Guideline Value for RITHIKA AVENUE EXTENSION -II

Rithika Avenue Extension -II guideline value

The current guideline value for Rithika Avenue Extension -II is Rs 800 per sq.ft, effective from 1 July 2024. This area is located in Kavanur village, under the Gooduvancheri SRO, and is classified as Residential Special Type - III.

How the guideline value of Rithika Avenue Extension -II has changed

The guideline value for Rithika Avenue Extension -II has undergone several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which remained unchanged in the 2017 revision. However, the 2017 revision saw a significant increase from the 2012 figure of Rs 800 per sq.ft to Rs 536 per sq.ft, marking a decrease of 33%. The 2023 revision maintained the value at Rs 800 per sq.ft, and the current revision for 2024 also stands at Rs 800 per sq.ft, indicating no change from the previous year.

In summary, the guideline value has seen a 49% increase from Rs 536 per sq.ft in 2017 to Rs 800 per sq.ft in 2023 and 2024. There are no registered figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kavanur

Kavanur village has a total of 109 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 500 to Rs 2,239 per sq.ft. The median value for these streets is Rs 800 per sq.ft, which aligns with the current guideline value for Rithika Avenue Extension -II.

• Rithika Avenue Extension -I: Rs 800 per sq.ft (2024)
• Rithika Avenue Extension -III: Rs 800 per sq.ft (2024)
• Rithika Avenue Exten-II: Rs 800 per sq.ft (2024)
• Rithika Garden Phase I: Rs 1,000 per sq.ft (2024)
• Rithika Garden Phase - II: Rs 1,000 per sq.ft (2024)
• Rithika Garden Phase -V: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Rithika Avenue Extension -II

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 8,00,000. The stamp duty at 7% would amount to Rs 56,000, and the registration fee at 2% would be Rs 16,000. Together, the total cost for these fees would be Rs 72,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rithika Avenue Extension -II?

The Sub Registrar Office that covers Rithika Avenue Extension -II is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kavanur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately.

When a property is sold, the guideline value is used to compute the stamp duty and registration fees. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Rithika Avenue Extension -II?

The current guideline value for Rithika Avenue Extension -II is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 800 per sq.ft in the 2012, 2023, and 2024 revisions. It increased from Rs 536 per sq.ft in 2017, marking a 49% rise since then. There are no figures for the years 2002, 2003, and 2007.

What is the median guideline value for Kavanur?

The median guideline value for Kavanur is Rs 800 per sq.ft, which is the same as the current guideline value for Rithika Avenue Extension -II.

What are the stamp duty and registration fees for a property in Rithika Avenue Extension -II?

For a 1,000 sq.ft plot, the total guideline value would be Rs 8,00,000. The stamp duty would be Rs 56,000, and the registration fee would be Rs 16,000, totaling Rs 72,000.

Where can I find the Sub Registrar Office for Rithika Avenue Extension -II?

The Gooduvancheri Sub Registrar Office covers Rithika Avenue Extension -II, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.