Guideline Value for RUTHRA AVENUE (TAI)

Ruthra Avenue (Tai) guideline value

The current guideline value of Ruthra Avenue (Tai) is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Konathi village under the Chengleput Joint II SRO and is classified as Residential Class I Type - II.

How the guideline value of Ruthra Avenue (Tai) has changed

The guideline value for Ruthra Avenue (Tai) has seen several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which decreased to Rs 536 per sq.ft in the 2017 revision. However, the value significantly increased in the following years, reaching Rs 800 per sq.ft in the 2023 revision and further rising to Rs 880 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, the guideline value increased by 49%. Overall, from the 2012 revision to the 2024 revision, there has been a 10% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Konathi

In Konathi village, there are 131 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,500 per sq.ft. The median guideline value in this village is Rs 770 per sq.ft, placing Ruthra Avenue (Tai) above that median.

• Saisakthi Nagar: Rs 2,500 per sq.ft (2024)
• Samundeeswari Naga Potheri (Ward-20): Rs 1,980 per sq.ft (2024)
• Ramani Thottam (Ward-20): Rs 880 per sq.ft (2024)
• Rajivgandhi Street (Ward-21): Rs 660 per sq.ft (2024)
• Rajeswari Nagar Main Road (Ward -1): Rs 770 per sq.ft (2024)
• Rajeshwari Nagar (Val): Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Ruthra Avenue (Tai)

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, and the registration fee at 2% would be Rs 17,600, making a total of Rs 79,200. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Ruthra Avenue (Tai)?

The Sub Registrar Office that covers Ruthra Avenue (Tai) 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 Konathi

The guideline value is an essential factor in the registration process of property transactions in Konathi. It serves as a benchmark for calculating stamp duty and registration fees, which are mandatory costs associated with property transactions.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately, reflecting the official value set by the government. This helps in maintaining transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value of Ruthra Avenue (Tai)?

The current guideline value of Ruthra Avenue (Tai) is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then increased to Rs 800 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024.

What is the land classification of Ruthra Avenue (Tai)?

Ruthra Avenue (Tai) is classified as Residential Class I Type - II.

What are the stamp duty and registration fees for property in Ruthra Avenue (Tai)?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total costs would be Rs 79,200, combining both fees.

Which Sub Registrar Office covers Ruthra Avenue (Tai)?

The Chengleput Joint II Sub Registrar Office covers Ruthra Avenue (Tai), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.