Guideline Value for RAMA NUJAR NAGAR

Rama Nujar Nagar guideline value

The current guideline value of Rama Nujar Nagar is Rs 626 per sq.ft, effective from 1 July 2024. This area is located in Kakkalur village under the Tiruvallur Joint 1 SRO, classified as Residential Class II Type - III.

How the guideline value of Rama Nujar Nagar has changed

In the 2012 revision, the guideline value was Rs 625 per sq.ft. This value decreased to Rs 419 per sq.ft in the 2017 revision, marking a drop of 33%. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 626 per sq.ft. The 2023 revision maintained the same value of Rs 626 per sq.ft, which has carried over into the 2024 revision.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, comparing the 2012 revision to the 2024 revision, the guideline value has remained unchanged at Rs 626 per sq.ft.

Guideline values in Kakkalur

Kakkalur village has a total of 133 streets under the Tiruvallur Joint 1 SRO, with guideline values ranging from Rs 400 to Rs 3,000 per sq.ft. The median guideline value in this area is Rs 626 per sq.ft, which is equal to the current value of Rama Nujar Nagar.

• Ram Nagar: Rs 626 per sq.ft (2024)
• Redhillis Road: Rs 800 per sq.ft (2024)
• R.K. Nagar: Rs 626 per sq.ft (2024)
• Roja Street: Rs 626 per sq.ft (2024)
• Royal Homes Part-I To III: Rs 626 per sq.ft (2024)
• R.P. Nagar: Rs 626 per sq.ft (2024)

Stamp duty and registration fee for property in Rama Nujar Nagar

For a 1,000 sq.ft plot at the current rate of Rs 626 per sq.ft, the guideline value amounts to Rs 6,26,000. The stamp duty at 7% would be Rs 43,820, and the registration fee at 2% would be Rs 12,520, totaling Rs 56,340. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rama Nujar Nagar?

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

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

The guideline value is a crucial factor in determining the stamp duty and registration fees when buying or selling property in Kakkalur. It serves as a benchmark for property transactions, ensuring that the government receives appropriate revenue from property sales.

When a property is registered, the guideline value is used to calculate the applicable fees. Buyers should be aware that the duty is charged on the higher of the guideline value or the sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Rama Nujar Nagar?

The current guideline value of Rama Nujar Nagar is Rs 626 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with a notable increase of 49% from Rs 419 per sq.ft in 2017 to Rs 626 per sq.ft in 2023. The value remained unchanged at Rs 626 per sq.ft from 2023 to 2024.

What is the median guideline value in Kakkalur?

The median guideline value in Kakkalur is Rs 626 per sq.ft, which is the same as the current guideline value for Rama Nujar Nagar.

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

For a property valued at Rs 6,26,000, the stamp duty would be Rs 43,820 and the registration fee would be Rs 12,520, totaling Rs 56,340. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Rama Nujar Nagar located?

The Tiruvallur Joint 1 Sub Registrar Office is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. This office handles registrations for properties in the area.