Guideline Value for RUKUMANI NAGAR

Rukumani Nagar guideline value

The current guideline value of Rukumani Nagar is Rs 330 per sq.ft, effective from 1 July 2024. This area is located in Athipattu village under the Thiruvottiyur SRO and is classified as Residential Class I Type - I.

How the guideline value of Rukumani Nagar has changed

The guideline value for Rukumani Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 201 per sq.ft, which increased significantly to Rs 300 per sq.ft in the 2023 revision, marking a 49% increase. The most recent revision in 2024 raised the guideline value further to Rs 330 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

Guideline values in Athipattu

Athipattu village has 108 streets under the Thiruvottiyur SRO, with the 2024 guideline values ranging from Rs 220 to Rs 462 per sq.ft. The median guideline value for these streets is Rs 330 per sq.ft, which is the same as the current value for Rukumani Nagar.

• Sadaiyamman Koil Street / Nagar: Rs 330 per sq.ft (2024)
• R.L.Y. Stn Street/Road: Rs 330 per sq.ft (2024)
• Sai Baba Nagar: Rs 330 per sq.ft (2024)
• Sankar Nagar: Rs 330 per sq.ft (2024)
• Santha Nagar: Rs 330 per sq.ft (2024)
• Ramanathapuram: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Rukumani Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value would be Rs 3,30,000. The stamp duty at 7% would amount to Rs 23,100, and the registration fee at 2% would be Rs 6,600, making the total cost for these fees Rs 29,700. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rukumani Nagar?

The Sub Registrar Office that covers Rukumani Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration of property transactions in Athipattu. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When you buy or sell property in Rukumani Nagar, the guideline value will be used to calculate the applicable fees. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Rukumani Nagar?

The current guideline value of Rukumani Nagar is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023, and then to Rs 330 per sq.ft in 2024. Overall, this represents a 64% increase from 2017 to 2024.

What are the other streets in Athipattu with the same guideline value?

Other streets in Athipattu with the same guideline value of Rs 330 per sq.ft include Sadaiyamman Koil Street, R.L.Y. Stn Street, Sai Baba Nagar, Sankar Nagar, Santha Nagar, and Ramanathapuram.

What are the fees associated with buying property in Rukumani Nagar?

The fees for buying property in Rukumani Nagar include stamp duty at 7% and a registration fee at 2% of the guideline value. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 29,700.

Where can I find the Sub Registrar Office for Rukumani Nagar?

The Sub Registrar Office for Rukumani Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.