Guideline Value for R.V.Nagar Ist Cross Street

R.V.Nagar Ist Cross Street guideline value

The current guideline value of R.V.Nagar Ist Cross Street is Rs 6,500 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village, under the AnnaNagar SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of R.V.Nagar Ist Cross Street has changed

The guideline value for R.V.Nagar Ist Cross Street has undergone several revisions over the years. In 2007, the value was set at Rs 1,500 per sq.ft. This increased significantly to Rs 6,000 per sq.ft in 2012, marking a 300% rise. However, the value dropped to Rs 4,020 per sq.ft in 2017, a decrease of 33%. The next revision in 2023 saw the value rise to Rs 6,000 per sq.ft, followed by a further increase to Rs 6,500 per sq.ft in 2024, which is an 8% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 333%. The register does not contain 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 that carry a 2024 guideline value ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median guideline value for these streets is Rs 4,900 per sq.ft, placing R.V.Nagar Ist Cross Street above this median.

• R.V.Nagar 6th Street: Rs 6,500 per sq.ft (2024)
• Sabapathy Poosari Street & Cross Street: Rs 4,900 per sq.ft (2024)
• R.V.Nagar 5th Street & Cross Street: Rs 6,500 per sq.ft (2024)
• 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 2nd Cross Street: Rs 6,500 per sq.ft (2024)

Stamp duty and registration fee for property in R.V.Nagar Ist 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 amounts to Rs 65,00,000. The stamp duty at 7% would be Rs 4,55,000, and the registration fee at 2% would be Rs 1,30,000, bringing the total cost for these fees 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 the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers R.V.Nagar Ist Cross Street?

The Sub Registrar Office that covers R.V.Nagar Ist Cross Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ayanavaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of transaction.

When a property is sold, the registration office uses the guideline value to assess the applicable fees, ensuring that both buyers and sellers are aware of the costs involved in the transaction. This process helps maintain transparency and consistency in property dealings.

Frequently asked questions

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

The current guideline value of R.V.Nagar Ist Cross Street is Rs 6,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 1,500 per sq.ft to Rs 6,500 per sq.ft in 2024, reflecting an overall increase of 333% over this period.

What is the land classification for R.V.Nagar Ist Cross Street?

The land classification for R.V.Nagar Ist Cross Street is Residential Class I Type - I.

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

The Sub Registrar Office for R.V.Nagar Ist Cross Street is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.

How is the stamp duty calculated for properties in Ayanavaram?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 65,00,000, the stamp duty at 7% would amount to Rs 4,55,000.