Guideline Value for RITHIKA AVENUE EXTENSION -I

Rithika Avenue Extension -I guideline value

The current guideline value of Rithika Avenue Extension -I is Rs 800 per sq.ft, effective from 1 July 2024. This street is located in Kavanur village under the Gooduvancheri SRO, and it falls under the Residential Special Type - III land classification.

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

The guideline value for Rithika Avenue Extension -I has seen several revisions over the years. In the 2012 revision, the value was set at Rs 800 per sq.ft. This remained unchanged in the 2017 revision, where it was Rs 536 per sq.ft, marking a decrease of 33%. The value then increased by 49% to Rs 800 per sq.ft in the 2023 revision, and it has remained the same in the 2024 revision, showing no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has remained the same at Rs 800 per sq.ft.

Guideline values in Kavanur

Kavanur village has a total of 109 streets under the Gooduvancheri SRO that carry a 2024 guideline value, ranging from Rs 500 to Rs 2,239 per sq.ft. The median value for these streets is Rs 800 per sq.ft, which is equal to the current guideline value of Rithika Avenue Extension -I.

• Rithika Avenue Exten-II: Rs 800 per sq.ft (2024)
• Rithika Avenue Extension -II: Rs 800 per sq.ft (2024)
• Rithika Avenue Extension -III: 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 -I

For a 1,000 sq.ft plot at the current rate of Rs 800 per sq.ft, the 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, making the total Rs 72,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rithika Avenue Extension -I?

The Rithika Avenue Extension -I falls under the jurisdiction of the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-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 is a crucial factor in the registration process for property transactions in Kavanur. It serves as the basis for calculating the stamp duty and registration fees that buyers and sellers must pay during the registration of property transactions.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the correct amount of revenue from property transactions in the area.

Frequently asked questions

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

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

How has the guideline value changed over the years?

The guideline value has undergone several revisions, with the most recent being Rs 800 per sq.ft in 2024, which is the same as in 2023. The value increased from Rs 536 per sq.ft in 2017 to Rs 800 per sq.ft in 2023.

What are the other streets with the same guideline value in Kavanur?

Other streets in Kavanur with the same guideline value of Rs 800 per sq.ft include Rithika Avenue Exten-II and Rithika Avenue Extension -II and -III.

How is the stamp duty calculated for properties in Rithika Avenue Extension -I?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For instance, for a 1,000 sq.ft plot at Rs 800 per sq.ft, the total guideline value would be Rs 8,00,000.

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

The Sub Registrar Office covering Rithika Avenue Extension -I is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.