Guideline Value for Rukumani Street

Rukumani Street guideline value

The current guideline value of Rukumani Street is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village under the Ambattur SRO, classified as Residential Class III Type - I.

How the guideline value of Rukumani Street has changed

The guideline value for Rukumani Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,600 per sq.ft, which is an increase of 7% from the 2023 revision of Rs 1,500 per sq.ft. Prior to that, the 2012 revision also recorded a value of Rs 1,500 per sq.ft, indicating no change from 2012 to 2023. The register has no figures for the years 2002, 2003, 2007, and 2017.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 7%. The consistent value from 2012 to 2023 shows stability in the guideline value during that period.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,400 per sq.ft, placing Rukumani Street's 2024 figure below that median.

• Royal Residency: Rs 1,900 per sq.ft (2024)
• Saibaba Street(srinagar colony): Rs 2,700 per sq.ft (2024)
• Sai Prabhu Batha Street(Srinagar Colony): Rs 2,700 per sq.ft (2024)
• Sairam Nagar: Rs 880 per sq.ft (2024)
• Ravindran Nagar: Rs 1,500 per sq.ft (2024)
• Sakthi Street(Devi Nagar): Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Rukumani Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total to Rs 1,44,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rukumani Street?

The Sub Registrar Office that covers Rukumani Street 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 Thirumullaivoyal

The guideline value is a crucial factor when registering property transactions in Thirumullaivoyal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the fair valuation of the property. It is essential to consider the guideline value during negotiations, as it impacts the overall cost involved in the transaction.

Frequently asked questions

What is the current guideline value of Rukumani Street?

The current guideline value of Rukumani Street is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Rukumani Street has increased from Rs 1,500 per sq.ft in 2023 to Rs 1,600 per sq.ft in 2024, marking a 7% increase. The value remained the same from 2012 to 2023.

What is the land classification of Rukumani Street?

Rukumani Street is classified as Residential Class III Type - I under the guideline value register.

Where can I find the registration office for Rukumani Street?

The registration office covering Rukumani Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Rukumani Street?

Stamp duty for properties in Rukumani Street is calculated based on the guideline value or the sale price, whichever is higher. For example, on a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 1,44,000.