Guideline Value for ROBINSON NAGAR

Robinson Nagar guideline value

The current guideline value of Robinson Nagar is Rs 1,300 per sq.ft, effective from 1 July 2024. This area is located in Korattur village under the Villivakkam SRO, classified as Residential Class IV Type - I.

How the guideline value of Robinson Nagar has changed

The guideline value of Robinson Nagar has seen several revisions over the years. In 2002, the value was Rs 56 per sq.ft, which increased significantly to Rs 250 per sq.ft in 2007. Following this, the value surged to Rs 1,200 per sq.ft in 2012, but then dropped to Rs 804 per sq.ft in 2017. The value rose again to Rs 1,200 per sq.ft in 2023, and currently stands at Rs 1,300 per sq.ft as of 2024. Notably, there is no figure available for this street in the 2003 revision.

From 2017 to 2023, the guideline value increased by 49%. The jump from 2007 to 2012 was a remarkable 380%, while the value rose by 346% from 2002 to 2007. Overall, from 2002 to 2024, the guideline value has increased by 2221%.

Guideline values in Korattur

In Korattur, there are 617 streets under the Villivakkam SRO, with guideline values ranging from Rs 1,100 to Rs 8,200 per sq.ft. The median value for these streets is Rs 2,500 per sq.ft, placing Robinson Nagar's 2024 figure below this median.

• R.K.NAGAR (Near Santhosh Nagar): Rs 2,100 per sq.ft (2024)
• R.K.Nagar (Kallikuppam): Rs 1,600 per sq.ft (2024)
• R.K.Dhatchan Nagar: Rs 1,600 per sq.ft (2024)
• Ring Road: Rs 5,500 per sq.ft (2024)
• Reshma Garden: Rs 1,300 per sq.ft (2024)
• R.S.Avenue (Sivalingapuram): Rs 2,100 per sq.ft (2024)

Stamp duty and registration fee for property in Robinson Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Robinson Nagar?

The Sub Registrar Office that covers Robinson Nagar is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor in the registration process for property transactions in Korattur. It serves as the basis for calculating the stamp duty and registration fees that must be paid during the transfer of property ownership.

Frequently asked questions

What is the current guideline value of Robinson Nagar?

The current guideline value of Robinson Nagar is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 56 per sq.ft in 2002 to Rs 1,300 per sq.ft in 2024, marking an overall increase of 2221% over this period.

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

Other streets in Korattur include R.K.NAGAR (Near Santhosh Nagar) at Rs 2,100 per sq.ft, R.K.Nagar (Kallikuppam) at Rs 1,600 per sq.ft, and Ring Road at Rs 5,500 per sq.ft, among others.

What is the stamp duty rate for property in Robinson Nagar?

The stamp duty rate for property in Robinson Nagar is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Robinson Nagar located?

The Sub Registrar Office for Robinson Nagar is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.