Guideline Value for reputes prosperity avenue

Reputes Prosperity Avenue guideline value

The current guideline value of Reputes Prosperity Avenue is Rs 600 per sq.ft, effective from 1 July 2024. This street is located in Nenmeli village and falls under the Chengleput Joint I SRO, classified as Mixed Type - III land.

How the guideline value of Reputes Prosperity Avenue has changed

Reputes Prosperity Avenue has seen several revisions over the years. The 2012 revision set the guideline value at Rs 600 per sq.ft, which remained unchanged until the 2023 revision, where it stayed at Rs 600 per sq.ft. The 2017 revision marked a significant increase to Rs 402 per sq.ft, reflecting a 49% rise from the previous revision. However, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2024, the overall guideline value remained at Rs 600 per sq.ft, indicating no change despite the fluctuations in previous years. The most recent revision in 2024 did not alter the guideline value from the previous year, maintaining it at Rs 600 per sq.ft.

Guideline values in Nenmeli

Nenmeli village has a total of 53 streets under the Chengleput Joint I SRO, with 2024 guideline values ranging from Rs 400 to Rs 2,500 per sq.ft. The median guideline value in the village is Rs 612 per sq.ft, placing Reputes Prosperity Avenue's value below that median.

• Ram Ravi Nagar: Rs 800 per sq.ft (2024)
• Sai City: Rs 800 per sq.ft (2024)
• Sailakshmi Nagar: Rs 600 per sq.ft (2024)
• Sai Ram Nagar: Rs 550 per sq.ft (2024)
• Sai Saraswathi Nagar: Rs 800 per sq.ft (2024)
• Sai Suja Avenue: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Reputes Prosperity Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total fees to Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Reputes Prosperity Avenue?

The Chengleput Joint I Sub Registrar Office covers Reputes Prosperity Avenue, 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 Nenmeli

The guideline value is a crucial factor in the registration process when buying or selling property in Nenmeli. It serves as a reference point for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Reputes Prosperity Avenue?

The current guideline value of Reputes Prosperity Avenue is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft since the 2012 revision, with a significant increase from Rs 402 per sq.ft in 2017 to Rs 600 per sq.ft in 2023. There are no figures available for the years 2002, 2003, and 2007 for this street.

What are the guideline values in Nenmeli village?

Nenmeli village has 53 streets under the Chengleput Joint I SRO, with guideline values ranging from Rs 400 to Rs 2,500 per sq.ft. The median value in the village is Rs 612 per sq.ft, which means Reputes Prosperity Avenue's value is below this median.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000, and the registration fee would be Rs 12,000, totaling Rs 54,000. The duty is charged on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Reputes Prosperity Avenue?

The Chengleput Joint I Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information by visiting the relevant link.