Guideline Value for RITHIKA ENCLAVE

Rithika Enclave guideline value

The current guideline value of Rithika Enclave, located in Kalvai village under the Thiruporur SRO, is Rs 400 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class I Type - I.

How the guideline value of Rithika Enclave has changed

The guideline value for Rithika Enclave has seen several revisions over the years. The 2012 revision set the value at Rs 400 per sq.ft, which remained unchanged in the 2023 revision. However, from 2017 to 2023, there was a significant increase of 49%, with the 2017 figure being Rs 268 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Overall, from 2012 to 2024, the guideline value has remained stable at Rs 400 per sq.ft. The 2024 revision shows no change from the previous year, maintaining the value at Rs 400 per sq.ft.

Guideline values in Kalvai

In Kalvai village, there are 31 streets under the Thiruporur SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 3,000 per sq.ft, with a median value of Rs 1,000 per sq.ft. Rithika Enclave's 2024 figure is below this median.

• Rithika Enclave Phase - II: Rs 400 per sq.ft (2024)
• Ramakrishna Avenue: Rs 1,800 per sq.ft (2024)
• Sanjay Nagar: Rs 1,000 per sq.ft (2024)
• Skandhaguru Avenue: Rs 3,000 per sq.ft (2024)
• Sk Avenue: Rs 701 per sq.ft (2024)
• S.K Avenue Phase II: Rs 701 per sq.ft (2024)

Stamp duty and registration fee for property in Rithika Enclave

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. 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 Enclave?

The Sub Registrar Office covering Rithika Enclave is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Kalvai, as it determines the amount of stamp duty and registration fees payable. Buyers and sellers must consider this value to ensure compliance with local regulations during the transaction process.

When a property is sold, the guideline value serves as the minimum benchmark for the sale price, ensuring that the transaction is recorded accurately. This value is essential for legal documentation and helps in maintaining transparency in property dealings.

Frequently asked questions

What is the current guideline value of Rithika Enclave?

The current guideline value of Rithika Enclave is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft since the 2012 revision, with a significant increase of 49% from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023.

What is the land classification for Rithika Enclave?

Rithika Enclave is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Rithika Enclave?

The Thiruporur Sub Registrar Office covers Rithika Enclave and is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Rithika Enclave?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000, resulting in a stamp duty of Rs 28,000.