Guideline Value for RUKMANIRADHA KANNAN GARDEN

Rukmaniradha Kannan Garden guideline value

The current guideline value of Rukmaniradha Kannan Garden is Rs 1,100 per sq.ft, effective from 1 July 2024. This property is located in Uthandi village, under the Neelankarai SRO, and is classified as Residential Class III Type - I.

How the guideline value of Rukmaniradha Kannan Garden has changed

The guideline value for Rukmaniradha Kannan Garden has undergone several revisions over the years. In 2012, the value was set at Rs 1,000 per sq.ft, which then decreased to Rs 670 per sq.ft in 2017. The subsequent revision in 2023 raised the value to Rs 1,000 per sq.ft, and the most recent revision in 2024 has increased it further to Rs 1,100 per sq.ft, marking a 10% increase from the previous year. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%, followed by a significant increase of 49% from 2017 to 2023. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Uthandi

In Uthandi, there are 197 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 14,700 per sq.ft. The median guideline value in this area is Rs 1,700 per sq.ft, placing Rukmaniradha Kannan Garden's 2024 figure below the median.

• R.R.Nehetan: Rs 2,800 per sq.ft (2024)
• Rice Mill Street: Rs 2,200 per sq.ft (2024)
• Ranganathan, Neela Garden: Rs 1,100 per sq.ft (2024)
• Ranganathan Avenue: Rs 4,400 per sq.ft (2024)
• Ramu, Raja Manickam Thottam: Rs 1,100 per sq.ft (2024)
• Ramu Kannan Gunasekaran Garden: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Rukmaniradha Kannan Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total charges to Rs 99,000. 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 precise calculations.

Which Sub Registrar Office covers Rukmaniradha Kannan Garden?

The Sub Registrar Office that covers Rukmaniradha Kannan Garden is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Uthandi. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers should be aware that the guideline value can influence the overall cost of property transactions.

When registering a property, the guideline value is compared with the sale price to determine the applicable duty. It is essential to ensure that the sale price reflects the market conditions, as the higher of the two values will be used to calculate the stamp duty.

Frequently asked questions

What is the current guideline value of Rukmaniradha Kannan Garden?

The current guideline value of Rukmaniradha Kannan Garden is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, with the most recent increase being 10% from Rs 1,000 per sq.ft in 2023 to Rs 1,100 per sq.ft in 2024. The value decreased from Rs 1,000 in 2012 to Rs 670 in 2017 before rising again in subsequent years.

What is the classification of Rukmaniradha Kannan Garden?

Rukmaniradha Kannan Garden is classified as Residential Class III Type - I, indicating its designation for residential use within the area.

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai. This office handles registrations for properties in the area.

How is the stamp duty calculated for properties in Uthandi?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 11,00,000, the stamp duty would be 7% of that amount, along with a registration fee of 2%.