Guideline Value for RDS NAGAR PHASE I & II

Rds Nagar Phase I & II guideline value

The current guideline value of Rds Nagar Phase I & II is Rs 150 per sq.ft. This area is located in Merattur village under the Ponneri SRO, classified as Residential Class II Type - I.

How the guideline value of Rds Nagar Phase I & II has changed

The guideline value for Rds Nagar Phase I & II has undergone several revisions over the years. The 2017 revision set the value at Rs 100 per sq.ft, which was then increased to Rs 150 per sq.ft in the 2023 revision. The 2024 revision has maintained this value at Rs 150 per sq.ft, reflecting no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 50%.

Guideline values in Merattur

In Merattur, five streets under the Ponneri SRO carry a 2024 guideline value ranging from Rs 150 to Rs 150 per sq.ft, with the median value also being Rs 150 per sq.ft. The guideline value for Rds Nagar Phase I & II is equal to this median.

• Saraswathy Avenue: Rs 150 per sq.ft (2024)
• Pasumai Nagar: Rs 150 per sq.ft (2024)
• Sri Jayam Nagar: Rs 150 per sq.ft (2024)
• Sri Subramaniya Gandhi Nagar: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Rds Nagar Phase I & II

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value would be Rs 1,50,000. The stamp duty at 7% would amount to Rs 10,500, while the registration fee at 2% would be Rs 3,000, totaling Rs 13,500. 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 detailed calculations.

Which Sub Registrar Office covers Rds Nagar Phase I & II?

The Sub Registrar Office that covers Rds Nagar Phase I & II is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Merattur, as it determines the stamp duty and registration fees applicable during the transaction. This value is set by the Registration Department and is updated periodically based on various factors.

When you register a property, the guideline value is considered to ensure that the transaction reflects the current market conditions. It is essential for buyers and sellers to be aware of these values to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value for Rds Nagar Phase I & II?

The current guideline value for Rds Nagar Phase I & II is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 100 per sq.ft in 2017 to Rs 150 per sq.ft in both 2023 and 2024, marking a 50% increase overall from 2017 to 2024.

Which office handles registrations for Rds Nagar Phase I & II?

The Ponneri Sub Registrar Office handles registrations for Rds Nagar Phase I & II, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 1,50,000, the stamp duty would be Rs 10,500 and the registration fee would be Rs 3,000, totaling Rs 13,500.

Are there other streets in Merattur with the same guideline value?

Yes, several other streets in Merattur also have a guideline value of Rs 150 per sq.ft, including Saraswathy Avenue, Pasumai Nagar, Sri Jayam Nagar, and Sri Subramaniya Gandhi Nagar.