Guideline Value for RAKESH NAGAR ANNEUX -II

Rakesh Nagar Anneux -II guideline value

The current guideline value for Rakesh Nagar Anneux -II is Rs 1,000 per sq.ft. This area is located in Rathinamangalam village and falls under the Gooduvancheri SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Rakesh Nagar Anneux -II has changed

In the 2012 revision, the guideline value was set at Rs 1,000 per sq.ft. This figure remained unchanged in the subsequent 2017 revision, where it dropped to Rs 670 per sq.ft, marking a decrease of 33%. The most recent revision in 2023 saw the guideline value return to Rs 1,000 per sq.ft, reflecting an increase of 49% from the 2017 figure. The register has no figures for the revisions in 2002, 2003, 2007, and 2024.

Overall, from the 2012 revision to the 2023 revision, the guideline value has remained the same, with a net change of +0%. This stability indicates that while there were fluctuations in the intermediate years, the current guideline value aligns with that of 2012.

Guideline values in Rathinamangalam

Currently, there are no specific guideline values provided for other areas in Rathinamangalam. Rakesh Nagar Anneux -II is the only street mentioned in the available data.

Stamp duty and registration fee for property in Rakesh Nagar Anneux -II

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, while the registration fee at 2% would be Rs 20,000. Together, these fees total Rs 90,000. It is important to note that 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 precise calculations.

Which Sub Registrar Office covers Rakesh Nagar Anneux -II?

The Sub Registrar Office that covers Rakesh Nagar Anneux -II is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

For more information, you can find your SRO.

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

The guideline value plays a crucial role in property transactions in Rathinamangalam. When buying or selling property, this value is used to determine the applicable stamp duty and registration fees. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements.

During the registration process, the guideline value serves as a benchmark for calculating various fees. Buyers should be prepared to pay stamp duty based on this value, which is crucial for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value for Rakesh Nagar Anneux -II?

The current guideline value for Rakesh Nagar Anneux -II is Rs 1,000 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, and then back to Rs 1,000 per sq.ft in 2023. Overall, there has been no net change from 2012 to 2023.

What are the stamp duty and registration fees for property in Rakesh Nagar Anneux -II?

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 and the registration fee would be Rs 20,000, totaling Rs 90,000. These fees are based on the guideline value.

Which Sub Registrar Office handles registrations for Rakesh Nagar Anneux -II?

The Gooduvancheri Sub Registrar Office handles registrations for Rakesh Nagar Anneux -II, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

Are there other streets in Rathinamangalam with guideline values?

Currently, there are no other streets in Rathinamangalam listed with guideline values. Rakesh Nagar Anneux -II is the only street mentioned in the available data.