Guideline Value for RUKUMANI NAGAR (N)

Rukumani Nagar (N) guideline value

The current guideline value for Rukumani Nagar (N) in Peramanoor village is Rs 661 per sq.ft, effective from 1 July 2024. This area falls 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. In 2012, the guideline value was Rs 600 per sq.ft, which then decreased to Rs 402 per sq.ft in 2017, marking a drop of 33%. However, from 2017 to 2023, the value increased significantly by 49%, reaching Rs 600 per sq.ft. The most recent revision in 2024 has set the guideline value at Rs 661 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the guideline value 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 Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 550 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, placing Rukumani Nagar (N) below this median.

• Sabathi Nagar (Per): Rs 661 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 661 per sq.ft (2024)
• Sagunthapuram (N): Rs 661 per sq.ft (2024)
• Rani Mangammal Street (Ward -8): Rs 1,320 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 guideline value of Rs 661 per sq.ft, the total guideline value would be Rs 6,61,000. The stamp duty at 7% would amount to Rs 46,270, and the registration fee at 2% would be Rs 13,220, bringing the total cost for these fees to Rs 59,490. It is important to note that the 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 Chengleput Joint II Sub Registrar Office covers Rukumani Nagar (N). The office is 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 Peramanoor

The guideline value is a crucial factor when registering property in Peramanoor. It serves as a benchmark for determining the minimum value of a property for registration purposes, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. It is essential to consider this value to avoid discrepancies during the registration process, ensuring a smooth transaction.

Frequently asked questions

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

The current guideline value of Rukumani Nagar (N) is Rs 661 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years for Rukumani Nagar (N)?

Since 2012, the guideline value has fluctuated, starting at Rs 600 per sq.ft in 2012, decreasing to Rs 402 per sq.ft in 2017, then rising to Rs 600 per sq.ft in 2023, and finally reaching Rs 661 per sq.ft in 2024.

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

Rukumani Nagar (N) is classified as Residential Class I Type - III.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How is the stamp duty calculated for property in Rukumani Nagar (N)?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty would be Rs 46,270 at 7% of the guideline value.