Guideline Value for Ruby Urban Town

Ruby Urban Town guideline value

The current guideline value of Ruby Urban Town, located in Palur - C village under the Chengleput Joint II SRO, is Rs 670 per sq.ft as per the 2024 revision, effective from 1 July 2024. The land classification for this area is Mixed Type - III.

How the guideline value of Ruby Urban Town has changed

Since the 2017 revision, the guideline value for Ruby Urban Town has remained constant at Rs 670 per sq.ft. The 2023 revision also recorded the same figure of Rs 670 per sq.ft, showing no change from the previous year. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Overall, from the 2017 revision to the 2024 revision, the guideline value has not changed, maintaining a consistent rate of Rs 670 per sq.ft. The 2024 revision reflects a 0% change from the previous year, indicating stability in the guideline value for this period.

Guideline values in Palur - C

In Palur - C, there are 9 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 1,500 per sq.ft, with a median value of Rs 400 per sq.ft. The guideline value for Ruby Urban Town is above this median, reflecting its position within the local market.

• Vasantham Nagar: Rs 1,000 per sq.ft (2024)
• Heritage City: Rs 1,500 per sq.ft (2024)
• Lakshmi Nagar Part III: Rs 400 per sq.ft (2024)
• Lodhas Pathankeshwarar Nagar: Rs 400 per sq.ft (2024)
• Om Sai Nagar Phase -II: Rs 400 per sq.ft (2024)
• Vetrivel Nagar: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Ruby Urban Town

For a 1,000 sq.ft plot at the current guideline value of Rs 670 per sq.ft, the total guideline value amounts to Rs 6,70,000. The stamp duty at 7% would be Rs 46,900, and the registration fee at 2% would be Rs 13,400, bringing the total to Rs 60,300. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ruby Urban Town?

The Sub Registrar Office that covers Ruby Urban Town is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, within the Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Palur - C

The guideline value is an essential factor in the registration of property transactions in Palur - C. It serves as a benchmark for determining the stamp duty and registration fees payable during the sale or purchase of property.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately, reflecting the official value set by the authorities. This value is crucial for both buyers and sellers to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Ruby Urban Town?

The current guideline value of Ruby Urban Town is Rs 670 per sq.ft, as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Ruby Urban Town has remained unchanged at Rs 670 per sq.ft since 2017. There were no changes in the revisions for 2023 and 2024, reflecting stability in the value.

What is the land classification of Ruby Urban Town?

Ruby Urban Town is classified as Mixed Type - III, which indicates the nature of land use in the area.

What are the stamp duty and registration fees for properties in Ruby Urban Town?

For a property valued at Rs 6,70,000, the stamp duty would be Rs 46,900, and the registration fee would be Rs 13,400, totaling Rs 60,300. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Ruby Urban Town?

The Sub Registrar Office for Ruby Urban Town is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find your SRO through the provided link.