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 Potheri 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 was later decreased to Rs 536 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 800 per sq.ft, and in the latest 2024 revision, it rose to Rs 880 per sq.ft. It is important to note that there are no figures available for this street in the 2002, 2003, and 2007 revisions.

In summary, the changes between revisions are as follows: from 2012 to 2017, there was a decrease of 33%; from 2017 to 2023, an increase of 49%; and from 2023 to 2024, an increase of 10%. Overall, comparing the 2012 and 2024 revisions, there has been an increase of 10%.

Guideline values in Potheri

Potheri village has a total of 129 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,970 per sq.ft. The median guideline value in Potheri is Rs 770 per sq.ft, making the 2024 figure for Ruthra Avenue (Tai) above this median.

• 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)
• Rajendra Nagar (Ward -1): Rs 660 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, bringing the total fees to Rs 79,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ruthra Avenue (Tai)?

The Chengleput Joint II Sub Registrar Office covers Ruthra Avenue (Tai). 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 Potheri

The guideline value is a crucial component in the registration process of property transactions in Potheri. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transfer of property ownership.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps maintain transparency in real estate dealings. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during registration.

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 multiple times, with the most recent increase being from Rs 800 per sq.ft in 2023 to Rs 880 per sq.ft in 2024. The value was Rs 536 per sq.ft in 2017 and Rs 800 per sq.ft in 2012.

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

Ruthra Avenue (Tai) is classified as Residential Class I Type - II under the Chengleput Joint II SRO.

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

For a 1,000 sq.ft plot at the current rate, the total guideline value would be Rs 8,80,000. The stamp duty would be Rs 61,600, and the registration fee would be Rs 17,600, totaling Rs 79,200.

Which office handles registrations for properties in Potheri?

The Chengleput Joint II Sub Registrar Office handles registrations for properties in Potheri. It is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.