Guideline Value for RPG SRIMAN CITY

Rpg Sriman City guideline value

The current guideline value of Rpg Sriman City is Rs 100 per sq.ft, effective from the 2024 revision. This property is located in Vichoor village, under the Salavakkam SRO, and is classified as Residential Class I Type - I.

How the guideline value of Rpg Sriman City has changed

The guideline value for Rpg Sriman City has undergone several revisions over the years. The 2012 revision set the value at Rs 100 per sq.ft, which remained unchanged until the 2024 revision. The 2017 revision saw a decrease to Rs 67 per sq.ft, followed by a significant increase to Rs 100 per sq.ft in the 2023 revision. The current 2024 revision again maintains this value at Rs 100 per sq.ft, showing no change from the previous year.

Looking back further, the 2017 revision marked a 49% increase from the 2012 value. However, between the 2012 and 2017 revisions, there was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 100 per sq.ft.

Guideline values in Vichoor

In Vichoor, there are four streets under the Salavakkam SRO with a 2024 guideline value ranging from Rs 100 to Rs 200 per sq.ft. The median value among these streets is Rs 100 per sq.ft, which is also the 2024 figure for Rpg Sriman City.

• Pallar Greens: Rs 200 per sq.ft (2024)
• Kannan Nagar Phase-1: Rs 100 per sq.ft (2024)
• Kannan Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Rpg Sriman City

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, totaling Rs 9,000. 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 further calculations.

Which Sub Registrar Office covers Rpg Sriman City?

The Sub Registrar Office that covers Rpg Sriman 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 information.

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

The guideline value is a crucial factor when buying or selling property in Vichoor. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented accurately for legal purposes.

When registering a property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Rpg Sriman City?

The current guideline value of Rpg Sriman City is Rs 100 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has seen several changes, with the most recent revision in 2024 maintaining the value at Rs 100 per sq.ft, the same as in 2023. The value was Rs 67 per sq.ft in 2017 and Rs 100 per sq.ft in 2012.

What are the guideline values of other streets in Vichoor?

In Vichoor, the guideline values for other streets range from Rs 100 to Rs 200 per sq.ft. For example, Pallar Greens is valued at Rs 200 per sq.ft, while Kannan Nagar and Kannan Nagar Phase-1 are both valued at Rs 100 per sq.ft.

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

For a property valued at Rs 1,00,000, the stamp duty would be Rs 7,000 and the registration fee would be Rs 2,000, totaling Rs 9,000. These fees are based on the guideline value or sale price, whichever is higher.

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

The Sub Registrar Office for Rpg Sriman City is located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone. This office handles the registration of properties in the area.