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Guideline Value

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Guideline Value for RuckmaniAmmal Street(Santhosh nagar)

₹1100/sq.ft.

The guideline value for Ruckmaniammal Street(santhosh Nagar) in Ayappakkam village (Ambattur SRO, Chennai zone) is Rs 1100 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ayappakkam

Village

Ambattur

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹1100 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹670 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹400 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop,ambattur- 600 053
044-26584174
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Ruckmaniammal Street(santhosh Nagar)

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RuckmaniAmmal Street(Santhosh nagar) guideline value

The current guideline value of RuckmaniAmmal Street(Santhosh nagar) is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Ayappakkam village and falls under the Ambattur SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of RuckmaniAmmal Street(Santhosh nagar) has changed

The guideline value for RuckmaniAmmal Street(Santhosh nagar) has seen several revisions over the years. The 2007 revision set the value at Rs 400 per sq.ft, which increased to Rs 1,000 per sq.ft in 2012, marking a significant rise of 150%. However, the value dropped to Rs 670 per sq.ft in 2017, a decrease of 33%. The 2023 revision brought the value back up to Rs 1,000 per sq.ft, and the latest 2024 revision has set it at Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 175%.

Guideline values in Ayappakkam

In Ayappakkam, there are 221 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 550 to Rs 4,000 per sq.ft. The median guideline value for these streets is Rs 1,300 per sq.ft, placing the 2024 figure for RuckmaniAmmal Street(Santhosh nagar) below that median.

Stamp duty and registration fee for property in RuckmaniAmmal Street(Santhosh nagar)

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers RuckmaniAmmal Street(Santhosh nagar)?

The Sub Registrar Office that covers RuckmaniAmmal Street(Santhosh nagar) 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 information.

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

The guideline value is a crucial factor when it comes to property transactions in Ayappakkam. It serves as a benchmark for determining the stamp duty and registration fees that buyers must pay when purchasing property. The guideline value is used to ensure that the government collects appropriate taxes based on the value of the property being transferred.

When selling property, the guideline value helps establish a fair price for both the buyer and seller. It is essential for buyers to be aware of the guideline value in their area to ensure they are making informed decisions during the purchasing process.

Frequently asked questions

What is the current guideline value of RuckmaniAmmal Street(Santhosh nagar)?

The current guideline value of RuckmaniAmmal Street(Santhosh nagar) is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 175% over the years.

What is the land classification for RuckmaniAmmal Street(Santhosh nagar)?

The land classification for RuckmaniAmmal Street(Santhosh nagar) is Residential Class I Type - II.

What are the stamp duty and registration fees for property in this area?

The stamp duty is charged at 7% and the registration fee at 2% based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a total of Rs 99,000 in fees.

Which office handles registrations for RuckmaniAmmal Street(Santhosh nagar)?

The Ambattur Sub Registrar Office handles registrations for RuckmaniAmmal Street(Santhosh nagal), located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.