Guideline Value for Ruthirankoil Sadras salai

Ruthirankoil Sadras salai guideline value

The current guideline value of Ruthirankoil Sadras salai is Rs 805 per sq.ft, effective from 1 July 2024. This street is located in Thirukalukundrem A village, under the Thirukazhukundram SRO, and is classified as Mixed Type - III land.

How the guideline value of Ruthirankoil Sadras salai has changed

The guideline value for Ruthirankoil Sadras salai has undergone several revisions over the years. The 2017 revision set the value at Rs 536 per sq.ft, which increased to Rs 800 per sq.ft in 2023. The current figure of Rs 805 per sq.ft reflects a 1% increase from the 2023 revision. The register has no figures for the years 2002, 2003, 2007, and 2012.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%, and overall, from 2017 to 2024, the guideline value has risen by 50%.

Guideline values in Thirukalukundrem A

In Thirukalukundrem A, there are 149 streets under the Thirukazhukundram SRO with a 2024 guideline value range from Rs 300 to Rs 1,344 per sq.ft. The median value for these streets is Rs 600 per sq.ft, placing Ruthirankoil Sadras salai above this median.

• Ruthirankoil North Street: Rs 600 per sq.ft (2024)
• Ruthirankoil Sannathi Street: Rs 700 per sq.ft (2024)
• Ruthirankoil East Street: Rs 600 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 Sadras salai

For a 1,000 sq.ft plot at the current guideline value of Rs 805 per sq.ft, the total guideline value would be Rs 8,05,000. The stamp duty at 7% would amount to Rs 56,350, and the registration fee at 2% would be Rs 16,100, resulting in a total cost of Rs 72,450. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ruthirankoil Sadras salai?

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

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Thirukalukundrem A, this value is used to calculate the stamp duty and registration fees that must be paid during the registration process.

It is essential for buyers and sellers to be aware of the current guideline value, as it ensures compliance with legal requirements and helps in determining the financial obligations associated with property transactions.

Frequently asked questions

What is the current guideline value of Ruthirankoil Sadras salai?

The current guideline value of Ruthirankoil Sadras salai is Rs 805 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 536 per sq.ft in 2017 to Rs 800 per sq.ft in 2023, and now to Rs 805 per sq.ft in 2024. The overall increase from 2017 to 2024 is 50%.

What are the guideline values of other streets in Thirukalukundrem A?

Other streets in Thirukalukundrem A have varying guideline values, with Ruthirankoil North Street at Rs 600 per sq.ft, Ruthirankoil Sannathi Street at Rs 700 per sq.ft, and R S Avenue at Rs 1,005 per sq.ft, among others.

What is the stamp duty for property in Ruthirankoil Sadras salai?

The stamp duty for property in Ruthirankoil Sadras salai is calculated at 7% of the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot, the stamp duty would be Rs 56,350.

Which office handles property registration for Ruthirankoil Sadras salai?

The Thirukazhukundram Sub Registrar Office handles property registration for Ruthirankoil Sadras salai, located at Thiruchengode - 637 211, Chengalpattu registration zone.