Guideline Value for RUBY GREENVILLEE

Ruby Greenvillee guideline value

The current guideline value of Ruby Greenvillee, located in Agaramthen village under the Tambaram Joint 1 SRO, is Rs 1,770 per sq.ft, effective from 1 July 2024. This property falls under the Residential Class III Type - I land classification.

How the guideline value of Ruby Greenvillee has changed

The guideline value for Ruby Greenvillee has seen significant changes over the years. In the 2017 revision, the value was Rs 1,072 per sq.ft. This increased to Rs 1,608 per sq.ft in the 2023 revision, marking a 50% rise. The current value of Rs 1,770 per sq.ft in the 2024 revision reflects a further increase of 10% from the previous year.

Overall, from 2017 to 2024, the guideline value has risen by 65%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Agaramthen

Agaramthen village has 125 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 440 to Rs 3,700 per sq.ft. The median value for these streets is Rs 830 per sq.ft, indicating that Ruby Greenvillee's 2024 figure of Rs 1,770 per sq.ft is above this median.

• Ramar Street: Rs 830 per sq.ft (2024)
• Ramadoss Nagar: Rs 550 per sq.ft (2024)
• Saravanan Avenue: Rs 2,310 per sq.ft (2024)
• Rajeswari Street: Rs 830 per sq.ft (2024)
• Rajaram Street: Rs 830 per sq.ft (2024)
• Sathiyavani Muthu Street: Rs 830 per sq.ft (2024)

Stamp duty and registration fee for property in Ruby Greenvillee

For a 1,000 sq.ft plot at the current guideline value of Rs 1,770 per sq.ft, the total guideline value would be Rs 17,70,000. The stamp duty at 7% would amount to Rs 1,23,900, while the registration fee at 2% would be Rs 35,400. Together, the total cost for stamp duty and registration would be Rs 1,59,300. It is important to note that 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 Ruby Greenvillee?

The Ruby Greenvillee property is covered by the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, 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 Agaramthen

The guideline value plays a crucial role in the registration process when buying or selling property in Agaramthen. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ruby Greenvillee?

The current guideline value of Ruby Greenvillee is Rs 1,770 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 1,072 per sq.ft in 2017 to Rs 1,770 per sq.ft in 2024, marking an overall increase of 65% over this period.

What is the land classification of Ruby Greenvillee?

Ruby Greenvillee is classified under Residential Class III Type - I, indicating its suitability for residential development.

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

The stamp duty is charged at 7% and the registration fee at 2% of the higher of the guideline value or the sale price. For a 1,000 sq.ft property at the current guideline value, the total fees would amount to Rs 1,59,300.

Where is the Sub Registrar Office for Ruby Greenvillee located?

The Tambaram Joint 1 Sub Registrar Office is located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone.