Guideline Value for Rahmath Golden City Ext

Rahmath Golden City Ext guideline value

The current guideline value of Rahmath Golden City Ext is Rs 1,102 per sq.ft, effective from 1 July 2024. This property is located in Allappakkam village and falls under the Chengleput Joint I SRO, classified as Residential Special Type - III.

How the guideline value of Rahmath Golden City Ext has changed

Over the years, the guideline value of Rahmath Golden City Ext has seen several revisions. The 2012 revision set the value at Rs 1,100 per sq.ft, which remained unchanged until the 2023 revision, where it was again Rs 1,100 per sq.ft. The 2017 revision marked a significant increase to Rs 737 per sq.ft, reflecting a change of -33% from the previous figure. The latest revision in 2024 has increased the value slightly to Rs 1,102 per sq.ft, showing no percentage change from the 2023 figure.

Notably, the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, comparing the 2012 revision to the 2024 revision, there is a 0% change, indicating stability in the guideline value over this period.

Guideline values in Allappakkam

In Allappakkam, there are 51 streets under the Chengleput Joint I SRO that carry a 2024 guideline value ranging from Rs 600 to Rs 2,000 per sq.ft. The median value for these streets is Rs 1,102 per sq.ft, which is the same as the guideline value for Rahmath Golden City Ext.

• Pranav Orchid: Rs 800 per sq.ft (2024)
• Rangaswamy Nagar: Rs 1,200 per sq.ft (2024)
• Rish Hill View co-Operative Nagar: Rs 800 per sq.ft (2024)
• Rishi Hill View Co-Op Nagar Phase-I: Rs 800 per sq.ft (2024)
• Rishi Hill View Co-Op Nagar Phase-II: Rs 800 per sq.ft (2024)
• Rishi Hill View Co-Op Nagar Phase-III: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Rahmath Golden City Ext

For a 1,000 sq.ft plot at the current guideline value of Rs 1,102 per sq.ft, the total guideline value amounts to Rs 11,02,000. The stamp duty at 7% would be Rs 77,140, and the registration fee at 2% would be Rs 22,040, bringing the total cost for these fees to Rs 99,180. It is important to note that 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 details.

Which Sub Registrar Office covers Rahmath Golden City Ext?

The Sub Registrar Office that covers Rahmath Golden City Ext is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property in Allappakkam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for both parties. It is essential for buyers to be aware of the guideline value to ensure they are not overpaying, while sellers can use it to set a fair price for their property.

Frequently asked questions

What is the current guideline value of Rahmath Golden City Ext?

The current guideline value of Rahmath Golden City Ext is Rs 1,102 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained stable at Rs 1,100 per sq.ft from 2012 to 2023. The latest revision in 2024 saw a slight increase to Rs 1,102 per sq.ft.

What is the land classification for Rahmath Golden City Ext?

Rahmath Golden City Ext is classified as Residential Special Type - III, indicating its suitability for residential development.

What is the registration office for this area?

The registration office for Rahmath Golden City Ext is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for properties in Allappakkam?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a property valued at Rs 11,02,000, the stamp duty would be Rs 77,140 at a rate of 7%.