Guideline Value for Ruban Street (Pudur)

Ruban Street (Pudur) guideline value

The current guideline value of Ruban Street (Pudur) is Rs 1,900 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village, under the Ambattur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Ruban Street (Pudur) has changed

Over the years, the guideline value of Ruban Street (Pudur) has seen several revisions. The 2012 revision set the value at Rs 1,800 per sq.ft, which then decreased to Rs 1,206 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 1,800 per sq.ft, and in the latest 2024 revision, it rose to Rs 1,900 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, and 2007.

The changes between these revisions highlight a 33% decrease from 2012 to 2017, followed by a substantial 49% increase from 2017 to 2023. Overall, from 2012 to 2024, the guideline value has increased by 6%.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO, with guideline values ranging from Rs 1,100 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Ruban Street (Pudur) below this median.

• Saint Thamas Street (A.K.A.Nagar): Rs 1,600 per sq.ft (2024)
• Saint Thamas Street (Venkateswara Nagar): Rs 1,600 per sq.ft (2024)
• Red hills Road: Rs 3,500 per sq.ft (2024)
• Redhills Cross Street: Rs 2,400 per sq.ft (2024)
• Sakthi vinayagar Koil Street (Vinayagapuram): Rs 2,400 per sq.ft (2024)
• Sampath Street (V.L.Puram): Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Ruban Street (Pudur)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value would be Rs 19,00,000. The stamp duty at 7% would amount to Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, bringing the total fees to Rs 1,71,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Ruban Street (Pudur)?

The Sub Registrar Office that covers Ruban Street (Pudur) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Oragadam. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When a property is registered, the higher value between the guideline value and the sale price is considered for calculating 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 Ruban Street (Pudur)?

The current guideline value of Ruban Street (Pudur) is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then increased to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,900 per sq.ft in 2024.

What is the land classification for Ruban Street (Pudur)?

Ruban Street (Pudur) is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the other streets in Oragadam with their guideline values?

Other streets in Oragadam include Saint Thamas Street (A.K.A.Nagar) and Saint Thamas Street (Venkateswara Nagar), both at Rs 1,600 per sq.ft, and Redhills Cross Street, Sakthi vinayagar Koil Street (Vinayagapuram), and Sampath Street (V.L.Puram) at Rs 2,400 per sq.ft, among others.

How are stamp duty and registration fees calculated in Oragadam?

Stamp duty and registration fees in Oragadam are calculated based on the guideline value or the sale price, whichever is higher. The current rates are 7% for stamp duty and 2% for registration fees.