Guideline Value for RB NAGAR

Rb Nagar guideline value

The current guideline value of Rb Nagar, located in Palliagaram village under the Salavakkam SRO, is Rs 104 per sq.ft as per the 2024 revision, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Rb Nagar has changed

Since the 2012 revision, the guideline value for Rb Nagar has seen various changes. The value was Rs 100 per sq.ft in 2012, which decreased to Rs 67 per sq.ft in 2017. Following this, the value increased significantly to Rs 100 per sq.ft in the 2023 revision, and most recently, it has risen to Rs 104 per sq.ft in the 2024 revision, marking a 4% increase from the previous year.

Looking at the overall changes, the guideline value increased by 49% from 2017 to 2023. From 2012 to 2024, the overall change is an increase of 4%. There are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Palliagaram

In Palliagaram, there are 7 streets under the Salavakkam SRO that carry a 2024 guideline value of Rs 104 per sq.ft, with the median also being Rs 104 per sq.ft. Rb Nagar's 2024 guideline value matches this median.

• Rb Nagar Phase-II: Rs 104 per sq.ft (2024)
• Rajinikanth Nagar: Rs 104 per sq.ft (2024)
• Rajarathinam Nagar: Rs 104 per sq.ft (2024)
• Jyothi Nagar: Rs 104 per sq.ft (2024)
• Jothi Nagar Part-II: Rs 104 per sq.ft (2024)
• Jothi Nagar Part-I: Rs 104 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 104 per sq.ft, the total guideline value would be Rs 1,04,000. The stamp duty at 7% would amount to Rs 7,280, while the registration fee at 2% would be Rs 2,080. Together, the total cost for stamp duty and registration fee would be Rs 9,360. 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 Rb Nagar?

The Sub Registrar Office that covers Rb Nagar is the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Palliagaram. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid during the registration process. This ensures that the transaction is recorded accurately and complies with local regulations.

It is essential for buyers and sellers to be aware of the current guideline value as it affects the overall cost of the transaction. The guideline value is regularly updated to reflect changes in the real estate market and is an important factor in property dealings.

Frequently asked questions

What is the current guideline value of Rb Nagar?

The current guideline value of Rb Nagar is Rs 104 per sq.ft as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, then to Rs 100 per sq.ft in 2023, and finally to Rs 104 per sq.ft in 2024.

What is the land classification for Rb Nagar?

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

Where can I find the Salavakkam Sub Registrar Office?

The Salavakkam Sub Registrar Office is located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone.

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

The stamp duty for property in Rb Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total guideline value would be Rs 1,04,000, leading to a stamp duty of Rs 7,280.