Guideline Value for RPG GLOBAL CITY

Rpg Global City guideline value

The current guideline value of Rpg Global City is Rs 301 per sq.ft, effective from 1 July 2024. This property is located in Pukkathurai village, under the Madurandakam SRO, and is classified as Residential Special Type - I.

How the guideline value of Rpg Global City has changed

The guideline value for Rpg Global City has seen several revisions over the years. In 2007, the value was Rs 180 per sq.ft, which increased to Rs 300 per sq.ft in 2012, marking a significant rise of 67%. However, it then decreased to Rs 201 per sq.ft in 2017, a drop of 33%. The value further increased to Rs 300 per sq.ft in 2023, and finally to Rs 301 per sq.ft in 2024, showing no change from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 67%.

Guideline values in Pukkathurai

In Pukkathurai, there are 8 streets under the Madurandakam SRO that have a 2024 guideline value ranging from Rs 301 to Rs 750 per sq.ft, with a median value of Rs 401 per sq.ft. The guideline value for Rpg Global City is below this median.

• Rpg Metro City: Rs 401 per sq.ft (2024)
• S.V.T.Nagar: Rs 401 per sq.ft (2024)
• Teachers Lalith Nagar: Rs 401 per sq.ft (2024)
• Kurinji Nagar: Rs 301 per sq.ft (2024)
• Anbu Priyal Nagar: Rs 401 per sq.ft (2024)
• Sameera Meridian Phase-I: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Rpg Global City

For a 1,000 sq.ft plot at the current guideline value of Rs 301 per sq.ft, the total guideline value amounts to Rs 3,01,000. The stamp duty at 7% would be Rs 21,070, and the registration fee at 2% would be Rs 6,020, bringing the total fees together to Rs 27,090. It is important to note that 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 Rpg Global City?

The Sub Registrar Office that covers Rpg Global City 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 Pukkathurai

The guideline value plays a crucial role during the registration of property transactions in Pukkathurai. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Rpg Global City?

The current guideline value of Rpg Global City is Rs 301 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 180 per sq.ft in 2007 to Rs 301 per sq.ft in 2024, representing an overall increase of 67% over this period.

What are the other streets in Pukkathurai with their guideline values?

Other streets in Pukkathurai include Rpg Metro City, S.V.T.Nagar, Teachers Lalith Nagar, Kurinji Nagar, Anbu Priyal Nagar, and Sameera Meridian Phase-I, with guideline values ranging from Rs 301 to Rs 500 per sq.ft.

What are the stamp duty and registration fees for property in Rpg Global City?

For a 1,000 sq.ft plot, the total guideline value is Rs 3,01,000. The stamp duty at 7% is Rs 21,070, and the registration fee at 2% is Rs 6,020, totaling Rs 27,090.

Which office handles registrations for Rpg Global City?

The Madurandakam Sub Registrar Office handles registrations for Rpg Global City, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.