Guideline Value for Rukmani Street

Rukmani Street guideline value

The current guideline value of Rukmani Street in Perungalathur village is Rs 1,980 per sq.ft, effective from 1 July 2024. This street falls under the Padappai SRO and is classified as Residential Class III Type - I.

How the guideline value of Rukmani Street has changed

The guideline value for Rukmani Street has seen several revisions over the years. In 2007, the value was Rs 250 per sq.ft, which significantly increased to Rs 1,800 per sq.ft in 2012, marking a remarkable increase of 620%. However, this value dropped to Rs 1,206 per sq.ft in 2017, a decrease of 33%. Following this, the value rose to Rs 1,800 per sq.ft in 2023, and further increased to Rs 1,980 per sq.ft in 2024, reflecting a 10% rise.

There are no figures available for the years 2002 and 2003 in the register for Rukmani Street. Overall, from 2007 to 2024, the guideline value has increased by 692%.

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, with a median value of Rs 2,310 per sq.ft. Rukmani Street's current guideline value of Rs 1,980 per sq.ft is below this median.

• Ruby's Shoba Castle: Rs 3,740 per sq.ft (2024)
• Ruby Builders: Rs 2,640 per sq.ft (2024)
• RSR Nagar: Rs 2,310 per sq.ft (2024)
• Royal Avenue: Rs 1,980 per sq.ft (2024)
• Sadagopan Nagar: Rs 2,310 per sq.ft (2024)
• Rooby Flats: Rs 2,640 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 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total to Rs 1,78,200. 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 information.

Which Sub Registrar Office covers Rukmani Street?

The Sub Registrar Office that covers Rukmani Street is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is crucial when registering property transactions in Perungalathur. It serves as a benchmark for calculating the stamp duty and registration fees, which are mandatory during the sale or purchase of property.

When you buy or sell property, the guideline value helps ensure that the transaction is recorded accurately in the official register. This process is essential for establishing legal ownership and protecting the rights of property owners.

Frequently asked questions

What is the current guideline value of Rukmani Street?

The current guideline value of Rukmani Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2007 to Rs 1,980 per sq.ft in 2024, with various increases and decreases in between, including a significant rise of 620% from 2007 to 2012.

What is the median guideline value in Perungalathur?

The median guideline value in Perungalathur is Rs 2,310 per sq.ft, with Rukmani Street's current value being below this median.

What are the stamp duty and registration fees for Rukmani Street?

The stamp duty for a property valued at Rs 19,80,000 would be Rs 1,38,600, and the registration fee would be Rs 39,600, totaling Rs 1,78,200.

Where is the Sub Registrar Office for Rukmani Street located?

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