Guideline Value for R.V.Nagar 5th Street & Cross Street

R.V.Nagar 5th Street & Cross Street guideline value

The current guideline value for R.V.Nagar 5th Street & Cross Street is Rs 6,500 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village and falls under the AnnaNagar SRO, classified as Residential Class I Type - I.

How the guideline value of R.V.Nagar 5th Street & Cross Street has changed

The guideline value for R.V.Nagar 5th Street & Cross Street has seen several revisions over the years. In the 2007 revision, the value was Rs 1,500 per sq.ft, which increased significantly to Rs 6,000 per sq.ft in 2012, marking a 300% rise. However, it then decreased to Rs 4,020 per sq.ft in 2017, a decline of 33%. The value rose again to Rs 6,000 per sq.ft in 2023, and the latest revision in 2024 set it at Rs 6,500 per sq.ft, reflecting an 8% increase from the previous year.

From 2017 to 2023, the value increased by 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 333%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ayanavaram

Ayanavaram has a total of 369 streets under the AnnaNagar SRO, with guideline values for 2024 ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median guideline value in the village is Rs 4,900 per sq.ft, making R.V.Nagar 5th Street & Cross Street's current value above this median.

• R.V.Nagar 4th Street & Cross Street: Rs 6,500 per sq.ft (2024)
• R.V.Nagar 3rd Cross Street: Rs 6,500 per sq.ft (2024)
• R.V.Nagar 6th Street: Rs 6,500 per sq.ft (2024)
• R.V.Nagar 2nd Cross Street: Rs 6,500 per sq.ft (2024)
• R.V.Nagar Ist Cross Street: Rs 6,500 per sq.ft (2024)
• Sabapathy Poosari Street & Cross Street: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in R.V.Nagar 5th Street & Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,500 per sq.ft, the total guideline value would be Rs 65,00,000. The stamp duty at 7% would amount to Rs 4,55,000, and the registration fee at 2% would be Rs 1,30,000, bringing the total to Rs 5,85,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers R.V.Nagar 5th Street & Cross Street?

The Sub Registrar Office that covers R.V.Nagar 5th Street & Cross Street is the AnnaNagar 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 Ayanavaram

The guideline value is a critical reference point when registering property transactions in Ayanavaram. It is used to calculate the stamp duty and registration fees that buyers must pay during the property registration process.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency and accountability in real estate dealings.

Frequently asked questions

What is the current guideline value for R.V.Nagar 5th Street & Cross Street?

The current guideline value for R.V.Nagar 5th Street & Cross Street is Rs 6,500 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,500 per sq.ft in 2007 to Rs 6,500 per sq.ft in 2024, marking an overall increase of 333%.

What is the median guideline value in Ayanavaram?

The median guideline value in Ayanavaram is Rs 4,900 per sq.ft, with R.V.Nagar 5th Street & Cross Street's current value being above this median.

Where can I find the Sub Registrar Office for R.V.Nagar 5th Street & Cross Street?

The Sub Registrar Office for R.V.Nagar 5th Street & Cross Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a total of Rs 5,85,000 in fees.