Guideline Value for Rukmani Street

Rukmani Street guideline value

The current guideline value of Rukmani Street in Periyapanancheri village is Rs 1,320 per sq.ft, effective from 1 July 2024. This street falls under the Pammal SRO and is classified as Residential Class II Type - I.

How the guideline value of Rukmani Street has changed

The guideline value for Rukmani Street has undergone several revisions over the years. The 2017 revision set the value at Rs 804 per sq.ft, which increased to Rs 1,200 per sq.ft in the 2023 revision. The most recent 2024 revision raised the value further to Rs 1,320 per sq.ft, reflecting a 10% increase from the previous year.

Between the 2017 and 2023 revisions, the guideline value saw a significant increase of 49%. Overall, from 2017 to 2024, the guideline value has risen by 64%. The register has no figures for Rukmani Street for the years 2002, 2003, 2007, and 2012.

Guideline values in Periyapanancheri

In Periyapanancheri, there are 33 streets under the Pammal SRO that have a guideline value for 2024, ranging from Rs 990 to Rs 4,925 per sq.ft. The median guideline value for these streets is Rs 1,320 per sq.ft, which is equal to the current value of Rukmani Street.

• Ram Nagar: Rs 1,320 per sq.ft (2024)
• Purushothaman Nagar Phase II: Rs 1,650 per sq.ft (2024)
• Purushothaman Nagar: Rs 1,650 per sq.ft (2024)
• Sree Ambal Nagar: Rs 1,650 per sq.ft (2024)
• N.S.K.Street: Rs 990 per sq.ft (2024)
• Tholkappiar Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Rukmani Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, totaling Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Rukmani Street?

The Sub Registrar Office that covers Rukmani Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 Periyapanancheri

The guideline value plays a crucial role in property transactions in Periyapanancheri. It is used to determine the stamp duty and registration fees that need to be paid during the property registration process. Buyers should be aware that the guideline value may differ from the actual sale price of the property.

When registering a property, the authorities will charge the stamp duty based on the higher amount between the guideline value and the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Rukmani Street?

The current guideline value of Rukmani Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 804 per sq.ft in 2017 to Rs 1,320 per sq.ft in 2024, marking a total increase of 64% over this period.

What is the median guideline value for streets in Periyapanancheri?

The median guideline value for streets in Periyapanancheri is Rs 1,320 per sq.ft, which is the same as the current value for Rukmani Street.

What are the registration fees for a property in Rukmani Street?

For a property with a guideline value of Rs 13,20,000, the stamp duty would be Rs 92,400 and the registration fee would be Rs 26,400, totaling Rs 1,18,800.

Where can I find the Sub Registrar Office for Rukmani Street?

The Pammal Sub Registrar Office, which covers Rukmani Street, is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.