Guideline Value for RUKUMANI NAGAR (N)

Rukumani Nagar (N) guideline value

The current guideline value of Rukumani Nagar (N) is Rs 660 per sq.ft, effective from 1 July 2024. This area is located in Kattankollatur village, under the Chengleput Joint II SRO, and is classified as Residential Class I Type - III.

How the guideline value of Rukumani Nagar (N) has changed

The guideline value for Rukumani Nagar (N) has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 660 per sq.ft, an increase of 10% from the 2023 figure of Rs 600 per sq.ft. Prior to that, the 2017 revision recorded a value of Rs 402 per sq.ft, which marked a significant increase of 49% to the 2023 figure. The 2012 revision also had a guideline value of Rs 600 per sq.ft, indicating a decrease of 33% when compared to the 2017 value.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Kattankollatur

In Kattankollatur, there are 453 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 3,612 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Rukumani Nagar (N) below this median.

• Sabathi Nagar (Per): Rs 440 per sq.ft (2024)
• Sadasivam Salai (Ward -18): Rs 1,320 per sq.ft (2024)
• Sadasivam Salai (Ward -2): Rs 1,320 per sq.ft (2024)
• Roshan Babu Nagar (Ward -19): Rs 660 per sq.ft (2024)
• Sagunathapuram (N): Rs 660 per sq.ft (2024)
• Rathinam Nagar: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Rukumani Nagar (N)

For a 1,000 sq.ft plot at the current rate of Rs 660 per sq.ft, the guideline value is Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, while the registration fee at 2% would amount to Rs 13,200. Together, these fees total Rs 59,400. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rukumani Nagar (N)?

The Sub Registrar Office that covers Rukumani Nagar (N) 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 Kattankollatur

The guideline value is a crucial factor during the registration of property transactions in Kattankollatur. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the transaction reflects the legal value of the property.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees, which are essential for the lawful transfer of property ownership. This ensures transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Rukumani Nagar (N)?

The current guideline value of Rukumani Nagar (N) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2023 to Rs 660 per sq.ft in 2024, marking a 10% increase. It was Rs 402 per sq.ft in 2017 and Rs 600 per sq.ft in 2012.

What is the land classification of Rukumani Nagar (N)?

Rukumani Nagar (N) is classified as Residential Class I Type - III, indicating its suitability for residential purposes.

What are the other streets in Kattankollatur?

Other streets in Kattankollatur include Sabathi Nagar, Sadasivam Salai (Ward -18 and Ward -2), Roshan Babu Nagar, Sagunathapuram, and Rathinam Nagar, each with varying guideline values.

Where is the Sub Registrar Office for Rukumani Nagar (N)?

The Sub Registrar Office covering Rukumani Nagar (N) is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, under the Chengalpattu registration zone.