Guideline Value for Ruthirankoil North Street

Ruthirankoil North Street guideline value

The current guideline value of Ruthirankoil North 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 falls under the Residential Class I Type - III land classification.

How the guideline value of Ruthirankoil North Street has changed

The guideline value for Ruthirankoil North Street has seen several revisions over the years. The most recent revision in 2024 maintains the value at Rs 600 per sq.ft, which is the same as the 2023 revision. Prior to that, in 2017, the guideline value was Rs 402 per sq.ft. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

When examining the changes, from 2017 to 2023, there was a significant increase of 49%. However, from 2023 to 2024, there has been no change, resulting in an overall increase of 49% from 2017 to 2024.

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 value for these streets is Rs 600 per sq.ft, which is the same as the guideline value for Ruthirankoil North Street.

• Ruthirankoil East 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 North Street

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total 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, bringing the total cost for these fees to Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ruthirankoil North Street?

The Sub Registrar Office that covers Ruthirankoil North 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 critical factor during the registration of property transactions in Thirukalukundrem A. It serves as a benchmark for determining the minimum value at which property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

Frequently asked questions

What is the current guideline value of Ruthirankoil North Street?

The current guideline value of Ruthirankoil North 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 from 2023 to 2024, while it increased from Rs 402 per sq.ft in 2017 to Rs 600 per sq.ft in 2023, marking a 49% increase overall from 2017 to 2024.

What is the land classification for Ruthirankoil North Street?

Ruthirankoil North Street is classified under Residential Class I Type - III.

Where can I find more information about the registration office?

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

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 600 per sq.ft would incur a total guideline value of Rs 6,00,000, resulting in a stamp duty of Rs 42,000 and a registration fee of Rs 12,000.