Guideline Value for R.V.NAGAR

R.V.Nagar guideline value

The current guideline value of R.V.Nagar, located in Kakkalur village under the Tiruvallur Joint 1 SRO, is Rs 626 per sq.ft as per the 2024 revision effective from 1 July 2024. This area falls under the Residential Class II Type - III land classification.

How the guideline value of R.V.Nagar has changed

In the 2012 revision, the guideline value was Rs 625 per sq.ft. This figure saw a decrease to Rs 419 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to the 2023 revision, there was a significant increase of 49%, bringing the value back up to Rs 626 per sq.ft. The 2023 and 2024 revisions show no change, maintaining the guideline value at Rs 626 per sq.ft.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, comparing the 2012 revision to the 2024 revision, there has been no net change in the guideline value.

Guideline values in Kakkalur

Kakkalur village has 133 streets under the Tiruvallur Joint 1 SRO with a 2024 guideline value ranging from Rs 400 to Rs 3,000 per sq.ft. The median guideline value is Rs 626 per sq.ft, which is equal to the current value for R.V.Nagar.

• R.P. Nagar: Rs 626 per sq.ft (2024)
• Royal Homes Part-I To III: Rs 626 per sq.ft (2024)
• Roja Street: Rs 626 per sq.ft (2024)
• R.K. Nagar: Rs 626 per sq.ft (2024)
• Sai Mount View Avenue: Rs 626 per sq.ft (2024)
• Sai Nagar: Rs 626 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate of Rs 626 per sq.ft, the guideline value amounts to Rs 6,26,000. The stamp duty at 7% would be Rs 43,820, and the registration fee at 2% would be Rs 12,520, making the total charges Rs 56,340. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers R.V.Nagar?

The Sub Registrar Office that covers R.V.Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Kakkalur. It serves as the baseline for calculating stamp duty and registration fees, which are mandatory during the sale or purchase of real estate.

When a property is sold, the guideline value is used to determine the applicable fees, ensuring that both buyers and sellers comply with the regulatory requirements. This helps maintain transparency and standardization in property transactions.

Frequently asked questions

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

The current guideline value of R.V.Nagar is Rs 626 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with a decrease from Rs 625 per sq.ft in 2012 to Rs 419 per sq.ft in 2017, followed by an increase to Rs 626 per sq.ft in 2023 and remaining the same in 2024.

What is the land classification of R.V.Nagar?

R.V.Nagar is classified under Residential Class II Type - III, which indicates its designated use for residential purposes.

Where can I find the Sub Registrar Office for R.V.Nagar?

The Sub Registrar Office for R.V.Nagar is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

How is the stamp duty calculated for properties in R.V.Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 626 per sq.ft incurs a total stamp duty and registration fee of Rs 56,340.