Guideline Value for Revathipuram

Revathipuram guideline value

The current guideline value of Revathipuram is Rs 1,500 per sq.ft. This area is located in Ayyencheri village and falls under the Gooduvancheri SRO. The land classification for this region is Residential Special Type - II.

How the guideline value of Revathipuram has changed

The guideline value for Revathipuram has seen several revisions over the years. In 2007, the guideline value was Rs 750 per sq.ft, which increased to Rs 1,500 per sq.ft in 2012, marking a 100% rise. However, between 2012 and 2017, the value decreased by 33% to Rs 1,005 per sq.ft. The most recent revision in 2023 set the guideline value back to Rs 1,500 per sq.ft, reflecting a 49% increase from the 2017 figure.

Overall, from 2007 to 2023, the guideline value has increased by 100%. It is important to note that the register has no figures for the years 2002, 2003, and 2024 for this street.

Guideline values in Ayyencheri

Currently, there are no specific village figures available for Ayyencheri. Revathipuram is one of the streets under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Revathipuram

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value amounts to Rs 15,00,000. The stamp duty, charged at 7%, would be Rs 1,05,000, while the registration fee at 2% would be Rs 30,000. Together, the total cost for stamp duty and registration would be Rs 1,35,000. 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 Revathipuram?

The Sub Registrar Office that covers Revathipuram is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. For more information, you can find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Ayyencheri. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately and fairly. Buyers and sellers should be aware of the current guideline value to calculate their costs effectively during the registration process.

Frequently asked questions

What is the current guideline value of Revathipuram?

The current guideline value of Revathipuram is Rs 1,500 per sq.ft as per the 2023 revision.

How much has the guideline value changed over the years?

The guideline value has changed significantly, going from Rs 750 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2012, then decreasing to Rs 1,005 per sq.ft in 2017, and returning to Rs 1,500 per sq.ft in 2023.

Are there any other streets in Ayyencheri with guideline values?

Currently, there are no specific figures available for other streets in Ayyencheri under the Gooduvancheri SRO.

What are the stamp duty and registration fees for Revathipuram?

The stamp duty for a property in Revathipuram is 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,35,000.

Which office registers properties in Revathipuram?

The Gooduvancheri Sub Registrar Office is responsible for registering properties in Revathipuram. It is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.