Guideline Value for REVATHY GRANTLYON

Revathy Grantlyon guideline value

The current guideline value of Revathy Grantlyon is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Grandlyon village, under the Redhills SRO, and is classified as Residential Special Type - I.

How the guideline value of Revathy Grantlyon has changed

The guideline value for Revathy Grantlyon has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 880 per sq.ft, reflecting a 10% increase from the previous year's figure of Rs 800 per sq.ft established in 2023. Prior to these revisions, the register has no figures for this street for the years 2017, 2012, 2007, 2003, and 2002.

In summary, the guideline value rose from Rs 800 per sq.ft in 2023 to Rs 880 per sq.ft in 2024. The historical revisions have not provided any figures for the years mentioned, indicating a lack of recorded guideline values for Revathy Grantlyon during those periods.

Guideline values in Grandlyon

In Grandlyon village, there are 82 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 1,500 per sq.ft, with a median value of Rs 660 per sq.ft. The guideline value for Revathy Grantlyon is above this median, indicating a higher valuation compared to many other streets in the area.

• Rajiv Gandhi Street: Rs 660 per sq.ft (2024)
• Senthil Nagar: Rs 880 per sq.ft (2024)
• Sheelo Nagar: Rs 440 per sq.ft (2024)
• Silvar Nagar: Rs 660 per sq.ft (2024)
• Pillaiyar Koil Street: Rs 660 per sq.ft (2024)
• Sri Jayamohan Nagar: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Revathy Grantlyon

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, leading to a total of Rs 79,200. It is important to note that 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 Revathy Grantlyon?

The Sub Registrar Office that covers Revathy Grantlyon is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more details.

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

The guideline value is a critical factor in the registration process when buying or selling property in Grandlyon. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that all transactions adhere to the prescribed values set by the Registration Department.

Frequently asked questions

What is the current guideline value of Revathy Grantlyon?

The current guideline value of Revathy Grantlyon is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value changed from Rs 800 per sq.ft in 2023 to Rs 880 per sq.ft in 2024. There are no recorded figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification of Revathy Grantlyon?

Revathy Grantlyon is classified as Residential Special Type - I. This classification can affect the types of developments allowed in the area.

What are the stamp duty and registration fees for property in Revathy Grantlyon?

For a 1,000 sq.ft plot at the guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty would be Rs 61,600 and the registration fee would be Rs 17,600, totaling Rs 79,200.

Which office handles registrations for Revathy Grantlyon?

The Redhills Sub Registrar Office handles registrations for Revathy Grantlyon. It is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.