Guideline Value for Revathi Nagar

Revathi Nagar guideline value

The current guideline value of Revathi Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is located in Adhanoor village under the Gooduvancheri SRO and is classified as Residential Special Type - I.

How the guideline value of Revathi Nagar has changed

The guideline value for Revathi Nagar has seen several revisions over the years. In 2007, the value was Rs 200 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012. This marked a 400% increase. However, from 2012 to 2017, the value decreased to Rs 670 per sq.ft, reflecting a 33% drop. The value then rose again to Rs 1,000 per sq.ft in 2023, remaining unchanged in the 2024 revision.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 400%.

Guideline values in Adhanoor

In Adhanoor, there are 169 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 670 to Rs 3,000 per sq.ft. The median value is Rs 1,000 per sq.ft, which is the same as the current guideline value for Revathi Nagar.

• Rks Avenue: Rs 1,000 per sq.ft (2024)
• R.K.S Sankara Avenue: Rs 1,000 per sq.ft (2024)
• Sai Avenue: Rs 1,000 per sq.ft (2024)
• Sakthi Garden: Rs 1,000 per sq.ft (2024)
• Sakthi Nagar: Rs 1,000 per sq.ft (2024)
• Saraswathi Avenue: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Revathi Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,000 per sq.ft, the guideline value would be Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. Please note that duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Revathi Nagar?

The Sub Registrar Office covering Revathi Nagar 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 Adhanoor

The guideline value is a crucial factor when buying or selling property in Adhanoor. It is used to determine the stamp duty and registration fees applicable during the property registration process. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the sale price.

When engaging in property transactions, it is essential to consult the guideline value to ensure compliance with local regulations and to understand the financial implications of the transaction. This value serves as a benchmark for property pricing in the area.

Frequently asked questions

What is the current guideline value of Revathi Nagar?

The current guideline value of Revathi Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012, then decreased to Rs 670 per sq.ft in 2017, and returned to Rs 1,000 per sq.ft in 2023 and 2024.

What is the land classification for Revathi Nagar?

Revathi Nagar is classified as Residential Special Type - I, which indicates its suitability for residential development.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How is stamp duty calculated in Revathi Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at Rs 1,000 per sq.ft would incur a total stamp duty and registration fee of Rs 90,000.