Guideline Value for Ruthirankoil East Street

Ruthirankoil East Street guideline value

The current guideline value of Ruthirankoil East Street is Rs 600 per sq.ft, effective from 1 July 2024. This street is located in Thirukalukundrem A village, under the Thirukazhukundram SRO, and is classified as Residential Class I Type - III.

How the guideline value of Ruthirankoil East Street has changed

The guideline value for Ruthirankoil East Street has seen several revisions over the years. The 2017 revision set the value at Rs 402 per sq.ft, which remained unchanged in the 2023 revision at Rs 600 per sq.ft. The 2024 revision also maintains this value at Rs 600 per sq.ft, indicating no change from the previous year. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012.

From 2017 to 2023, there was a significant increase of 49%. Overall, from 2017 to 2024, the guideline value has also increased by 49%, reflecting the same value in the latest revision as seen in 2023.

Guideline values in Thirukalukundrem A

In Thirukalukundrem A, there are 149 streets under the Thirukazhukundram SRO that carry a 2024 guideline value, ranging from Rs 300 to Rs 1,344 per sq.ft. The median guideline value for these streets is Rs 600 per sq.ft, which is the same as the guideline value for Ruthirankoil East Street.

• Ruthirankoil North Street: Rs 600 per sq.ft (2024)
• Ruthirankoil Sadras salai: Rs 805 per sq.ft (2024)
• Ruthirankoil Sannathi Street: Rs 700 per sq.ft (2024)
• Ruthirankoil West Street: Rs 600 per sq.ft (2024)
• R S Avenue: Rs 1,005 per sq.ft (2024)
• Sadras Salai: Rs 1,005 per sq.ft (2024)

Stamp duty and registration fee for property in Ruthirankoil East Street

For a 1,000 sq.ft plot at the current rate of Rs 600 per sq.ft, the guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, totaling Rs 54,000. It is important to note that the 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 Ruthirankoil East Street?

The Sub Registrar Office that covers Ruthirankoil East Street is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thirukalukundrem A. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately in the official registers.

When a property is sold, the guideline value helps establish the minimum price for which the property can be registered. This ensures transparency and fairness in property transactions, protecting both buyers and sellers in the real estate market.

Frequently asked questions

What is the current guideline value of Ruthirankoil East Street?

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

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft since 2023, with a significant increase of 49% from Rs 402 per sq.ft in 2017 to Rs 600 per sq.ft in 2023 and 2024.

What are the other streets in Thirukalukundrem A?

Other streets in Thirukalukundrem A include Ruthirankoil North Street, Ruthirankoil Sadras salai, Ruthirankoil Sannathi Street, Ruthirankoil West Street, R S Avenue, and Sadras Salai, each with their respective guideline values.

What is the stamp duty on property in Ruthirankoil East Street?

The stamp duty on property in Ruthirankoil East Street is 7% of the guideline value or sale price, whichever is higher. For a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000.

Where can I find the Sub Registrar Office for Ruthirankoil East Street?

The Sub Registrar Office for Ruthirankoil East Street is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone.