Guideline Value for RAMA KRISHNA NAGAR -PHASE-II

Rama Krishna Nagar -Phase-II guideline value

The current guideline value of Rama Krishna Nagar -Phase-II is Rs 300 per sq.ft. This area falls under Putlur village and is registered with the Tiruvallur Joint 1 SRO. The land classification for this locality is Residential Class I Type - II.

How the guideline value of Rama Krishna Nagar -Phase-II has changed

The guideline value for Rama Krishna Nagar -Phase-II has seen several revisions over the years. In 2012, the guideline value was set at Rs 500 per sq.ft. This figure was revised to Rs 335 per sq.ft in 2017, marking a decrease of 33%. The most recent revision in 2023 saw the guideline value drop further to Rs 300 per sq.ft, which is a reduction of 10% from the previous figure.

Overall, from 2012 to 2023, the guideline value has decreased by 40%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2024 in the register for this street.

Guideline values in Putlur

Currently, there are no specific village figures available for Putlur. Rama Krishna Nagar -Phase-II is part of the area under the Tiruvallur Joint 1 SRO. There are no other streets in Putlur listed with guideline values.

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

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, while the registration fee at 2% would be Rs 6,000. Together, the total cost for stamp duty and registration would be Rs 27,000. It is essential to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Rama Krishna Nagar -Phase-II?

The Sub Registrar Office covering Rama Krishna Nagar -Phase-II is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. For more information, you can find your SRO.

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

The guideline value is a critical factor when registering property transactions in Putlur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value rather than individual sale prices.

When buying or selling property, the guideline value helps both parties understand the financial obligations involved in the transaction. It is essential for buyers to be aware of the current guideline value to anticipate the costs associated with property registration.

Frequently asked questions

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

The current guideline value of Rama Krishna Nagar -Phase-II 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, representing a total 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 office handles property registrations for Rama Krishna Nagar -Phase-II?

The Tiruvallur Joint 1 Sub Registrar Office handles property registrations for Rama Krishna Nagar -Phase-II, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.

Are there any other streets in Putlur with guideline values?

Currently, there are no other streets in Putlur listed with guideline values in the register.