Guideline Value for Rish Hill View co-Operative Nagar

Rish Hill View co-Operative Nagar guideline value

The current guideline value of Rish Hill View co-Operative Nagar is Rs 800 per sq.ft, effective from 1 July 2024. This area is located in Allappakkam village and falls under the Chengleput Joint I SRO. The land classification for this region is Residential Class I Type - I.

How the guideline value of Rish Hill View co-Operative Nagar has changed

Over the years, the guideline value of Rish Hill View co-Operative Nagar has seen several revisions. The earliest recorded revision was in 2007, with a value of Rs 525 per sq.ft. This increased to Rs 800 per sq.ft in 2012, marking a 52% rise. However, in 2017, the value dropped to Rs 536 per sq.ft, which was a decrease of 33%. The value then rose to Rs 800 per sq.ft in 2023, with no change noted in 2024, maintaining the same rate.

From 2017 to 2023, there was a significant increase of 49%. Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 52%. It is important to note that there are no recorded figures for the years 2002 and 2003 for this street.

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, placing Rish Hill View Co-Operative Nagar's 2024 figure below this median.

• 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)
• Roja Garden: Rs 1,102 per sq.ft (2024)
• Rangaswamy Nagar: Rs 1,200 per sq.ft (2024)
• Sai Kiruba Nagar: Rs 1,102 per sq.ft (2024)

Stamp duty and registration fee for property in Rish Hill View co-Operative Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value would be Rs 8,00,000. The stamp duty at 7% would amount to Rs 56,000, while the registration fee at 2% would be Rs 16,000, bringing the total fees to Rs 72,000. 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 Rish Hill View co-Operative Nagar?

The Rish Hill View co-Operative Nagar is covered by 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

When buying or selling property in Allappakkam, the guideline value is a critical factor used during the registration process. It determines the amount of stamp duty and registration fees that must be paid, ensuring that the transaction is officially recorded.

The guideline value serves as a benchmark for property transactions, helping to establish a fair price for both buyers and sellers. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Rish Hill View co-Operative Nagar?

The current guideline value of Rish Hill View co-Operative Nagar is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 800 per sq.ft in 2024. It was Rs 800 per sq.ft in 2023, Rs 536 per sq.ft in 2017, and Rs 800 per sq.ft in 2012.

What is the median guideline value in Allappakkam?

The median guideline value for streets in Allappakkam is Rs 1,102 per sq.ft, which is above the current value of Rish Hill View co-Operative Nagar.

What are the stamp duty and registration fees for property in Rish Hill View co-Operative Nagar?

For a property valued at Rs 8,00,000, the stamp duty would be Rs 56,000 and the registration fee would be Rs 16,000, totaling Rs 72,000.

Which Sub Registrar Office covers Rish Hill View co-Operative Nagar?

The Chengleput Joint I Sub Registrar Office covers Rish Hill View co-Operative Nagar, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.