Guideline Value for Rooby Flats

Rooby Flats guideline value

The current guideline value of Rooby Flats in Perungalathur village, under the Padappai SRO, is Rs 2,640 per sq.ft, effective from 1 July 2024. This property falls under the Residential Class I Type - I land classification.

How the guideline value of Rooby Flats has changed

The guideline value for Rooby Flats has seen several revisions over the years. The earliest available figure is from 2012, set at Rs 2,400 per sq.ft. This was followed by a decrease to Rs 1,608 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value rose significantly to Rs 2,400 per sq.ft, an increase of 49%. The most recent revision in 2024 saw the guideline value rise to Rs 2,640 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO with a 2024 guideline value ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,310 per sq.ft, placing Rooby Flats above this median value.

• Royal Avenue: Rs 1,980 per sq.ft (2024)
• R.M.K. Nagar: Rs 3,960 per sq.ft (2024)
• R.K.Nagar: Rs 2,310 per sq.ft (2024)
• RSR Nagar: Rs 2,310 per sq.ft (2024)
• Ruby Builders: Rs 2,640 per sq.ft (2024)
• Ruby's Shoba Castle: Rs 3,740 per sq.ft (2024)

Stamp duty and registration fee for property in Rooby Flats

For a 1,000 sq.ft plot at the current guideline value of Rs 2,640 per sq.ft, the total guideline value amounts to Rs 26,40,000. The stamp duty at 7% would be Rs 1,84,800, and the registration fee at 2% would be Rs 52,800, totaling Rs 2,37,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rooby Flats?

The Sub Registrar Office that covers Rooby Flats is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Perungalathur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property registration.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the necessary revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Rooby Flats?

The current guideline value of Rooby Flats is Rs 2,640 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,400 per sq.ft in 2012 to Rs 1,608 per sq.ft in 2017, then to Rs 2,400 per sq.ft in 2023, and finally to Rs 2,640 per sq.ft in 2024.

What is the land classification for Rooby Flats?

Rooby Flats is classified under Residential Class I Type - I land classification.

Where can I find the registration office for Rooby Flats?

The registration office for Rooby Flats is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is stamp duty calculated for properties in Rooby Flats?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft property at the current guideline value incurs a total guideline value of Rs 26,40,000, leading to a stamp duty of Rs 1,84,800.