Guideline Value for RAVI GARDEN

Ravi Garden guideline value

The current guideline value for Ravi Garden is Rs 120 per sq.ft, effective from the 2024 revision. This area is located in Kaarani village and falls under the Arani_Tiruvallur SRO. The land classification for this region is Residential Class III Type - I.

How the guideline value of Ravi Garden has changed

Over the years, the guideline value for Ravi Garden has seen several revisions. The earliest recorded revision is from 2017, where the guideline value was Rs 80 per sq.ft. This figure increased by 50% to Rs 120 per sq.ft in the 2023 revision, which remained unchanged in the 2024 revision.

There are no figures available for the years 2002, 2003, 2007, and 2012 for this street. The overall change from the 2017 revision to the 2024 revision is also a 50% increase, reflecting the stability in the guideline value over the last two revisions.

Guideline values in Kaarani

Currently, there are no specific village figures available for Kaarani. Ravi Garden is the only street mentioned under the Arani_Tiruvallur SRO. As such, there are no other streets in Kaarani listed with their respective rates.

Stamp duty and registration fee for property in Ravi Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 120 per sq.ft, the total guideline value amounts to Rs 1,20,000. The stamp duty at 7% would be Rs 8,400, and the registration fee at 2% would be Rs 2,400, bringing the total fees to Rs 10,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ravi Garden?

The Sub Registrar Office that covers Ravi Garden is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101, in the Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kaarani. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a property is sold, the buyer must pay the stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that all transactions are recorded accurately and fairly in the property register.

Frequently asked questions

What is the current guideline value of Ravi Garden?

The current guideline value of Ravi Garden is Rs 120 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 80 per sq.ft to Rs 120 per sq.ft in 2023 and remained the same in 2024. This represents a 50% increase over the years.

What are the stamp duty and registration fees for a property in Ravi Garden?

For a 1,000 sq.ft plot at the current rate of Rs 120 per sq.ft, the total guideline value is Rs 1,20,000. The stamp duty would be Rs 8,400, and the registration fee would be Rs 2,400, totaling Rs 10,800.

Which Sub Registrar Office covers Ravi Garden?

The Arani_Tiruvallur Sub Registrar Office covers Ravi Garden, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101.

Are there other streets in Kaarani with guideline values?

Currently, there are no other streets in Kaarani listed with their respective guideline values. Ravi Garden is the only street mentioned under the Arani_Tiruvallur SRO.