Guideline Value for RUKMANI GARDEN

Rukmani Garden guideline value

The current guideline value of Rukmani Garden is Rs 523 per sq.ft, effective from 1 July 2024. This area is located in Acharapakkam village under the Acchirapakkam SRO, classified as Residential Special Type - III.

How the guideline value of Rukmani Garden has changed

In the 2023 revision, the guideline value for Rukmani Garden was Rs 523 per sq.ft. The 2024 revision maintained the same rate of Rs 523 per sq.ft, indicating no percentage change from the previous year. The register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017.

Thus, the guideline value has remained consistent at Rs 523 per sq.ft since the 2023 revision. The absence of figures for earlier revisions means that Rukmani Garden has not seen any documented changes in guideline value for those years.

Guideline values in Acharapakkam

Acharapakkam village has a total of 61 streets under the Acchirapakkam SRO that carry a 2024 guideline value, ranging from Rs 250 to Rs 600 per sq.ft, with a median value of Rs 400 per sq.ft. The guideline value for Rukmani Garden is above this median.

• Rukmani Garden Extension: Rs 402 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

For a 1,000 sq.ft plot at the current guideline value of Rs 523 per sq.ft, the total guideline value amounts to Rs 5,23,000. The stamp duty at 7% would be Rs 36,610, while the registration fee at 2% would be Rs 10,460, making the total fees together Rs 47,070. Please note that the 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 detailed calculations.

Which Sub Registrar Office covers Rukmani Garden?

The Sub Registrar Office covering Rukmani Garden is the Acchirapakkam Sub Registrar Office, located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property transactions in Acharapakkam. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the property is not sold below this value.

When registering a property, buyers and sellers must consider the guideline value to calculate applicable fees such as stamp duty and registration charges. This ensures compliance with local regulations and helps in the smooth processing of property transactions.

Frequently asked questions

What is the current guideline value of Rukmani Garden?

The current guideline value of Rukmani Garden is Rs 523 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 523 per sq.ft since the 2023 revision, with no changes noted in the previous revisions for this street.

What is the land classification for Rukmani Garden?

Rukmani Garden is classified as Residential Special Type - III, indicating its suitability for residential development.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For example, on a 1,000 sq.ft plot at Rs 523 per sq.ft, the total fees would be Rs 47,070.

Where is the Sub Registrar Office for Rukmani Garden located?

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