Guideline Value for RATHIS AMARAVATHI

Rathis Amaravathi guideline value

The current guideline value of Rathis Amaravathi is Rs 600 per sq.ft, effective from 1 July 2024. This area falls under Kolathur village and is registered with the Chengleput Joint II SRO. The land classification for this street is Residential Special Type - I.

How the guideline value of Rathis Amaravathi has changed

Over the years, the guideline value of Rathis Amaravathi has seen several revisions. The 2012 revision set the guideline value at Rs 600 per sq.ft, which remained unchanged in the 2017 revision. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value to Rs 600 per sq.ft in 2023. The 2024 revision maintained this figure, showing no change from the previous year. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

In summary, the guideline value has fluctuated over the years. The 2012 figure of Rs 600 per sq.ft was followed by a decrease to Rs 402 per sq.ft in 2017, before returning to Rs 600 per sq.ft in 2023 and remaining the same in 2024. Overall, from 2012 to 2024, the guideline value shows no net change.

Guideline values in Kolathur

In Kolathur, there are 58 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 500 to Rs 1,600 per sq.ft, with a median value of Rs 600 per sq.ft. Rathis Amaravathi's 2024 figure aligns perfectly with this median.

• Raj Nagar: Rs 700 per sq.ft (2024)
• Rainbow Garden: Rs 1,344 per sq.ft (2024)
• Sare Realty Project Namely Meadowville: Rs 600 per sq.ft (2024)
• Sath Guru Garden (Avenue): Rs 600 per sq.ft (2024)
• Ponni Amman Nagar: Rs 600 per sq.ft (2024)
• Shenaha Garden: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Rathis Amaravathi

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, charged at 7%, would be Rs 42,000, while the registration fee at 2% would be Rs 12,000, bringing the total 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 further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rathis Amaravathi?

The Sub Registrar Office that covers Rathis Amaravathi is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, within the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kolathur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid at the time of registration. Buyers and sellers should be aware that the guideline value is used to ensure that the transaction is recorded accurately and fairly.

When a property is sold, the guideline value helps in assessing the appropriate taxes that need to be paid. This ensures that both parties are protected and that the government receives the necessary revenue from property transactions.

Frequently asked questions

What is the current guideline value of Rathis Amaravathi?

The current guideline value of Rathis Amaravathi 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 in 2023 and 2024, following a significant increase of 49% from Rs 402 per sq.ft in 2017. The 2012 figure was also Rs 600 per sq.ft.

What is the land classification for Rathis Amaravathi?

Rathis Amaravathi is classified as Residential Special Type - I, which indicates its suitability for residential development.

Where can I find the Chengleput Joint II SRO?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles registrations for properties in Rathis Amaravathi.

How is the stamp duty calculated for properties in Rathis Amaravathi?

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 incurs a total guideline value of Rs 6,00,000, leading to a stamp duty of Rs 42,000.