Guideline Value for RMP NAGAR

Rmp Nagar guideline value

The current guideline value of Rmp Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This locality is situated in Maiyur village under the Chengleput Joint II SRO, and it falls under the Residential Class I Type - III land classification.

How the guideline value of Rmp Nagar has changed

In the 2023 revision, the guideline value for Rmp Nagar was Rs 200 per sq.ft, which remained unchanged in the 2024 revision. There are no figures available for the revisions from the years 2017, 2012, 2007, 2003, and 2002 for this street.

Thus, the guideline value has seen no increase from 2023 to 2024, reflecting a consistent valuation over these two years.

Guideline values in Maiyur

In Maiyur, there are 28 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 700 per sq.ft, with a median value of Rs 400 per sq.ft. Rmp Nagar's 2024 figure is below this median.

• Rubi Garden: Rs 350 per sq.ft (2024)
• Ruby Garden Phase -I: Rs 401 per sq.ft (2024)
• Ruby Garden Phase -II: Rs 401 per sq.ft (2024)
• Rajendran Nagar: Rs 400 per sq.ft (2024)
• Saroja Nagar: Rs 400 per sq.ft (2024)
• Punal Residency: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Rmp 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 fees together 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 more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rmp Nagar?

Rmp Nagar falls under the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during property transactions in Maiyur, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees that must be paid to the government.

It is essential for buyers and sellers to be aware of the current guideline values, as these figures can influence the overall cost of the transaction. Proper understanding of the guideline value helps in ensuring compliance with legal requirements during property registration.

Frequently asked questions

What is the current guideline value of Rmp Nagar?

The current guideline value of Rmp 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 Rmp Nagar has remained at Rs 200 per sq.ft for both the 2023 and 2024 revisions, with no figures available for the revisions from 2017, 2012, 2007, 2003, and 2002.

What is the land classification for Rmp Nagar?

Rmp Nagar is classified under Residential Class I Type - III land classification.

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

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 and the registration fee would be Rs 4,000, totaling Rs 18,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Rmp Nagar located?

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