Guideline Value for RUBY RHEA GARDENS

Ruby Rhea Gardens guideline value

The current guideline value of Ruby Rhea Gardens is Rs 3,500 per sq.ft, effective from 1 July 2024. This property is located in Madambakkam village under the Selaiyur SRO, classified as Mixed Type - I.

How the guideline value of Ruby Rhea Gardens has changed

In the 2023 revision, the guideline value was set at Rs 3,250 per sq.ft. This marked an increase from the previous revision, which has no recorded figure for Ruby Rhea Gardens in the years 2017, 2012, 2007, 2003, and 2002. The latest revision in 2024 shows an increase of 8%, bringing the current guideline value to Rs 3,500 per sq.ft.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median value for these streets is Rs 2,400 per sq.ft, placing Ruby Rhea Gardens above this median.

• RUBY RHEA GARDENS Phase -II: Rs 3,500 per sq.ft (2024)
• Ruby Vairam: Rs 2,700 per sq.ft (2024)
• Russel Avenue: Rs 3,800 per sq.ft (2024)
• Sabapathi Nagar: Rs 2,750 per sq.ft (2024)
• Sabapathi Nagar 1st Cross Street: Rs 2,750 per sq.ft (2024)
• Sabapathi Nagar 1st Main Road: Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in Ruby Rhea Gardens

For a 1,000 sq.ft plot at the current guideline value of Rs 3,500 per sq.ft, the total guideline value amounts to Rs 35,00,000. The stamp duty at 7% would be Rs 2,45,000, and the registration fee at 2% would be Rs 70,000, bringing the total to Rs 3,15,000. The duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Ruby Rhea Gardens?

The Sub Registrar Office covering Ruby Rhea Gardens is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, 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 Madambakkam

The guideline value is an essential factor in the registration process for property transactions in Madambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value must be considered, as it affects the overall cost of the transaction. Buyers should be aware that the stamp duty is calculated based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Ruby Rhea Gardens?

The current guideline value of Ruby Rhea Gardens is Rs 3,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 3,250 per sq.ft in 2023 to Rs 3,500 per sq.ft in 2024. There are no recorded figures for the years 2017, 2012, 2007, 2003, and 2002.

What is the land classification of Ruby Rhea Gardens?

Ruby Rhea Gardens is classified as Mixed Type - I, which is relevant for understanding its development potential and usage regulations.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 35,00,000. The stamp duty at 7% is Rs 2,45,000, and the registration fee at 2% is Rs 70,000, totaling Rs 3,15,000.

Where is the Sub Registrar Office for Ruby Rhea Gardens located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.