Guideline Value for RPG METRO CITY

Rpg Metro City guideline value

The current guideline value of Rpg Metro City is Rs 150 per sq.ft, effective from 1 July 2024. This property is located in Athiyur village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Rpg Metro City has changed

The guideline value for Rpg Metro City has undergone several revisions over the years. The 2012 revision set the value at Rs 150 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 100 per sq.ft. This was a decrease of 33%. However, in the 2017 revision, the value increased by 50% to Rs 150 per sq.ft, and this figure remained consistent through the 2023 revision.

As of the 2024 revision, the guideline value is still Rs 150 per sq.ft, indicating no change from the previous year. The revisions for the years 2002, 2003, and 2007 have no figures listed in the register for this street.

Guideline values in Athiyur

Currently, the guideline value for Rpg Metro City is consistent with other streets in Athiyur. The only other street under the Chengleput Joint II SRO with a specified guideline value is:

• Ganesh Farm House Extension: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Rpg Metro City

For a 1,000 sq.ft plot at the current rate of Rs 150 per sq.ft, the guideline value would amount to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, totaling Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rpg Metro City?

The Chengleput Joint II Sub Registrar Office covers Rpg Metro City. The office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Athiyur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property.

When a property is registered, the guideline value is compared to the sale price, and the higher value is used to calculate the applicable duties and fees. This ensures that the registration reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Rpg Metro City?

The current guideline value of Rpg Metro City is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 150 per sq.ft since 2023, but it was Rs 100 per sq.ft in 2017. The 2012 revision also set it at Rs 150 per sq.ft, showing a fluctuation over the years.

What is the registration fee for property in Rpg Metro City?

The registration fee is calculated at 2% of the guideline value. For a property valued at Rs 1,50,000, the registration fee would be Rs 3,000.

Where is the Chengleput Joint II Sub Registrar Office located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Athiyur?

Stamp duty is charged at 7% of the higher value between the guideline value and the sale price. For example, if the guideline value is Rs 1,50,000, the stamp duty would be Rs 10,500.