Guideline Value for Ruthirankoil Sannathi Street

Ruthirankoil Sannathi Street guideline value

The current guideline value of Ruthirankoil Sannathi Street is Rs 700 per sq.ft, effective from 1 July 2024. This street is located in Thirukalukundrem A village, under the Thirukazhukundram SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Ruthirankoil Sannathi Street has changed

The guideline value for Ruthirankoil Sannathi Street has undergone several revisions. The most recent revision in 2024 maintains the guideline value at Rs 700 per sq.ft, consistent with the 2023 revision. Prior to this, in 2017, the guideline value was Rs 469 per sq.ft, marking a significant increase of 49% from 2017 to 2023.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for Ruthirankoil Sannathi Street. Overall, from 2017 to the current 2024 revision, there has been a total increase of 49% in the guideline value.

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, with a median value of Rs 600 per sq.ft. Ruthirankoil Sannathi Street's guideline value of Rs 700 per sq.ft is above this median.

• Ruthirankoil Sadras salai: Rs 805 per sq.ft (2024)
• Ruthirankoil West Street: Rs 600 per sq.ft (2024)
• Ruthirankoil North Street: Rs 600 per sq.ft (2024)
• Ruthirankoil East 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 Sannathi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total fees to Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ruthirankoil Sannathi Street?

The Sub Registrar Office that covers Ruthirankoil Sannathi 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 applicable to the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ruthirankoil Sannathi Street?

The current guideline value of Ruthirankoil Sannathi Street is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained the same at Rs 700 per sq.ft from 2023 to 2024. However, from 2017 to 2023, it increased by 49% from Rs 469 per sq.ft.

What is the land classification for Ruthirankoil Sannathi Street?

The land classification for Ruthirankoil Sannathi Street is Residential Class III Type - I, indicating its designated use for residential purposes.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Ruthirankoil Sannathi Street is located at Thiruchengode - 637 211, Chengalpattu registration zone. This office handles all registrations for properties in the area.

How is stamp duty calculated for properties in Thirukalukundrem A?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 7,00,000, the stamp duty at 7% would be Rs 49,000.