Guideline Value for RUKMANI GARDEN EXTENSION

Rukmani Garden Extension guideline value

The current guideline value of Rukmani Garden Extension is Rs 402 per sq.ft, effective from 1 July 2024. This area is located in Acharapakkam village, under the Acchirapakkam SRO, and is classified as Mixed Type - I land.

How the guideline value of Rukmani Garden Extension has changed

According to the guideline value register, there are no figures for Rukmani Garden Extension for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision also recorded the guideline value at Rs 402 per sq.ft, showing no change from the previous year.

In the 2024 revision, the guideline value remains at Rs 402 per sq.ft, indicating a 0% change from the 2023 figure. This consistency reflects stability in the valuation for this street over the past two years.

Guideline values in Acharapakkam

Acharapakkam village has 61 streets under the Acchirapakkam SRO, with guideline values ranging from Rs 250 to Rs 600 per sq.ft. The median value is Rs 400 per sq.ft, and the 2024 figure for Rukmani Garden Extension is above this median.

• Rukmani Garden: Rs 523 per sq.ft (2024)
• Railway Kudiyeruppu Ward 9: Rs 250 per sq.ft (2024)
• Police Line Street Ward 11: Rs 400 per sq.ft (2024)
• South Mada Street (Bajanai Koil Street) Ward 13: Rs 400 per sq.ft (2024)
• Sri Aatchiswarar Nagar: Rs 400 per sq.ft (2024)
• Pallipattu Salai Ward 8: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Rukmani Garden Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 402 per sq.ft, the total guideline value amounts to Rs 4,02,000. The stamp duty is charged at 7%, resulting in Rs 28,140, while the registration fee at 2% amounts to Rs 8,040. Together, the total cost for stamp duty and registration fee is Rs 36,180. It is important to note that 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 detailed calculations.

Which Sub Registrar Office covers Rukmani Garden Extension?

The Sub Registrar Office covering Rukmani Garden Extension is the Acchirapakkam Sub Registrar Office, located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a critical factor during the registration process when buying or selling property in Acharapakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is being registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the necessary duties and fees. This ensures that the registration reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Rukmani Garden Extension?

The current guideline value of Rukmani Garden Extension is Rs 402 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Rukmani Garden Extension has remained at Rs 402 per sq.ft since the 2023 revision, with no changes recorded in previous years for this street.

What is the median guideline value in Acharapakkam?

The median guideline value in Acharapakkam is Rs 400 per sq.ft, with Rukmani Garden Extension's value being above this median.

What are the stamp duty rates for properties in Rukmani Garden Extension?

The stamp duty for properties in Rukmani Garden Extension is charged at 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Rukmani Garden Extension located?

The Acchirapakkam Sub Registrar Office is located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone.