Guideline Value for RP NAGAR

Rp Nagar guideline value

The current guideline value of Rp Nagar is Rs 250 per sq.ft, effective from 1 July 2024. This area is part of Kizhnallathur & Melnallathur village, under the Manavalanagar SRO, classified as Residential Class I Type - II.

How the guideline value of Rp Nagar has changed

Looking back at the revisions, the guideline value for Rp Nagar was Rs 250 per sq.ft in both the 2023 and 2024 revisions. The 2017 revision recorded a value of Rs 167 per sq.ft, which indicates a 50% increase from 2017 to 2023. Prior to that, in the 2012 revision, the value was Rs 250 per sq.ft, marking a decrease of 33% from 2012 to 2017.

Overall, from the 2012 revision to the 2024 revision, the guideline value remains unchanged at Rs 250 per sq.ft. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kizhnallathur & Melnallathur

In Kizhnallathur & Melnallathur, there are 67 streets under the Manavalanagar SRO that carry a 2024 guideline value ranging from Rs 175 to Rs 1,201 per sq.ft. The median value is Rs 250 per sq.ft, which is equal to the guideline value of Rp Nagar.

• Sai Nagar: Rs 300 per sq.ft (2024)
• Sai Santhosh Nagar: Rs 226 per sq.ft (2024)
• Sai Sundaram Nagar: Rs 226 per sq.ft (2024)
• Sakthi Garden: Rs 1,201 per sq.ft (2024)
• Sankarachariyar Nagar: Rs 350 per sq.ft (2024)
• Shanmugam Nagar: Rs 226 per sq.ft (2024)

Stamp duty and registration fee for property in Rp Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total fees to Rs 22,500. 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 detailed calculations.

Which Sub Registrar Office covers Rp Nagar?

Rp Nagar falls under the jurisdiction of the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kizhnallathur & Melnallathur

The guideline value is an important factor in the registration process when buying or selling property in Kizhnallathur & Melnallathur. It serves as a benchmark for determining the minimum value at which property can be registered, ensuring transparency and standardization in property transactions.

When you register a property, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial implications of their transactions, based on the established guideline values.

Frequently asked questions

What is the current guideline value of Rp Nagar?

The current guideline value of Rp Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Rp Nagar has seen various changes, with the value remaining at Rs 250 per sq.ft in both 2023 and 2024, while it was Rs 167 per sq.ft in 2017. The 2012 revision also recorded Rs 250 per sq.ft.

What are the other streets in Kizhnallathur & Melnallathur?

Other streets in Kizhnallathur & Melnallathur include Sai Nagar, Sai Santhosh Nagar, Sai Sundaram Nagar, Sakthi Garden, Sankarachariyar Nagar, and Shanmugam Nagar, each with their respective guideline values for 2024.

What is the stamp duty rate in Rp Nagar?

The stamp duty rate in Rp Nagar is 7%, which is applied to the higher of the guideline value or the sale price during property registration.

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

The Sub Registrar Office covering Rp Nagar is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.