Guideline Value for RPM AVENUE

Rpm Avenue guideline value

The current guideline value of Rpm Avenue in Melakondaiyar village, under the Tiruvallur Joint 1 SRO, is Rs 800 per sq.ft. The land classification for this area is Residential Special Type - V.

How the guideline value of Rpm Avenue has changed

According to the guideline value register, the revisions for Rpm Avenue are limited. The most recent revision in 2023 set the guideline value at Rs 800 per sq.ft. There are no figures available for the years 2024, 2017, 2012, 2007, 2003, and 2002 for this street.

Since the 2023 revision, there have been no changes in the guideline value for Rpm Avenue. The register reflects a consistent figure of Rs 800 per sq.ft for the current year.

Guideline values in Melakondaiyar

Currently, there are no specific village figures available for Melakondaiyar. Rpm Avenue is classified under the Residential Special Type - V category. There are no other streets in Melakondaiyar listed under the Tiruvallur Joint 1 SRO.

Stamp duty and registration fee for property in Rpm Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total cost for these fees to Rs 72,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Rpm Avenue?

The Sub Registrar Office that covers Rpm Avenue is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Melakondaiyar. It is used to determine the stamp duty and registration fees that must be paid during the registration process. Buyers must be aware that the guideline value is often used as a benchmark for calculating these costs.

When selling a property, the guideline value ensures that the transaction is recorded at a fair value, which helps maintain transparency in the real estate market. This value is essential for both buyers and sellers to understand their financial obligations during the property transfer process.

Frequently asked questions

What is the current guideline value of Rpm Avenue?

The current guideline value of Rpm Avenue is Rs 800 per sq.ft, as per the 2023 revision.

What land classification does Rpm Avenue fall under?

Rpm Avenue is classified as Residential Special Type - V according to the guideline value register.

Has the guideline value changed in recent years?

There have been no changes in the guideline value for Rpm Avenue since the 2023 revision, which remains at Rs 800 per sq.ft.

Where is the Sub Registrar Office for Rpm Avenue located?

The Tiruvallur Joint 1 Sub Registrar Office is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.

How is stamp duty calculated for properties in Rpm Avenue?

Stamp duty for properties in Rpm Avenue is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a total stamp duty and registration fee of Rs 72,000.