Guideline Value for Rail Vihar Phase -II A

Rail Vihar Phase -II A guideline value

The current guideline value for Rail Vihar Phase -II A is Rs 1,800 per sq.ft, effective from 1 July 2024. This property is located in Ambattur village and falls under the Ambattur SRO. The land classification for this area is Residential Class IV Type - III.

How the guideline value of Rail Vihar Phase -II A has changed

Over the years, the guideline value of Rail Vihar Phase -II A has seen significant changes. The most recent revision in 2024 set the value at Rs 1,800 per sq.ft, which is an increase of 6% from the 2023 revision of Rs 1,700 per sq.ft. Prior to that, in 2017, the guideline value was Rs 1,139 per sq.ft, marking a substantial increase of 49% to the 2023 figure. The overall increase from 2017 to 2024 is 58%.

It is important to note that there are no registered figures for the years 2002, 2003, 2007, and 2012 for this street. The last recorded revision before 2017 was in 2017, which indicates a gap in the data for those years.

Guideline values in Ambattur

Ambattur village has a total of 448 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,400 to Rs 8,209 per sq.ft, with a median value of Rs 3,600 per sq.ft. The guideline value for Rail Vihar Phase -II A is below this median.

• Ragavendra Street: Rs 4,000 per sq.ft (2024)
• Ragavendra samy Street: Rs 4,000 per sq.ft (2024)
• P.V. city: Rs 3,600 per sq.ft (2024)
• Raja moorthy Street: Rs 4,000 per sq.ft (2024)
• Pushpammal Street: Rs 4,600 per sq.ft (2024)
• Rajaram street: Rs 3,600 per sq.ft (2024)

Stamp duty and registration fee for property in Rail Vihar Phase -II A

For a 1,000 sq.ft plot at the current guideline value of Rs 1,800 per sq.ft, the total guideline value amounts to Rs 18,00,000. The stamp duty is charged at 7%, which totals Rs 1,26,000, and the registration fee at 2% amounts to Rs 36,000. Thus, the total cost for stamp duty and registration fee combined is Rs 1,62,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rail Vihar Phase -II A?

The Sub Registrar Office that covers Rail Vihar Phase -II A is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Ambattur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is transparent and fair.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the state receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Rail Vihar Phase -II A?

The current guideline value for Rail Vihar Phase -II A is Rs 1,800 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased by 58%, from Rs 1,139 per sq.ft in 2017 to Rs 1,800 per sq.ft in 2024.

What are the stamp duty and registration fees for Rail Vihar Phase -II A?

The stamp duty is 7% and the registration fee is 2%. For a property valued at Rs 18,00,000, the total fees would amount to Rs 1,62,000.

Which office handles property registrations in Rail Vihar Phase -II A?

The Ambattur Sub Registrar Office handles property registrations for Rail Vihar Phase -II A, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone.

What is the land classification for Rail Vihar Phase -II A?

The land classification for Rail Vihar Phase -II A is Residential Class IV Type - III.