Guideline Value for REHAPOTH NAGAR

Rehapoth Nagar guideline value

The current guideline value of Rehapoth Nagar is Rs 900 per sq.ft, effective from 1 July 2024. This area is located in Chettipunniyam village under the Chengleput Joint II SRO, classified as Residential Class I Type - I.

How the guideline value of Rehapoth Nagar has changed

Over the years, the guideline value of Rehapoth Nagar has seen several revisions. The 2012 revision set the value at Rs 900 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 900 per sq.ft. The 2017 revision marked a significant increase to Rs 603 per sq.ft, reflecting a 49% rise from the previous revision. Notably, the register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%, but from 2012 to 2024, the overall change is 0%, indicating stability in the value since 2012. The latest revision in 2024 maintains the value at Rs 900 per sq.ft, showing no change from the previous year.

Guideline values in Chettipunniyam

In Chettipunniyam, there are 47 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 700 to Rs 4,750 per sq.ft. The median guideline value for these streets is Rs 900 per sq.ft, placing Rehapoth Nagar's value at the median level.

• Royal Enclave: Rs 700 per sq.ft (2024)
• Royal Town: Rs 1,800 per sq.ft (2024)
• Rajendra Nagar: Rs 900 per sq.ft (2024)
• Sehaj Nagar: Rs 700 per sq.ft (2024)
• Selvaganapthi Nagar: Rs 700 per sq.ft (2024)
• Senthi Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Rehapoth Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 900 per sq.ft, the total guideline value amounts to Rs 9,00,000. The stamp duty at 7% would be Rs 63,000, and the registration fee at 2% would be Rs 18,000, bringing the total cost for these fees to Rs 81,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Rehapoth Nagar?

The Sub Registrar Office that covers Rehapoth Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, within the Chengalpattu registration zone. You can find your SRO for additional details.

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

The guideline value plays a crucial role during the registration of property transactions in Chettipunniyam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the stated sale price or the guideline value, whichever is higher, is used to calculate the applicable duties. This ensures that the transaction is in accordance with the regulatory framework set by the Registration Department.

Frequently asked questions

What is the current guideline value of Rehapoth Nagar?

The current guideline value of Rehapoth Nagar is Rs 900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 900 per sq.ft since 2012, with a significant increase of 49% from Rs 603 per sq.ft in 2017 to 2023, but no change from 2023 to 2024.

What are the guideline values of other streets in Chettipunniyam?

Other streets in Chettipunniyam have varied guideline values, ranging from Rs 700 to Rs 1,800 per sq.ft. The median value for these streets is Rs 900 per sq.ft.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher, and the registration fee is 2% of the same amount. For example, a 1,000 sq.ft plot at Rs 900 per sq.ft incurs a total fee of Rs 81,000.

Where can I find the Chengleput Joint II SRO?

The Chengleput Joint II SRO is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information about SROs through the provided link.