Guideline Value for RAMA KRISHNA NAGAR

Rama Krishna Nagar guideline value

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

How the guideline value of Rama Krishna Nagar has changed

Over the years, the guideline value of Rama Krishna Nagar has seen significant changes. The guideline value was Rs 500 per sq.ft in the 2012 revision, which decreased to Rs 335 per sq.ft in 2017, marking a decline of 33%. The most recent revision in 2023 set the guideline value at Rs 300 per sq.ft, reflecting a further decrease of 10% from the 2017 figure.

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

Guideline values in Putlur

Currently, there are no specific village figures available for Putlur. However, Rama Krishna Nagar is part of the guideline values under the Tiruvallur Joint 1 SRO. Unfortunately, there are no other streets in Putlur listed with their respective rates.

Stamp duty and registration fee for property in Rama Krishna Nagar

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be 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.

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

Which Sub Registrar Office covers Rama Krishna Nagar?

The Sub Registrar Office that covers Rama Krishna Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find more information about your SRO by visiting find your SRO.

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

The guideline value is a crucial factor when registering property in Rama Krishna Nagar. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction process.

When buying or selling property, the guideline value ensures that the transaction is documented accurately and that the appropriate taxes are paid based on the higher of the guideline value or the sale price. This helps maintain transparency in real estate transactions.

Frequently asked questions

What is the current guideline value of Rama Krishna Nagar?

The current guideline value of Rama Krishna Nagar 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, reflecting a total decline of 40% over this period.

What are the stamp duty and registration fees for property in Rama Krishna Nagar?

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?

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

Are there other streets in Putlur with guideline values?

Currently, there are no other streets in Putlur listed with their respective guideline values.