Guideline Value for RPG METRO CITY

Rpg Metro City guideline value

The current guideline value of Rpg Metro City in Pukkathurai village is Rs 401 per sq.ft, effective from 1 July 2024. This property falls under the Madurandakam SRO and is classified as Mixed Type - I land.

How the guideline value of Rpg Metro City has changed

The guideline value for Rpg Metro City has undergone several revisions over the years. Starting from Rs 40 per sq.ft in 2007, it saw a significant increase to Rs 400 per sq.ft in 2012. However, this value decreased to Rs 268 per sq.ft in 2017. The subsequent revisions show a rise to Rs 400 per sq.ft in 2023 and a slight increase to Rs 401 per sq.ft in 2024, reflecting a change of 0% from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 903%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Pukkathurai

Pukkathurai village has eight streets under the Madurandakam SRO that carry a 2024 guideline value, ranging from Rs 301 to Rs 750 per sq.ft. The median value is Rs 401 per sq.ft, which is equal to the current guideline value of Rpg Metro City.

• Rpg Global City: Rs 301 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 Metro City

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 4,01,000. The stamp duty at 7% would be Rs 28,070, and the registration fee at 2% would be Rs 8,020, bringing the total fees to Rs 36,090. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rpg Metro City?

The Sub Registrar Office that covers Rpg Metro 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 is a crucial factor in property transactions in Pukkathurai. It serves as the base for calculating stamp duty and registration fees during the sale or purchase of property. Buyers and sellers should be aware of the current guideline value to ensure accurate financial planning.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This process ensures that the government receives the correct amount in taxes based on the property's value.

Frequently asked questions

What is the current guideline value of Rpg Metro City?

The current guideline value of Rpg Metro City is Rs 401 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 40 per sq.ft in 2007 to Rs 401 per sq.ft in 2024, reflecting an overall increase of 903% over the years.

What are the other streets in Pukkathurai with guideline values?

Other streets in Pukkathurai include Rpg Global City at Rs 301 per sq.ft, S.V.T.Nagar at Rs 401 per sq.ft, Teachers Lalith Nagar at Rs 401 per sq.ft, Kurinji Nagar at Rs 301 per sq.ft, Anbu Priyal Nagar at Rs 401 per sq.ft, and Sameera Meridian Phase-I at Rs 500 per sq.ft.

What is the stamp duty rate for properties in Rpg Metro City?

The stamp duty rate for properties in Rpg Metro City is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Rpg Metro City?

The Sub Registrar Office for Rpg Metro City is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.