Guideline Value for Rocky Nagar

Rocky Nagar guideline value

The current guideline value of Rocky Nagar is Rs 448 per sq.ft, effective from 1 July 2024. This area is located in Vattampakkam village under the Sunguvarchattram SRO and is classified as Residential Special Type - II.

How the guideline value of Rocky Nagar has changed

The guideline value for Rocky Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged until the 2017 revision. In 2017, the value increased to Rs 300 per sq.ft, and it stayed the same until the 2023 revision, which also recorded Rs 448 per sq.ft. The latest revision in 2024 maintains this value at Rs 448 per sq.ft, showing no change from the previous year.

From 2012 to 2024, the overall increase in guideline value is 49%. The jump from 2017 to 2023 was 49%, while there was no change from 2012 to 2017. The revisions for the years 2002, 2003, and 2007 have no figures recorded for this street.

Guideline values in Vattampakkam

In Vattampakkam, there are 33 streets under the Sunguvarchattram SRO with a 2024 guideline value ranging from Rs 200 to Rs 1,790 per sq.ft, with a median value of Rs 250 per sq.ft. Rocky Nagar's 2024 guideline value of Rs 448 per sq.ft is above this median.

• Rockey Garden: Rs 250 per sq.ft (2024)
• Rose Nagar: Rs 250 per sq.ft (2024)
• Ponniamman Kovil Street (colony): Rs 200 per sq.ft (2024)
• Shri Sheshadri Brindhavanam Phase I: Rs 500 per sq.ft (2024)
• Pillaiyar Kovil Street: Rs 200 per sq.ft (2024)
• Pethel Nagar: Rs 426 per sq.ft (2024)

Stamp duty and registration fee for property in Rocky Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 448 per sq.ft, the total guideline value would be Rs 4,48,000. The stamp duty at 7% would amount to Rs 31,360, and the registration fee at 2% would be Rs 8,960, bringing the total to Rs 40,320. 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 Rocky Nagar?

The Sub Registrar Office that covers Rocky Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Vattampakkam. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

When you register a property, the guideline value is considered as a reference point for the transaction value. If the sale price is higher than the guideline value, the stamp duty will be calculated based on the sale price instead.

Frequently asked questions

What is the current guideline value of Rocky Nagar?

The current guideline value of Rocky Nagar is Rs 448 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 448 per sq.ft in 2024, reflecting an overall increase of 49% over this period.

What is the land classification for Rocky Nagar?

Rocky Nagar is classified as Residential Special Type - II under the guideline value register.

Where can I find the registration office for Rocky Nagar?

The registration office for Rocky Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is stamp duty calculated for properties in Rocky Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 4,48,000 would incur a stamp duty of Rs 31,360 at 7%.