Guideline Value for SRM RUKSUN

Srm Ruksun guideline value

The current guideline value of Srm Ruksun is Rs 150 per sq.ft, effective from 1 July 2024. This property is located in Karumarapakkam village, under the Thirukazhukundram SRO, and is classified as Residential Special Type - I.

How the guideline value of Srm Ruksun has changed

The guideline value for Srm Ruksun has undergone several revisions over the years. The 2017 revision set the value at Rs 100 per sq.ft. This remained unchanged until the 2023 revision, which also recorded the value at Rs 150 per sq.ft, reflecting a 50% increase from the previous figure. The 2024 revision maintained this value at Rs 150 per sq.ft, showing no change from 2023.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value increased by 50%.

Guideline values in Karumarapakkam

In Karumarapakkam, there are 8 streets under the Thirukazhukundram SRO that have a guideline value for 2024, ranging from Rs 120 to Rs 500 per sq.ft. The median guideline value for these streets is Rs 150 per sq.ft, which is equal to the guideline value of Srm Ruksun.

• J A Nagar: Rs 150 per sq.ft (2024)
• Eden Garden: Rs 130 per sq.ft (2024)
• Fathima Avenue: Rs 130 per sq.ft (2024)
• Gurusanthi Vijay G Nagar Phase -II: Rs 150 per sq.ft (2024)
• Sri Balaji Nagar: Rs 120 per sq.ft (2024)
• Srm Ruksn: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Srm Ruksun

For a 1,000 sq.ft plot at the current rate of Rs 150 per sq.ft, the guideline value would be Rs 1,50,000. The stamp duty at 7% would amount to Rs 10,500, and the registration fee at 2% would be Rs 3,000, totaling Rs 13,500. 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 Srm Ruksun?

The Srm Ruksun property falls under 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 Karumarapakkam

The guideline value is a crucial factor when registering property transactions in Karumarapakkam. It helps determine the stamp duty and registration fees that buyers and sellers are required to pay during the transaction process.

When purchasing property, the guideline value will be used to calculate the applicable stamp duty and registration fees, ensuring that all transactions adhere to the legal requirements set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Srm Ruksun?

The current guideline value of Srm Ruksun is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Srm Ruksun has remained at Rs 150 per sq.ft since the 2023 revision, which was also Rs 150 per sq.ft. The previous revision in 2017 set the value at Rs 100 per sq.ft, marking a 50% increase from 2017 to 2023.

What are the guideline values for other streets in Karumarapakkam?

Other streets in Karumarapakkam have varying guideline values ranging from Rs 120 to Rs 500 per sq.ft. The median value for these streets is Rs 150 per sq.ft, which is the same as that of Srm Ruksun.

What fees are associated with buying property in Srm Ruksun?

When buying property in Srm Ruksun, buyers must pay stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Srm Ruksun?

The Sub Registrar Office covering Srm Ruksun is the Thirukazhukundram SRO, located at Thiruchengode - 637 211, Chengalpattu registration zone.