Guideline Value for RUKMANI GARDENS

Rukmani Gardens guideline value

The current guideline value of Rukmani Gardens is Rs 600 per sq.ft, effective from 1 July 2024. This property is located in Athur A Block village under the Chengleput Joint II SRO, classified as Mixed Type - I land.

How the guideline value of Rukmani Gardens has changed

The guideline value for Rukmani Gardens has seen several revisions over the years. In the 2007 revision, the value was set at Rs 150 per sq.ft, which increased significantly to Rs 600 per sq.ft in the 2012 revision. However, the 2017 revision saw a decrease to Rs 402 per sq.ft, before rising again to Rs 600 per sq.ft in both the 2023 and 2024 revisions, reflecting no change between these two years.

Overall, from the 2007 revision to the current 2024 guideline value, there has been a substantial increase of 300%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Athur A Block

Athur A Block consists of 44 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 300 to Rs 1,525 per sq.ft. The median value is Rs 600 per sq.ft, making Rukmani Gardens' current guideline value equal to this median.

• Sai Thirumalai Nagar: Rs 500 per sq.ft (2024)
• Sakthi Avenue: Rs 600 per sq.ft (2024)
• Sakthi Mangala Nagar: Rs 600 per sq.ft (2024)
• Saraswathy Nagar: Rs 600 per sq.ft (2024)
• Railway Nagar: Rs 300 per sq.ft (2024)
• Pristine Avenue: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Rukmani Gardens

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, leading to a total of Rs 54,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rukmani Gardens?

The Sub Registrar Office covering Rukmani Gardens is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 Athur A Block

The guideline value is a crucial factor when buying or selling property in Athur A Block, as it determines the minimum value at which the property can be registered. Buyers must be aware that the stamp duty and registration fees are calculated based on this guideline value or the sale price, whichever is higher.

During the registration process, it is essential to ensure that the property is valued correctly according to the guideline value to avoid any discrepancies. This value is set by the Registration Department and is regularly updated to reflect changes in the market.

Frequently asked questions

What is the current guideline value of Rukmani Gardens?

The current guideline value of Rukmani Gardens is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has experienced various changes, with the most significant increase occurring from Rs 150 per sq.ft in 2007 to Rs 600 per sq.ft in 2012, and again to Rs 600 per sq.ft in 2023 and 2024.

What is the land classification of Rukmani Gardens?

Rukmani Gardens is classified as Mixed Type - I land according to the guidelines set by the Chengleput Joint II SRO.

What are the stamp duty and registration fees for property in Rukmani Gardens?

For a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000 and the registration fee would be Rs 12,000, totaling Rs 54,000. These fees are based on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Rukmani Gardens located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles registrations for properties in Rukmani Gardens.