Guideline Value for R.V. Nagar 76th Street

R.V. Nagar 76th Street guideline value

The current guideline value of R.V. Nagar 76th Street is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village, under the Ashok Nagar SRO, and is classified as Residential Class III Type - II.

How the guideline value of R.V. Nagar 76th Street has changed

The guideline value for R.V. Nagar 76th Street has seen several revisions over the years. In 2007, the value was Rs 1,460 per sq.ft, which increased significantly to Rs 4,500 per sq.ft in 2012, marking a change of +208%. The value remained at Rs 4,500 per sq.ft until the next revision in 2023, when it increased to Rs 4,900 per sq.ft. This change represents an increase of +9% from the previous year.

As of the latest revision in 2024, the guideline value stands at Rs 4,900 per sq.ft. It is important to note that there are no figures available for the revisions in 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 value for these streets is Rs 4,900 per sq.ft, which aligns with the guideline value of R.V. Nagar 76th Street.

• R.V. Nagar 75th Street: Rs 4,900 per sq.ft (2024)
• R.V. Nagar 74th Street: Rs 4,900 per sq.ft (2024)
• R.V. Nagar 73rd Street: Rs 4,900 per sq.ft (2024)
• R.V. Nagar A to Z Blocks & AA Block: Rs 4,900 per sq.ft (2024)
• R.V. Nagar 72nd Street: 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 76th 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 fees together to Rs 4,41,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers R.V. Nagar 76th Street?

The R.V. Nagar 76th Street falls under 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 applicable during the transaction. Buyers and sellers must be aware that the guideline value is used to calculate these fees, ensuring that the transaction is compliant with local regulations.

When a property is sold, the guideline value helps in establishing a fair price for the transaction. This value is particularly important for both buyers and sellers to understand the financial implications of their property dealings in the area.

Frequently asked questions

What is the current guideline value of R.V. Nagar 76th Street?

The current guideline value of R.V. Nagar 76th 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 are the stamp duty rates for property transactions?

The stamp duty for property transactions in R.V. Nagar 76th Street is charged at 7% of the guideline value or sale price, whichever is higher.

Which office handles property registrations in this area?

The Ashok Nagar Sub Registrar Office handles property registrations for R.V. Nagar 76th Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

Where can I find more information about stamp duty and registration fees?

For detailed information regarding stamp duty and registration fees, you can use the stamp duty and registration fee calculator.