Guideline Value for RISHI HILL VIEW CO-OP NAGAR PHASE-III

Rishi Hill View Co-Op Nagar Phase-III guideline value

The current guideline value for Rishi Hill View Co-Op Nagar Phase-III is Rs 800 per sq.ft, effective from 1 July 2024. This area is located in Allappakkam village and falls under the Chengleput Joint I SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Rishi Hill View Co-Op Nagar Phase-III has changed

The guideline value for Rishi Hill View Co-Op Nagar Phase-III has seen several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which remained unchanged until the 2023 revision, where it was again Rs 800 per sq.ft. The 2017 revision marked a significant increase to Rs 536 per sq.ft, reflecting a change of -33% from the previous value. Overall, from 2012 to 2024, the guideline value has not changed, remaining at Rs 800 per sq.ft.

From 2017 to 2023, there was an increase of 49%, but the value did not change between 2023 and 2024. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street in the register.

Guideline values in Allappakkam

In Allappakkam, there are 51 streets under the Chengleput Joint I SRO that carry a 2024 guideline value, ranging from Rs 600 to Rs 2,000 per sq.ft, with a median value of Rs 1,102 per sq.ft. The guideline value for Rishi Hill View Co-Op Nagar Phase-III is below this median.

• Rishi Hill View Co-Op Nagar Phase-II: Rs 800 per sq.ft (2024)
• Rishi Hill View Co-Op Nagar Phase-I: Rs 800 per sq.ft (2024)
• Rish Hill View co-Operative Nagar: Rs 800 per sq.ft (2024)
• Roja Garden: Rs 1,102 per sq.ft (2024)
• Rangaswamy Nagar: Rs 1,200 per sq.ft (2024)
• Sai Kiruba Nagar: Rs 1,102 per sq.ft (2024)

Stamp duty and registration fee for property in Rishi Hill View Co-Op Nagar Phase-III

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, totaling Rs 72,000. 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 details.

Which Sub Registrar Office covers Rishi Hill View Co-Op Nagar Phase-III?

The Sub Registrar Office that covers Rishi Hill View Co-Op Nagar Phase-III is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the property registration process in Allappakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the buyer must pay stamp duty based on the higher of the guideline value or the sale price. This ensures that the tax is calculated fairly and in accordance with the established values in the area.

Frequently asked questions

What is the current guideline value for Rishi Hill View Co-Op Nagar Phase-III?

The current guideline value for Rishi Hill View Co-Op Nagar Phase-III is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 800 per sq.ft from 2012 through 2024, with a notable increase of 49% from 2017 to 2023.

What is the land classification for Rishi Hill View Co-Op Nagar Phase-III?

The land classification for Rishi Hill View Co-Op Nagar Phase-III is Residential Class I Type - I.

Where is the Chengleput Joint I Sub Registrar Office located?

The Chengleput Joint I Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.

How is stamp duty calculated for properties in Allappakkam?

Stamp duty for properties in Allappakkam is calculated based on the higher of the guideline value or the sale price. For example, for a plot valued at Rs 8,00,000, the stamp duty would be Rs 56,000 at a rate of 7%.