Guideline Value for HIRA RUBI AVENUE

Hira Rubi Avenue guideline value

The current guideline value of Hira Rubi Avenue is Rs 600 per sq.ft, effective from 1 July 2024. This street is located in Thadaperumbakkam village under the Ponneri SRO, classified as Residential Class I Type - I.

How the guideline value of Hira Rubi Avenue has changed

The guideline value for Hira Rubi Avenue has undergone several revisions over the years. The register has no figure for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 500 per sq.ft, which increased to Rs 600 per sq.ft in the 2024 revision, marking a change of +20%.

Prior to the 2023 revision, there were no figures recorded for Hira Rubi Avenue in the previous years. The 2024 figure of Rs 600 per sq.ft is above the median guideline value of Rs 501 per sq.ft for the 50 streets in Thadaperumbakkam under the Ponneri SRO.

Guideline values in Thadaperumbakkam

In Thadaperumbakkam, the guideline values for various streets range from Rs 500 to Rs 1,500 per sq.ft, with the median being Rs 501 per sq.ft. Hira Rubi Avenue's 2024 guideline value of Rs 600 per sq.ft is above this median.

• Hira Apple Garden: Rs 501 per sq.ft (2024)
• Gandhi Nagar: Rs 501 per sq.ft (2024)
• Kailash Nagar: Rs 501 per sq.ft (2024)
• Kannan Garden: Rs 501 per sq.ft (2024)
• Kannan Garden Ext: Rs 501 per sq.ft (2024)
• Devaki Green Garden: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Hira Rubi Avenue

For a 1,000 sq.ft plot at the current rate of Rs 600 per sq.ft, the 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, totaling Rs 54,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Hira Rubi Avenue?

The Sub Registrar Office that covers Hira Rubi Avenue is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Thadaperumbakkam, as it determines the minimum value at which a property can be registered. When buying or selling property, the stamp duty and registration fees are calculated based on this guideline value or the sale price, whichever is higher.

It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with legal requirements during the registration process. Understanding the guideline value helps in making informed decisions when engaging in property transactions.

Frequently asked questions

What is the current guideline value of Hira Rubi Avenue?

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

How has the guideline value changed over the years?

The guideline value for Hira Rubi Avenue was Rs 500 per sq.ft in 2023, which increased to Rs 600 per sq.ft in 2024. There are no figures recorded for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value in Thadaperumbakkam?

The median guideline value for the 50 streets in Thadaperumbakkam is Rs 501 per sq.ft. Hira Rubi Avenue's 2024 figure is above this median.

What are the stamp duty and registration fees for properties in Hira Rubi Avenue?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot at Rs 600 per sq.ft, the total fees would amount to Rs 54,000.

Where is the Sub Registrar Office for Hira Rubi Avenue located?

The Sub Registrar Office for Hira Rubi Avenue is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. This office handles the registration of properties in the area.