Guideline Value for RUBY'S SHOBA CASTLE

Ruby's Shoba Castle guideline value

The current guideline value of Ruby's Shoba Castle in Perungalathur village, under the Padappai SRO, is Rs 3,740 per sq.ft, effective from 1 July 2024. This property falls under the Residential Special Type - I land classification.

How the guideline value of Ruby's Shoba Castle has changed

Since the 2017 revision, the guideline value has seen significant increases. The 2017 revision set the value at Rs 2,275 per sq.ft, which rose to Rs 3,396 per sq.ft in the 2023 revision, marking a 49% increase. The latest revision in 2024 further raised the value to Rs 3,740 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. The register does not provide figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO with a 2024 guideline value ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median value is Rs 2,310 per sq.ft, making Ruby's Shoba Castle's 2024 figure above that median.

• Ruby Builders: Rs 2,640 per sq.ft (2024)
• RSR Nagar: Rs 2,310 per sq.ft (2024)
• Rukmani Street: Rs 1,980 per sq.ft (2024)
• Royal Avenue: Rs 1,980 per sq.ft (2024)
• Rooby Flats: Rs 2,640 per sq.ft (2024)
• Sadagopan Nagar: Rs 2,310 per sq.ft (2024)

Stamp duty and registration fee for property in Ruby's Shoba Castle

For a 1,000 sq.ft plot at the current guideline value of Rs 3,740 per sq.ft, the total guideline value would be Rs 37,40,000. The stamp duty at 7% would be Rs 2,61,800, and the registration fee at 2% would be Rs 74,800, totaling Rs 3,36,600. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ruby's Shoba Castle?

The Sub Registrar Office that covers Ruby's Shoba Castle is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Perungalathur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When registering a property, the guideline value is assessed, and the stamp duty is calculated based on this value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ruby's Shoba Castle?

The current guideline value of Ruby's Shoba Castle is Rs 3,740 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 2,275 per sq.ft to Rs 3,740 per sq.ft, representing a total increase of 64% over the period.

What is the registration office for Ruby's Shoba Castle?

The registration office for Ruby's Shoba Castle is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

What is the median guideline value in Perungalathur?

The median guideline value in Perungalathur is Rs 2,310 per sq.ft, based on the 2024 figures for the 411 streets under the Padappai SRO.

How is stamp duty calculated for properties in Ruby's Shoba Castle?

Stamp duty for properties in Ruby's Shoba Castle is calculated based on the higher of the guideline value or the sale price. The current rate is 7% of the guideline value.