Guideline Value for Ruby Builders

Ruby Builders guideline value

The current guideline value for Ruby Builders in Perungalathur village is Rs 2,640 per sq.ft, effective from 1 July 2024. This property falls under the Padappai Sub Registrar Office (SRO) and is classified as Residential Class I Type - I.

How the guideline value of Ruby Builders has changed

The guideline value for Ruby Builders has seen several revisions over the years. The 2012 revision set the value at Rs 2,400 per sq.ft. This was followed by a decrease to Rs 1,608 per sq.ft in 2017, marking a change of -33%. The subsequent revision in 2023 raised the value to Rs 2,400 per sq.ft, and then it increased again to Rs 2,640 per sq.ft in 2024, which is a rise of 10% from the previous year.

Between the 2017 and 2023 revisions, the guideline value increased significantly by 49%. Overall, from 2012 to 2024, there has been a modest increase of 10%. Notably, the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,310 per sq.ft, making Ruby Builders' current value of Rs 2,640 per sq.ft above that median.

• Ruby's Shoba Castle: Rs 3,740 per sq.ft (2024)
• RSR Nagar: Rs 2,310 per sq.ft (2024)
• Rukmani Street: Rs 1,980 per sq.ft (2024)
• Royal Avenue: Rs 1,980 per sq.ft (2024)
• Rooby Flats: Rs 2,640 per sq.ft (2024)
• Sadagopan Nagar: Rs 2,310 per sq.ft (2024)

Stamp duty and registration fee for property in Ruby Builders

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, bringing the total cost for these fees to 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.

You can calculate your own fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ruby Builders?

The Ruby Builders property is covered by the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Perungalathur. It serves as the basis for calculating stamp duty and registration fees, which are mandatory during the registration process. The fees are determined by the guideline value or the sale price, whichever is higher.

When buying or selling property, it is essential to be aware of the current guideline value, as it can significantly impact the overall cost of the transaction. Ensuring that you have accurate and up-to-date information about the guideline value can help in making informed decisions.

Frequently asked questions

What is the current guideline value of Ruby Builders?

The current guideline value of Ruby Builders 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 back 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 Ruby Builders?

Ruby Builders is classified as Residential Class I Type - I, which indicates its suitability for residential development.

Where is the Padappai Sub Registrar Office located?

The Padappai Sub Registrar Office is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai.

How is stamp duty calculated for properties in Ruby Builders?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For Ruby Builders, the stamp duty is 7% of the guideline value, and the registration fee is 2% of the guideline value.