Guideline Value for RB -NAGAR

Rb -Nagar guideline value

The current guideline value for Rb -Nagar in Nelli village is Rs 103 per sq.ft, effective from 1 July 2024. This area falls under the Salavakkam SRO and is classified as Residential Special Type - I.

How the guideline value of Rb -Nagar has changed

Looking at the revisions, the guideline value for Rb -Nagar was Rs 100 per sq.ft in 2023, which increased to Rs 103 per sq.ft in 2024, marking a change of +3%. Prior to that, in 2017, the value was Rs 67 per sq.ft, reflecting a significant increase of +49% to reach Rs 100 per sq.ft in 2023. The 2012 revision also recorded a value of Rs 100 per sq.ft, but there was a decrease of -33% to Rs 67 per sq.ft in 2017. The register has no figures for the years 2002, 2003, and 2007.

Overall, from 2012 to 2024, the guideline value has seen a slight increase of +3%, maintaining the same value of Rs 100 per sq.ft from 2012 to 2017, before rising to Rs 103 per sq.ft in 2024.

Guideline values in Nelli

In Nelli village, there are 25 streets under the Salavakkam SRO that carry a 2024 guideline value ranging from Rs 101 to Rs 103 per sq.ft, with the median also being Rs 103 per sq.ft. Rb -Nagar's 2024 figure aligns with this median.

• Rasi Nagar: Rs 103 per sq.ft (2024)
• Raman Nagar: Rs 103 per sq.ft (2024)
• Sai Narasimma Garden: Rs 103 per sq.ft (2024)
• Sai Narasimma Garden Phase-1: Rs 103 per sq.ft (2024)
• Sai Narasimma Garden Phase-2: Rs 103 per sq.ft (2024)
• Rajinikanth Nagar: Rs 103 per sq.ft (2024)

Stamp duty and registration fee for property in Rb -Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 103 per sq.ft, the total guideline value amounts to Rs 1,03,000. The stamp duty at 7% would be Rs 7,210, and the registration fee at 2% would be Rs 2,060, bringing the total cost to Rs 9,270. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Rb -Nagar?

The Rb -Nagar area is covered by the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu 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 Nelli

The guideline value plays a crucial role during the registration process when buying or selling property in Nelli. It serves as the basis for calculating the stamp duty and registration fees, ensuring that all transactions are conducted fairly and transparently.

When a property is sold, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Rb -Nagar?

The current guideline value of Rb -Nagar is Rs 103 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent increase from Rs 100 per sq.ft in 2023 to Rs 103 per sq.ft in 2024, which is a +3% change.

What is the classification of land in Rb -Nagar?

The land classification for Rb -Nagar is Residential Special Type - I, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for Rb -Nagar?

The Sub Registrar Office covering Rb -Nagar is the Salavakkam SRO, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone.

How is the stamp duty calculated for property in Rb -Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 1,03,000 would incur a stamp duty of Rs 7,210 at a rate of 7%.