Guideline Value for RPG METRO CITY

Rpg Metro City guideline value

The current guideline value of Rpg Metro City is Rs 104 per sq.ft, effective from 1 July 2024. This property is located in Edamboothur village, under the Salavakkam SRO, and is classified as Residential Special Type - III.

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 earliest recorded revision is from 2012, where the guideline value was set at Rs 80 per sq.ft. This was followed by a decrease to Rs 54 per sq.ft in 2017. However, from 2017 to 2023, the value increased significantly to Rs 100 per sq.ft, marking an 85% rise. The most recent revision in 2024 saw a further increase to Rs 104 per sq.ft, which is a 4% increase from the previous year.

It is important to note that 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 increased by 30%.

Guideline values in Edamboothur

Rpg Metro City is part of Edamboothur, where other streets also have their own guideline values. The following are the guideline values for other streets in Edamboothur:

• Omsakthi Nagar: Rs 160 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 guideline value of Rs 104 per sq.ft, the total guideline value would be Rs 1,04,000. The stamp duty, charged at 7%, would amount to Rs 7,280, while the registration fee at 2% would be Rs 2,080. Together, the total fees would be Rs 9,360. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rpg Metro City?

The Sub Registrar Office that covers Rpg Metro City is the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Edamboothur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the official valuation rather than the sale price alone.

When registering a property, it is essential to be aware of the guideline value, as it directly affects the overall cost of the transaction. Buyers and sellers should ensure they are informed about the current guideline value to avoid any unexpected expenses during the registration process.

Frequently asked questions

What is the current guideline value of Rpg Metro City?

The current guideline value of Rpg Metro City is Rs 104 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 80 per sq.ft in 2012 to Rs 54 per sq.ft in 2017, then to Rs 100 per sq.ft in 2023, and finally to Rs 104 per sq.ft in 2024.

What is the land classification of Rpg Metro City?

Rpg Metro City is classified as Residential Special Type - III.

Where is the Sub Registrar Office for Rpg Metro City located?

The Salavakkam Sub Registrar Office is located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone.

How are stamp duty and registration fees calculated for property in Rpg Metro City?

Stamp duty is charged at 7% of the guideline value, while the registration fee is charged at 2%. For example, for a 1,000 sq.ft plot at Rs 104 per sq.ft, the total fees would amount to Rs 9,360.