Guideline Value for Rukumaniyammal Street

Rukumaniyammal Street guideline value

The current guideline value of Rukumaniyammal Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Hastinapuram village under the Pallavaram SRO, classified as Residential Class III Type - I.

How the guideline value of Rukumaniyammal Street has changed

The guideline value for Rukumaniyammal Street has undergone several revisions since 2007. In the 2007 revision, the value was Rs 400 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012, marking a 275% increase. However, in the 2017 revision, the value dropped to Rs 1,005 per sq.ft, reflecting a decrease of 33%. The value then rose to Rs 1,500 per sq.ft in 2023, and most recently, it increased by 10% to Rs 1,650 per sq.ft in the 2024 revision.

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 313%.

Guideline values in Hastinapuram

In Hastinapuram, there are 277 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 1,650 to Rs 4,400 per sq.ft, with a median value of Rs 2,970 per sq.ft. Rukumaniyammal Street's 2024 guideline value is below this median.

• R.P.Road (Part)(Upto Garava Nagar Bus Stand): Rs 4,400 per sq.ft (2024)
• Sagundalabaiammal Street: Rs 1,650 per sq.ft (2024)
• R.K. Nagar: Rs 2,420 per sq.ft (2024)
• Rangasamy Street: Rs 2,970 per sq.ft (2024)
• Ranganathan Street: Rs 2,970 per sq.ft (2024)
• Ranganathan Cross Street: Rs 2,970 per sq.ft (2024)

Stamp duty and registration fee for property in Rukumaniyammal Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total charges to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Rukumaniyammal Street?

The Sub Registrar Office that covers Rukumaniyammal Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Hastinapuram. It serves as a benchmark for determining the value of the property for taxation purposes, including stamp duty and registration fees.

When a property is sold, the guideline value helps ensure that the sale price reflects the fair valuation of the property. Buyers and sellers must consider the guideline value to accurately calculate the associated costs during the transaction.

Frequently asked questions

What is the current guideline value of Rukumaniyammal Street?

The current guideline value of Rukumaniyammal Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 400 per sq.ft to Rs 1,650 per sq.ft in 2024, reflecting a total increase of 313% over the years.

What is the land classification of Rukumaniyammal Street?

Rukumaniyammal Street is classified as Residential Class III Type - I under the Pallavaram SRO.

Where can I find the registration office for Rukumaniyammal Street?

The registration office for Rukumaniyammal Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

What is the stamp duty rate for properties in Rukumaniyammal Street?

The stamp duty rate for properties in Rukumaniyammal Street is 7%, and it is calculated based on the higher of the guideline value or the sale price.