Guideline Value for RPG Global City

RPG Global City guideline value

The current guideline value of RPG Global City is Rs 250 per sq.ft, effective from 1 July 2024. This property is located in Kolathur village, under the Sriperumpudur SRO, and falls under the Residential Class I Type - I land classification.

How the guideline value of RPG Global City has changed

Over the years, the guideline value of RPG Global City has seen several revisions. The 2012 revision set the value at Rs 250 per sq.ft, which remained unchanged until the 2024 revision. In 2017, the value decreased to Rs 167 per sq.ft, marking a significant drop of 33%. However, from 2017 to 2023, the value increased by 50%, bringing it back to Rs 250 per sq.ft. The 2023 revision also maintained this value, resulting in no change to the current figure for the 2024 revision.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained at Rs 250 per sq.ft.

Guideline values in Kolathur

In Kolathur, there are 45 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 1,300 per sq.ft. The median guideline value for these streets is Rs 250 per sq.ft, which is equal to the current value for RPG Global City.

• Royal Paradise: Rs 250 per sq.ft (2024)
• Rangaswamy Koil Street: Rs 150 per sq.ft (2024)
• Rajiv Gandhi Street: Rs 200 per sq.ft (2024)
• Sasthapuri: Rs 200 per sq.ft (2024)
• Sathyam Nagar: Rs 200 per sq.ft (2024)
• Seelam Nagar: Rs 200 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 rate of Rs 250 per sq.ft, the 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 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 details.

Which Sub Registrar Office covers RPG Global City?

The Sub Registrar Office that covers RPG Global City is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Kolathur. It determines the minimum price at which a property can be registered. Buyers and sellers must consider this value when negotiating the sale price, as it influences the stamp duty and registration fees applicable during the transaction.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions, based on the established guideline values in the area.

Frequently asked questions

What is the current guideline value of RPG Global City?

The current guideline value of RPG Global City is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen revisions in 2012, 2017, 2023, and 2024. It was Rs 250 per sq.ft in 2012, decreased to Rs 167 per sq.ft in 2017, and then increased back to Rs 250 per sq.ft in 2023 and 2024.

What are the guideline values for other streets in Kolathur?

Other streets in Kolathur have varying guideline values. For example, Royal Paradise is also at Rs 250 per sq.ft, while Rangaswamy Koil Street is at Rs 150 per sq.ft.

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

For a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500 and the registration fee would be Rs 5,000, totaling Rs 22,500.

Which office handles registrations for RPG Global City?

The Sriperumpudur Sub Registrar Office handles registrations for RPG Global City, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.