Guideline Value for RIVER SIDE INFRASTRUCTURE PVT LTD.,

River Side Infrastructure Pvt Ltd., guideline value

The current guideline value for River Side Infrastructure Pvt Ltd., located in Karapakkam village, is Rs 3,300 per sq.ft, effective from 1 July 2024. This property falls under the Neelankarai SRO and is classified as Residential Class I Type - II.

How the guideline value of River Side Infrastructure Pvt Ltd., has changed

The guideline value for River Side Infrastructure Pvt Ltd., has seen several revisions over the years. The earliest recorded figure is from 2012, which was Rs 3,000 per sq.ft. This was followed by a decrease to Rs 2,010 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 3,000 per sq.ft. The most recent revision in 2024 set the guideline value at Rs 3,300 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Karapakkam

In Karapakkam, there are 185 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 10,700 per sq.ft. The median value for these streets is Rs 1,700 per sq.ft, placing River Side Infrastructure Pvt Ltd., above this median.

• River View Housing Co-Op Society: Rs 3,300 per sq.ft (2024)
• River View Residency: Rs 3,300 per sq.ft (2024)
• Saba Ganesh Garden: Rs 3,000 per sq.ft (2024)
• Rangathan Garden: Rs 1,100 per sq.ft (2024)
• Rangasamy Street: Rs 1,100 per sq.ft (2024)
• Rangasamy Cross Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in River Side Infrastructure Pvt Ltd.,

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty is charged at 7%, amounting to Rs 2,31,000, and the registration fee is charged at 2%, which totals Rs 66,000. Together, the total cost for stamp duty and registration fee would be Rs 2,97,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers River Side Infrastructure Pvt Ltd.,?

The Sub Registrar Office that covers River Side Infrastructure Pvt Ltd., is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Karapakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the sale or purchase of property. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value helps in calculating the necessary fees, which are based on the higher of the guideline value or the sale price. This ensures that all transactions are fairly evaluated and that the appropriate taxes are collected during the registration process.

Frequently asked questions

What is the current guideline value for River Side Infrastructure Pvt Ltd.,?

The current guideline value for River Side Infrastructure Pvt Ltd., is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024, marking a 10% increase. It was Rs 2,010 per sq.ft in 2017, showing a 49% increase from that year to 2023.

What are the other streets in Karapakkam with their guideline values?

Other streets in Karapakkam include River View Housing Co-Op Society and River View Residency, both at Rs 3,300 per sq.ft. Saba Ganesh Garden is at Rs 3,000 per sq.ft, while Rangathan Garden, Rangasamy Street, and Rangasamy Cross Street are at Rs 1,100 per sq.ft.

What is the stamp duty for a property in River Side Infrastructure Pvt Ltd.,?

The stamp duty for a property valued at Rs 33,00,000 would be Rs 2,31,000, which is 7% of the guideline value. Additionally, the registration fee would be Rs 66,000, which is 2% of the guideline value.

Where is the Sub Registrar Office for River Side Infrastructure Pvt Ltd., located?

The Sub Registrar Office for River Side Infrastructure Pvt Ltd., is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.