Guideline Value for RC CITY

Rc City guideline value

The current guideline value of Rc City, located in Vadakkupattu B village, is Rs 1,493 per sq.ft as per the 2024 revision, effective from 1 July 2024. This area falls under the Walajabad SRO and is classified as Residential Special Type - I.

How the guideline value of Rc City has changed

The guideline value for Rc City has seen several revisions over the years. In 2017, the guideline value was set at Rs 1,000 per sq.ft. This figure remained unchanged in the subsequent revisions until 2023, where it was still Rs 1,493 per sq.ft. The 2024 revision also maintained the same value of Rs 1,493 per sq.ft, indicating no change from the previous year.

When looking at the changes between revisions, from 2017 to 2023, there was a significant increase of 49%. Overall, from 2017 to 2024, the guideline value has increased by 49% as well. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Vadakkupattu B

In Vadakkupattu B, there are four streets under the Walajabad SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 1,500 per sq.ft. The median guideline value for these streets is Rs 947 per sq.ft, placing Rc City's 2024 figure above that median.

• Daim City: Rs 1,500 per sq.ft (2024)
• Sri Ponniamman Nagar: Rs 400 per sq.ft (2024)
• வளர்மதி நகர்: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Rc City

For a 1,000 sq.ft plot at the current guideline value of Rs 1,493 per sq.ft, the total guideline value amounts to Rs 14,93,000. The stamp duty at 7% would be Rs 1,04,510, while the registration fee at 2% would be Rs 29,860. Together, the total cost for these fees would be Rs 1,34,370. 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 information.

Which Sub Registrar Office covers Rc City?

The Rc City area is covered by the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vadakkupattu B. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value ensures that the transaction is recorded at a value that reflects the official pricing set by the government. This helps maintain transparency in property transactions and ensures that the appropriate taxes are collected.

Frequently asked questions

What is the current guideline value of Rc City?

The current guideline value of Rc City is Rs 1,493 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 1,000 per sq.ft to Rs 1,493 per sq.ft, marking a 49% increase overall by 2024.

What are the other streets in Vadakkupattu B?

Other streets in Vadakkupattu B include Daim City with a guideline value of Rs 1,500 per sq.ft, Sri Ponniamman Nagar at Rs 400 per sq.ft, and வளர்மதி நகர் also at Rs 400 per sq.ft.

Where can I find the Walajabad Sub Registrar Office?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, the stamp duty is typically 7% of the guideline value, while the registration fee is 2%.