Guideline Value for Renukambal Street

Renukambal Street guideline value

The current guideline value for Renukambal Street in Malaipattu village is Rs 150 per sq.ft, effective from the 2024 revision. This street falls under the Sunguvarchattram SRO and is classified as Residential Class IV Type - I.

How the guideline value of Renukambal Street has changed

In the 2012 revision, the guideline value was set at Rs 150 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 100 per sq.ft, marking a decline of 33%. However, in the 2023 revision, the value increased by 50% to Rs 150 per sq.ft, and this figure has been retained in the 2024 revision, resulting in no overall change from 2012 to 2024.

The register has no figures for the years 2002, 2003, and 2007 for this street. Therefore, the only revisions that provide a guideline value are from 2012, 2017, 2023, and 2024.

Guideline values in Malaipattu

In Malaipattu, there are 36 streets under the Sunguvarchattram SRO with a 2024 guideline value ranging from Rs 150 to Rs 1,181 per sq.ft. The median value for these streets is Rs 200 per sq.ft, placing Renukambal Street's 2024 figure below that median.

• RLN Metro Square: Rs 1,181 per sq.ft (2024)
• Ramadasss Salai: Rs 250 per sq.ft (2024)
• Periyar Street: Rs 150 per sq.ft (2024)
• Pazhavathamman Nagar: Rs 300 per sq.ft (2024)
• Pavazhathamman Street: Rs 200 per sq.ft (2024)
• SriKumaran Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Renukambal Street

For a 1,000 sq.ft plot at the current rate of Rs 150 per sq.ft, the guideline value would be Rs 1,50,000. The stamp duty at 7% would amount to Rs 10,500, and the registration fee at 2% would be Rs 3,000, totaling Rs 13,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Renukambal Street?

The Sub Registrar Office that covers Renukambal Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Malaipattu. It serves as a benchmark for determining the stamp duty and registration fees payable to the government.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Renukambal Street?

The current guideline value of Renukambal Street is Rs 150 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value for Renukambal Street has seen several changes, with a decrease to Rs 100 per sq.ft in 2017 and an increase back to Rs 150 per sq.ft in 2023 and 2024.

What is the land classification for Renukambal Street?

Renukambal Street is classified as Residential Class IV Type - I under the current guidelines.

What are the stamp duty and registration fees for property on Renukambal Street?

For a 1,000 sq.ft plot valued at Rs 150 per sq.ft, the total stamp duty and registration fees would amount to Rs 13,500.

Where is the Sub Registrar Office for Renukambal Street located?

The Sub Registrar Office for Renukambal Street is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.