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 Sattamangalam village and falls under the Chengleput Joint II SRO. The land classification for this street is 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 earliest recorded figure is from 2012, where it was Rs 600 per sq.ft. This value remained unchanged until 2017, when it dropped to Rs 402 per sq.ft. The next revision in 2023 raised the value to Rs 600 per sq.ft, and the most recent revision in 2024 set it at Rs 660 per sq.ft, marking a 10% increase from the previous year.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased significantly by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Sattamangalam

In Sattamangalam, there are 425 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value in this area is Rs 1,100 per sq.ft, positioning Rukumani Nagar (N) below that median.

• R.R.Nagar: Rs 660 per sq.ft (2024)
• 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)
• Sagunthapuram (N): Rs 660 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 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty, charged at 7%, would be Rs 46,200, while the registration fee, at 2%, would be Rs 13,200. Together, the total cost for these fees would be Rs 59,400. 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 further calculations.

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 Sattamangalam

The guideline value is a crucial factor during the registration of property transactions in Sattamangalam. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

When buying or selling property, it is essential to be aware of the guideline value to ensure compliance with local regulations and to understand the financial implications of the transaction. This value is regularly updated to reflect changes in the real estate market and local conditions.

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 2012 to Rs 660 per sq.ft in 2024, with a notable increase of 49% from 2017 to 2023.

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

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

Which office handles registrations for Rukumani Nagar (N)?

The Chengleput Joint II Sub Registrar Office handles registrations for Rukumani Nagar (N), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated in Sattamangalam?

Stamp duty in Sattamangalam is calculated based on the guideline value or the sale price, whichever is higher. The current rate is 7% for stamp duty and 2% for registration fees.