Guideline Value for Ruthirankoil West Street

Ruthirankoil West Street guideline value

The current guideline value of Ruthirankoil West Street is Rs 600 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 I Type - III.

How the guideline value of Ruthirankoil West Street has changed

The guideline value for Ruthirankoil West 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 recorded figures for this street in the revisions of 2002, 2003, 2007, and 2012.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2017 to the current 2024 figure, there has been a 49% increase as well, with no change from 2023 to 2024.

Guideline values in Thirukalukundrem A

In Thirukalukundrem A, there are 149 streets under the Thirukazhukundram SRO that have a 2024 guideline value, ranging from Rs 300 to Rs 1,344 per sq.ft. The median value among these streets is Rs 600 per sq.ft, which is equal to the guideline value of Ruthirankoil West Street.

• Ruthirankoil Sannathi Street: Rs 700 per sq.ft (2024)
• Ruthirankoil Sadras salai: Rs 805 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 West 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 higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ruthirankoil West Street?

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

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 of property transactions in Thirukalukundrem A. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When buying or selling property, it is essential to be aware of the current guideline value, as it directly influences the financial obligations associated with the transaction. Ensuring accurate assessment of the guideline value can help in understanding the overall costs involved in property dealings.

Frequently asked questions

What is the current guideline value of Ruthirankoil West Street?

The current guideline value of Ruthirankoil West 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 and has increased from Rs 402 per sq.ft in 2017, marking a 49% increase overall from 2017 to 2024.

What is the land classification for Ruthirankoil West Street?

The land classification for Ruthirankoil West Street is Residential Class I Type - III.

Where can I find more information about the Thirukazhukundram SRO?

More information about the Thirukazhukundram SRO can be found by visiting the relevant links provided for finding your SRO.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, and the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total fees would be Rs 54,000 based on the current guideline value.