Guideline Value for RPD VILLAGE

Rpd Village guideline value

The current guideline value for Rpd Village is Rs 500 per sq.ft, effective from 1 July 2024. This village falls under the Walajabad Sub Registrar Office (SRO) and is classified as Residential Class I Type - I.

How the guideline value of Rpd Village has changed

The guideline value for Rpd Village has seen several revisions over the years. The most recent revision in 2024 maintains the guideline value at Rs 500 per sq.ft, which is the same as the 2023 revision. Prior to that, the 2017 revision set the value at Rs 335 per sq.ft, marking a 49% increase from 2017 to 2023 and an overall increase of 49% from 2017 to 2024. The register has no figures for the years 2002, 2003, 2007, and 2012.

In summary, from 2017 to 2024, the guideline value increased from Rs 335 per sq.ft to Rs 500 per sq.ft. The stability in the figures from 2023 to 2024 indicates no change in the guideline value during that period.

Guideline values in Vakkupattu A

In Vakkupattu A, there are 14 streets under the Walajabad SRO that carry a guideline value for 2024, ranging from Rs 400 to Rs 2,090 per sq.ft. The median guideline value is Rs 500 per sq.ft, placing Rpd Village's 2024 figure at this median level.

• Sai Baba Nagar: Rs 400 per sq.ft (2024)
• Pavendhar Bharathidasan Nagar: Rs 500 per sq.ft (2024)
• Sri Lakshmi Nagar: Rs 400 per sq.ft (2024)
• Sri Sairam Township: Rs 500 per sq.ft (2024)
• Tierra: Rs 2,090 per sq.ft (2024)
• Unnamed Layout: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Rpd Village

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total charges to Rs 45,000. Please 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 details.

Which Sub Registrar Office covers Rpd Village?

The Rpd Village is covered by the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Vakkupattu A. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these charges are calculated based on a standardized value.

When buying or selling property, the guideline value is used to ascertain the official value of the property, which is essential for legal documentation. It is important for buyers and sellers to be aware of the current guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Rpd Village?

The current guideline value for Rpd Village is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 335 per sq.ft in 2017 to Rs 500 per sq.ft in 2024, reflecting a 49% increase. The value remained stable at Rs 500 per sq.ft from 2023 to 2024.

What are the other streets in Vakkupattu A and their guideline values?

Other streets in Vakkupattu A include Sai Baba Nagar at Rs 400 per sq.ft, Pavendhar Bharathidasan Nagar and Sri Sairam Township at Rs 500 per sq.ft, and Tierra at Rs 2,090 per sq.ft, among others.

What are the stamp duty and registration fees for a property in Rpd Village?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 5,00,000, the total stamp duty and registration fees would amount to Rs 45,000.

Which Sub Registrar Office covers Rpd Village?

The Walajabad Sub Registrar Office covers Rpd Village, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.