Guideline Value for RSR Nagar

RSR Nagar guideline value

The current guideline value for RSR Nagar in Perungalathur village, under the Padappai SRO, is Rs 2,310 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - I land classification.

How the guideline value of RSR Nagar has changed

The guideline value for RSR Nagar has undergone several revisions over the years. In 2012, the value was set at Rs 2,100 per sq.ft, which then decreased to Rs 1,407 per sq.ft in 2017. Following this, the value increased significantly to Rs 2,100 per sq.ft in 2023, and finally, it rose to the current value of Rs 2,310 per sq.ft in 2024.

From 2017 to 2023, there was a notable increase of 49%. The revision from 2023 to 2024 saw a 10% increase. Overall, when considering the period from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO, with guideline values ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median guideline value is Rs 2,310 per sq.ft, which is the same as the current value for RSR Nagar.

• Ruby Builders: Rs 2,640 per sq.ft (2024)
• Ruby's Shoba Castle: Rs 3,740 per sq.ft (2024)
• Rukmani Street: Rs 1,980 per sq.ft (2024)
• Royal Avenue: Rs 1,980 per sq.ft (2024)
• Rooby Flats: Rs 2,640 per sq.ft (2024)
• Sadagopan Nagar: Rs 2,310 per sq.ft (2024)

Stamp duty and registration fee for property in RSR Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,310 per sq.ft, the total guideline value would be Rs 23,10,000. The stamp duty at 7% would amount to Rs 1,61,700, and the registration fee at 2% would be Rs 46,200, bringing the total fees to Rs 2,07,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers RSR Nagar?

The Sub Registrar Office that covers RSR Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the property registration process in Perungalathur. It is used to determine the stamp duty and registration fees payable when a property is bought or sold, ensuring that these fees are based on an official valuation rather than the sale price alone.

When selling or buying property, it is essential to be aware of the current guideline value, as it directly impacts the financial obligations associated with the transaction. This ensures transparency and adherence to legal requirements during property transfers.

Frequently asked questions

What is the current guideline value of RSR Nagar?

The current guideline value of RSR Nagar is Rs 2,310 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,100 per sq.ft in 2012 to Rs 1,407 per sq.ft in 2017, then to Rs 2,100 per sq.ft in 2023, and finally to Rs 2,310 per sq.ft in 2024.

What is the land classification of RSR Nagar?

RSR Nagar falls under the Residential Class II Type - I land classification.

Where is the Padappai Sub Registrar Office located?

The Padappai Sub Registrar Office is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is the stamp duty calculated for properties in RSR Nagar?

Stamp duty 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 rate has a guideline value of Rs 23,10,000, resulting in a stamp duty of Rs 1,61,700.