Guideline Value for RABIT NAGAR

Rabit Nagar guideline value

The current guideline value of Rabit Nagar is Rs 3,575 per sq.ft, effective from 1 July 2024. This area is located in Kerugambakkam village under the Pammal SRO, classified as Residential Class I Type - V.

How the guideline value of Rabit Nagar has changed

The guideline value for Rabit Nagar has been revised only once in recent years. The latest revision, effective from 1 July 2024, sets the value at Rs 3,575 per sq.ft. There are no figures available for this street in the register for the years 2023, 2017, 2012, 2007, 2003, and 2002.

As such, there have been no changes in the guideline value between these revisions. The only current figure is from the 2024 revision.

Guideline values in Kerugambakkam

In Kerugambakkam, there are 144 streets under the Pammal SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 4,800 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Rabit Nagar's 2024 figure above that median.

• Rajiv Gandhi Street: Rs 1,100 per sq.ft (2024)
• Ramachandira Nagar: Rs 2,750 per sq.ft (2024)
• Pichaiamman Nagar: Rs 3,300 per sq.ft (2024)
• Perumal Koil Street (ward 7): Rs 1,980 per sq.ft (2024)
• Perumal Koil Street (ward 4): Rs 1,980 per sq.ft (2024)
• Periyar Salai: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Rabit Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,575 per sq.ft, the total guideline value amounts to Rs 35,75,000. The stamp duty at 7% would be Rs 2,50,250, and the registration fee at 2% would be Rs 71,500, bringing the total fees together to Rs 3,21,750. It is important to note that 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 Rabit Nagar?

The Sub Registrar Office that covers Rabit Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kerugambakkam. It serves as a benchmark for determining the minimum value of the property for registration purposes.

When a property is registered, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately according to the prevailing regulations.

Frequently asked questions

What is the current guideline value of Rabit Nagar?

The current guideline value of Rabit Nagar is Rs 3,575 per sq.ft, effective from 1 July 2024.

What land classification does Rabit Nagar fall under?

Rabit Nagar is classified as Residential Class I Type - V.

How many streets in Kerugambakkam have a 2024 guideline value?

There are 144 streets in Kerugambakkam under the Pammal SRO that carry a 2024 guideline value.

What is the median guideline value for streets in Kerugambakkam?

The median guideline value for streets in Kerugambakkam is Rs 2,200 per sq.ft.

Where is the Pammal Sub Registrar Office located?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.