Guideline Value for RRK - VR GARDENS

Rrk - Vr Gardens guideline value

The current guideline value for Rrk - Vr Gardens is Rs 3,300 per sq.ft, effective from 1 July 2024. This property is located in Puthur village, under the Tambaram Joint 1 SRO, and is classified as Mixed Type - II.

How the guideline value of Rrk - Vr Gardens has changed

The guideline value register for Rrk - Vr Gardens has not recorded any figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision, effective from 1 July 2024, sets the guideline value at Rs 3,300 per sq.ft.

As there have been no changes between the revisions above, the current figure remains consistent with the 2024 revision, which is the first recorded value for this street.

Guideline values in Puthur

Puthur has 63 streets under the Tambaram Joint 1 SRO that carry a guideline value for 2024, ranging from Rs 330 to Rs 4,600 per sq.ft. The median guideline value in this village is Rs 1,100 per sq.ft, placing Rrk - Vr Gardens above this median.

• Sai Vignesh Avenue: Rs 3,300 per sq.ft (2024)
• Sdb's Mahalakshmi Nagar: Rs 3,300 per sq.ft (2024)
• Seeba Nagar: Rs 1,100 per sq.ft (2024)
• Prem Nagar: Rs 550 per sq.ft (2024)
• Perumalpuram Phase-IV: Rs 1,320 per sq.ft (2024)
• Perumalpuram Phase-III: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Rrk - Vr Gardens

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Rrk - Vr Gardens?

The Rrk - Vr Gardens falls under the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial reference point when registering property transactions in Puthur. It helps determine the stamp duty and registration fees that buyers and sellers must pay during the property registration process.

When a property is sold, the guideline value is compared to the sale price. The higher of the two figures is used to calculate the applicable stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Rrk - Vr Gardens?

The current guideline value for Rrk - Vr Gardens is Rs 3,300 per sq.ft, effective from 1 July 2024.

What land classification does Rrk - Vr Gardens fall under?

Rrk - Vr Gardens is classified as Mixed Type - II, which indicates the type of land use permitted in the area.

How often does the guideline value get revised?

The guideline value is subject to revision, with the most recent update occurring on 1 July 2024. Previous revisions have been recorded in 2002, 2003, 2007, 2012, 2017, and 2023, but no figures were available for those years for this street.

What are the stamp duty rates for properties in Rrk - Vr Gardens?

The stamp duty for properties in Rrk - Vr Gardens is charged at a rate of 7% on the guideline value or the sale price, whichever is higher. The registration fee is charged at a rate of 2%.

Where can I find the Sub Registrar Office for Rrk - Vr Gardens?

The Sub Registrar Office covering Rrk - Vr Gardens is the Tambaram Joint 1 SRO, located at No.26, Mes Road, East Tambaram, Chennai-600059. You can find more information through the provided link.