Guideline Value for RUTHRA AVENUE (TAI)

Ruthra Avenue (Tai) guideline value

The current guideline value of Ruthra Avenue (Tai) in Thailavaram village is Rs 881 per sq.ft, effective from 1 July 2024. This property falls 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

Over the years, the guideline value for Ruthra Avenue (Tai) has seen several revisions. The 2012 revision set the value at Rs 800 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 536 per sq.ft. Following this, the 2023 revision increased it to Rs 800 per sq.ft again, and the latest 2024 revision has raised it to Rs 881 per sq.ft, reflecting a 10% increase from the previous year.

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

Guideline values in Thailavaram

In Thailavaram, there are 132 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft, with a median value of Rs 770 per sq.ft. Ruthra Avenue (Tai) is above this median with its current value of Rs 881 per sq.ft.

• Samundeeswari Naga Potheri (Ward-20): Rs 1,980 per sq.ft (2024)
• Ramani Thottam (Ward-20): Rs 881 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 881 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 881 per sq.ft, the total guideline value amounts to Rs 8,81,000. The stamp duty at 7% would be Rs 61,670, and the registration fee at 2% would be Rs 17,620, bringing the total fees to Rs 79,290. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

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 Thailavaram

The guideline value is a critical factor in the registration process when buying or selling property in Thailavaram. It serves as the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives appropriate revenue from property transactions.

When a property is sold, the sale price must be equal to or higher than the guideline value. If the sale price is lower than the guideline value, the stamp duty will be calculated based on the guideline value instead.

Frequently asked questions

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

The current guideline value of Ruthra Avenue (Tai) is Rs 881 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 back to Rs 800 per sq.ft in 2023, and finally to Rs 881 per sq.ft in 2024.

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

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

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

For a property valued at Rs 8,81,000, the stamp duty would be Rs 61,670 and the registration fee would be Rs 17,620, totaling Rs 79,290.

Which office handles registrations for Ruthra Avenue (Tai)?

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