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Guideline Value

Corporate

Guideline Value for Rukmanai Ammal Street

₹3300/sq.ft.

The guideline value for Rukmanai Ammal Street in Virugambakkam village (Virugambakkam SRO, Chennai zone) is Rs 3300 per sq.ft, effective 1 July 2024. It was Rs 3000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Virugambakkam

Village

Virugambakkam

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹3300 /sq.ft.
From 1-4-2023 ₹3000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2010 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹750 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹530 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹478 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Rukmanai Ammal Street

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Rukmanai Ammal Street guideline value

The current guideline value of Rukmanai Ammal Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Virugambakkam village, under the jurisdiction of the Virugambakkam SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Rukmanai Ammal Street has changed

The guideline value for Rukmanai Ammal Street has seen several revisions over the years. The earliest recorded figure is from 2002, with a value of Rs 478 per sq.ft. This increased to Rs 530 per sq.ft in 2003, marking an 11% rise. The value continued to rise, reaching Rs 750 per sq.ft in 2007, an increase of 42%. The 2012 revision recorded a value of Rs 3,000 per sq.ft, reflecting a significant jump of 300% from the previous revision. However, this figure decreased to Rs 2,010 per sq.ft in 2017, a drop of 33%. The value then increased to Rs 3,000 per sq.ft in 2023, before reaching the current rate of Rs 3,300 per sq.ft in 2024, which is a 10% increase from the previous year.

There are no figures available for the years between 2002 and 2007, and also for the years between 2017 and 2023. Overall, from 2002 to 2024, the guideline value has increased by 590%.

Guideline values in Virugambakkam

In Virugambakkam village, there are 391 streets under the Virugambakkam SRO that carry a 2024 figure, ranging from Rs 2,750 to Rs 13,200 per sq.ft. The median guideline value in this area is Rs 4,400 per sq.ft, placing Rukmanai Ammal Street's 2024 figure below that median.

Stamp duty and registration fee for property in Rukmanai Ammal Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, making a total of Rs 2,97,000. 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 Rukmanai Ammal Street?

The Sub Registrar Office that covers Rukmanai Ammal Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more details.

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

The guideline value is a crucial factor during property registration in Virugambakkam. It serves as a benchmark for determining the minimum price at which a property can be registered. This value is used to calculate the stamp duty and registration fees that are payable at the time of property transfer.

When buying or selling property, it is essential to be aware of the guideline value, as it ensures compliance with the legal requirements set by the registration authorities. Buyers should consider the guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Rukmanai Ammal Street?

The current guideline value of Rukmanai Ammal Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 478 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 590% over this period.

What is the stamp duty for properties on Rukmanai Ammal Street?

The stamp duty for properties on Rukmanai Ammal Street is calculated at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Rukmanai Ammal Street?

The Sub Registrar Office for Rukmanai Ammal Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What are the guideline values of other streets in Virugambakkam?

Other streets in Virugambakkam have varying guideline values, with rates ranging from Rs 2,750 to Rs 13,200 per sq.ft. R.K.Sanmugam Road has a value of Rs 8,800 per sq.ft, while several streets in Saibaba Colony have a value of Rs 6,600 per sq.ft.