Guideline Value for Ramakrishna Nagar (R.K.Nagar)

Ramakrishna Nagar (R.K.Nagar) guideline value

The current guideline value of Ramakrishna Nagar (R.K.Nagar) is Rs 3,800 per sq.ft, effective from 1 July 2024. This area is located in Konnur village and falls under the Konnur SRO. The land classification for this street is Residential Class II Type - I.

How the guideline value of Ramakrishna Nagar (R.K.Nagar) has changed

The guideline value for Ramakrishna Nagar (R.K.Nagar) has seen several revisions over the years. The 2012 revision set the value at Rs 3,500 per sq.ft, which was a decrease of 33% from the Rs 2,345 per sq.ft recorded in the 2017 revision. In 2023, the guideline value increased to Rs 3,500 per sq.ft, and in the latest 2024 revision, it rose by 9% to Rs 3,800 per sq.ft.

There are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 9%.

Guideline values in Konnur

In Konnur, there are 249 streets under the Konnur SRO that have a 2024 guideline value ranging from Rs 2,750 to Rs 7,100 per sq.ft. The median guideline value for these streets is Rs 3,800 per sq.ft, which matches the current figure for Ramakrishna Nagar (R.K.Nagar).

• Ramamanthiram Street: Rs 5,500 per sq.ft (2024)
• Ramani Street: Rs 3,800 per sq.ft (2024)
• Raman Street: Rs 6,000 per sq.ft (2024)
• Rajiv Gandhi Nagar: Rs 3,800 per sq.ft (2024)
• Rangadass Reddy Colony & Streets: Rs 3,800 per sq.ft (2024)
• Rajamangalam Prathana Salai: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Ramakrishna Nagar (R.K.Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value amounts to Rs 38,00,000. The stamp duty at 7% would be Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, bringing the total cost to Rs 3,42,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ramakrishna Nagar (R.K.Nagar)?

The Sub Registrar Office that covers Ramakrishna Nagar (R.K.Nagar) is the Konnur Sub Registrar Office. The address is Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Konnur. It is used to determine the stamp duty and registration fees that are applicable during the sale or purchase of property.

Frequently asked questions

What is the current guideline value of Ramakrishna Nagar (R.K.Nagar)?

The current guideline value of Ramakrishna Nagar (R.K.Nagar) is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,500 per sq.ft in 2023 to Rs 3,800 per sq.ft in 2024, marking a 9% increase. It was Rs 2,345 per sq.ft in 2017 and Rs 3,500 per sq.ft in 2012, showing a 49% increase from 2017 to 2023.

What is the land classification for Ramakrishna Nagar (R.K.Nagar)?

The land classification for Ramakrishna Nagar (R.K.Nagar) is Residential Class II Type - I, indicating its suitability for residential purposes.

Where can I find the Konnur Sub Registrar Office?

The Konnur Sub Registrar Office is located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai, Chennai registration zone.

How is the stamp duty calculated for property in Ramakrishna Nagar (R.K.Nagar)?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 2,66,000.