Guideline Value for RUBY GOOD WOODS

Ruby Good Woods guideline value

The current guideline value of Ruby Good Woods is Rs 2,000 per sq.ft, as per the 2023 revision. This property is located in Mambakkam village, under the Gooduvancheri SRO, and is classified as Mixed Type - I land.

How the guideline value of Ruby Good Woods has changed

The guideline value for Ruby Good Woods has undergone several revisions over the years. The 2017 revision set the value at Rs 1,340 per sq.ft. This was an increase from the previous figure, although the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

In the 2023 revision, the guideline value rose significantly to Rs 2,000 per sq.ft, marking an increase of 49% from the 2017 figure. This recent adjustment reflects the current valuation for the property.

Guideline values in Mambakkam

Currently, there are no specific village figures provided for Mambakkam. Ruby Good Woods is one of the streets covered under the Gooduvancheri SRO. There are no other streets in Mambakkam listed in the available data.

Stamp duty and registration fee for property in Ruby Good Woods

For a 1,000 sq.ft plot at the current rate of Rs 2,000 per sq.ft, the guideline value amounts to Rs 20,00,000. The stamp duty, calculated at 7%, would be Rs 1,40,000, and the registration fee at 2% would total Rs 40,000. Together, the total costs would be Rs 1,80,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ruby Good Woods?

The Ruby Good Woods property falls under the jurisdiction of the Gooduvancheri Sub Registrar Office. The office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, in the Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Mambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately and fairly.

When a buyer or seller engages in a property transaction, the guideline value is used to calculate applicable fees such as stamp duty and registration charges. This ensures that the government receives its due revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ruby Good Woods?

The current guideline value of Ruby Good Woods is Rs 2,000 per sq.ft, as per the 2023 revision.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 1,340 per sq.ft in 2017 to Rs 2,000 per sq.ft in 2023, which is an increase of 49%.

Are there any guideline values for other years for Ruby Good Woods?

The register has no figures for the years 2002, 2003, 2007, and 2012 for Ruby Good Woods.

What are the stamp duty and registration fees for a property in Ruby Good Woods?

For a 1,000 sq.ft plot at the current rate, the total stamp duty and registration fees would be Rs 1,80,000, calculated based on the guideline value.

Which office handles registrations for Ruby Good Woods?

The Gooduvancheri Sub Registrar Office handles registrations for Ruby Good Woods, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202.