Guideline Value for RAMA KRISHNA NAGAR - ANNEX

Rama Krishna Nagar - Annex guideline value

The current guideline value of Rama Krishna Nagar - Annex is Rs 300 per sq.ft, as per the 2023 revision. This area falls under Putlur village and is governed by the Tiruvallur Joint 1 SRO. The land classification for this location is Residential Class I Type - II.

How the guideline value of Rama Krishna Nagar - Annex has changed

Over the years, the guideline value of Rama Krishna Nagar - Annex has undergone several revisions. The 2012 revision set the guideline value at Rs 500 per sq.ft, which was then reduced to Rs 335 per sq.ft in the 2017 revision, marking a decrease of 33%. The most recent revision in 2023 saw a further decline to Rs 300 per sq.ft, representing a 10% drop from the 2017 figure. It is important to note that the register has no figure for this street for the years 2002, 2003, and 2007, as well as for 2024.

In summary, from the 2012 revision to the 2023 revision, the overall decrease in guideline value is 40%. The changes in guideline value reflect the adjustments made over the years, impacting property transactions in this area.

Guideline values in Putlur

No specific village figures are provided for Putlur, and Rama Krishna Nagar - Annex is one of the streets under the Tiruvallur Joint 1 SRO. Currently, there are no other streets in Putlur listed with guideline values.

Stamp duty and registration fee for property in Rama Krishna Nagar - Annex

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rama Krishna Nagar - Annex?

The Sub Registrar Office covering Rama Krishna Nagar - Annex is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. To find your specific SRO, you can visit find your SRO.

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

When buying or selling property in Putlur, the guideline value serves as a benchmark for determining the stamp duty and registration fees. These fees are calculated based on the higher value between the guideline value and the actual sale price, ensuring that the government receives the appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly influences the costs associated with property registration. Understanding these values can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Rama Krishna Nagar - Annex?

The current guideline value of Rama Krishna Nagar - Annex is Rs 300 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has decreased from Rs 500 per sq.ft in 2012 to Rs 300 per sq.ft in 2023, marking an overall decline of 40% over this period.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 and the registration fee would be Rs 6,000, totaling Rs 27,000.

Which Sub Registrar Office covers Rama Krishna Nagar - Annex?

The Tiruvallur Joint 1 Sub Registrar Office covers Rama Krishna Nagar - Annex, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.

Are there other streets in Putlur with guideline values?

No specific other streets in Putlur are listed with guideline values at this time.