Street

R.V. Nagar 75th Street guideline value

The current guideline value of R.V. Nagar 75th 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 75th Street has changed

In the 2007 revision, the guideline value was set at Rs 1,460 per sq.ft. This figure saw a significant increase in the 2012 revision, where it rose to Rs 4,500 per sq.ft, marking a change of +208%. The value remained unchanged in the 2023 revision at Rs 4,500 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 4,900 per sq.ft, reflecting a change of +9% from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by +236%. It is important to note that there are no figures available for the years 2002, 2003, and 2017 in the register for this street.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO, with guideline values 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 guideline value of R.V. Nagar 75th Street for 2024.

• R.V. Nagar 74th Street: Rs 4,900 per sq.ft (2024)
• R.V. Nagar 76th Street: Rs 4,900 per sq.ft (2024)
• R.V. Nagar 73rd Street: Rs 4,900 per sq.ft (2024)
• R.V. Nagar 72nd Street: Rs 4,900 per sq.ft (2024)
• R.V. Nagar A to Z Blocks & AA Bloock: Rs 4,900 per sq.ft (2024)
• R.V. Nagar 69th Street: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in R.V. Nagar 75th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the guideline value amounts to Rs 49,00,000. The stamp duty at 7% would be Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, bringing the total 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 calculate your stamp duty and registration fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers R.V. Nagar 75th Street?

The R.V. Nagar 75th Street falls under the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near Nolambur Eb Office. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during property registration in Kodambakkam. It serves as a benchmark for determining the value of the property being registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for legal and taxation purposes. Buyers should be aware that the guideline value may influence the overall cost of purchasing a property, as it directly affects the fees payable at registration.

Frequently asked questions

What is the current guideline value of R.V. Nagar 75th Street?

The current guideline value of R.V. Nagar 75th 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% over the years.

What is the registration office for R.V. Nagar 75th Street?

The registration office for R.V. Nagar 75th Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What are the stamp duty and registration fees for a property in R.V. Nagar 75th Street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 4,41,000, which includes a stamp duty of Rs 3,43,000 and a registration fee of Rs 98,000.

How is the guideline value used in property transactions?

The guideline value is used to determine the value of a property during registration and is essential for calculating stamp duty and registration fees. It ensures that the transaction is recorded at a fair value for legal and taxation purposes.