Guideline Value for RR PLATINUM CITY

Rr Platinum City guideline value

The current guideline value of Rr Platinum City is Rs 1,200 per sq.ft, effective from 1 July 2024. This property is located in Asthinapuram village under the Thiruporur SRO, classified as Residential Special Type - III.

How the guideline value of Rr Platinum City has changed

The guideline value for Rr Platinum City has undergone several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 804 per sq.ft. Following this, the 2023 revision brought the value back to Rs 1,200 per sq.ft, and the 2024 revision has maintained this figure, showing no change from the previous year.

From 2017 to 2023, there was a significant increase of 49%. However, from 2012 to 2017, the guideline value decreased by 33%. Overall, from 2012 to 2024, the guideline value has remained stable, with no change recorded.

Guideline values in Asthinapuram

In Asthinapuram, there are 32 streets under the Thiruporur SRO that have a 2024 guideline value ranging from Rs 600 to Rs 3,300 per sq.ft. The median value for these streets is Rs 1,614 per sq.ft, placing Rr Platinum City’s 2024 figure below that median.

• R.M. Nagar Phase I: Rs 600 per sq.ft (2024)
• Serasa Land Mark Phase I: Rs 2,687 per sq.ft (2024)
• Serasa Land Mark Phase II: Rs 2,687 per sq.ft (2024)
• Sm Kbs Uptown: Rs 1,614 per sq.ft (2024)
• Sri Sks Sai Nagar: Rs 2,000 per sq.ft (2024)
• Srs Avenue: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Rr Platinum City

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total to Rs 1,08,000. It is important to note that 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 more detailed calculations.

Which Sub Registrar Office covers Rr Platinum City?

The Sub Registrar Office that covers Rr Platinum City is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Asthinapuram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that both buyers and sellers adhere to the legal requirements set by the government.

When buying or selling property, the guideline value influences the amount of stamp duty and registration fees payable. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the transaction is recorded accurately and transparently.

Frequently asked questions

What is the current guideline value of Rr Platinum City?

The current guideline value of Rr Platinum City is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, with the most recent changes being from Rs 804 per sq.ft in 2017 to Rs 1,200 per sq.ft in 2023 and 2024, showing a 49% increase from 2017 to 2023.

What are the guideline values of other streets in Asthinapuram?

The guideline values of other streets in Asthinapuram range from Rs 600 to Rs 3,300 per sq.ft. The median value for these streets is Rs 1,614 per sq.ft.

What is the stamp duty rate for property in Rr Platinum City?

The stamp duty rate for property transactions in Rr Platinum City is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Rr Platinum City located?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.