Guideline Value for RV NAGAR

Rv Nagar guideline value

The current guideline value of Rv Nagar, located in Meyur village under the Oothukkottai SRO, is Rs 100 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - I land classification.

How the guideline value of Rv Nagar has changed

The guideline value for Rv Nagar has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 100 per sq.ft, which is the same as the 2023 revision. Prior to that, the 2017 revision recorded a guideline value of Rs 54 per sq.ft. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 85%, and overall, from 2017 to 2024, it has also increased by 85%. The value remained stable from 2023 to 2024, showing no percentage change.

Guideline values in Meyur

In Meyur, there are 12 streets under the Oothukkottai SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 150 per sq.ft, with a median value of Rs 100 per sq.ft. Rv Nagar's 2024 figure aligns with this median.

• Sri Balaji Avenue: Rs 100 per sq.ft (2024)
• Sri Muthappa Nagar: Rs 150 per sq.ft (2024)
• Sri Sakthi Nagar: Rs 100 per sq.ft (2024)
• Meyur Madarn City: Rs 100 per sq.ft (2024)
• Vijayalakshmi Nagar: Rs 100 per sq.ft (2024)
• Vijayalakshmi Nagar -Ext: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Rv Nagar

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, making the total Rs 9,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rv Nagar?

The Sub Registrar Office that covers Rv Nagar is the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, 602026, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Meyur. It serves as a benchmark for determining the stamp duty and registration fees applicable to a property sale or purchase.

When you buy or sell property, the guideline value is considered to ensure that the transaction reflects the appropriate value for tax purposes. This helps in maintaining transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Rv Nagar?

The current guideline value of Rv Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 54 per sq.ft in 2017 to Rs 100 per sq.ft in 2024, marking an overall increase of 85%.

What are the other streets in Meyur with guideline values?

Other streets in Meyur include Sri Balaji Avenue, Sri Muthappa Nagar, Sri Sakthi Nagar, Meyur Madarn City, Vijayalakshmi Nagar, and Vijayalakshmi Nagar -Ext, with values ranging from Rs 100 to Rs 150 per sq.ft.

What fees are associated with property registration in Rv Nagar?

When registering property in Rv Nagar, the stamp duty is charged at 7% of the guideline value, and the registration fee is 2% of the guideline value.

Where is the Sub Registrar Office for Rv Nagar located?

The Sub Registrar Office for Rv Nagar is the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, 602026, Chennai registration zone.