Guideline Value for RMBX NAGAR

Rmbx Nagar guideline value

The current guideline value of Rmbx Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This locality is situated in Pazhayanoor village, under the Madurandakam SRO, and is classified as Residential Special Type - I.

How the guideline value of Rmbx Nagar has changed

The guideline value for Rmbx Nagar has remained consistent over recent revisions. There are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2017. The 2023 revision recorded a guideline value of Rs 200 per sq.ft, which has not changed in the 2024 revision, indicating a 0% change from 2023 to 2024.

Thus, the guideline value has been Rs 200 per sq.ft for both the 2023 and 2024 revisions. The absence of figures for earlier revisions suggests stability in the guideline value for this street over the years.

Guideline values in Pazhayanoor

Pazhayanoor village has nine streets under the Madurandakam SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 800 per sq.ft. The median guideline value for these streets is Rs 300 per sq.ft, placing Rmbx Nagar's 2024 figure below that median.

• Mahalakshmi Nagar Phase -I: Rs 448 per sq.ft (2024)
• Mahalakshmi Nagar: Rs 250 per sq.ft (2024)
• Lakshmi Nagar: Rs 300 per sq.ft (2024)
• Jayam Seenu Garden: Rs 200 per sq.ft (2024)
• Iyeshwarya Nagar: Rs 100 per sq.ft (2024)
• Anand Nagar Phase II: Rs 448 per sq.ft (2024)

Stamp duty and registration fee for property in Rmbx Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total charges to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rmbx Nagar?

The Sub Registrar Office that covers Rmbx Nagar is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process of property transactions in Pazhayanoor. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for legal and taxation purposes. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Rmbx Nagar?

The current guideline value of Rmbx Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Rmbx Nagar has remained at Rs 200 per sq.ft since the 2023 revision, with no figures available for revisions prior to that.

What are the other streets in Pazhayanoor and their guideline values?

Other streets in Pazhayanoor have varying guideline values, with rates ranging from Rs 100 to Rs 800 per sq.ft. Rmbx Nagar's value is below the median of Rs 300 per sq.ft for the area.

What are the stamp duty and registration fees for properties in Rmbx Nagar?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 2,00,000, the total fees would amount to Rs 18,000.

Where can I find the Sub Registrar Office for Rmbx Nagar?

The Madurandakam Sub Registrar Office, which covers Rmbx Nagar, is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.