Guideline Value for Rithika Garden Phase -VII

Rithika Garden Phase -VII guideline value

The current guideline value for Rithika Garden Phase -VII is Rs 1,000 per sq.ft. This property is located in Kavanur village, under the Gooduvancheri SRO, and is classified as Residential Special Type - IV.

How the guideline value of Rithika Garden Phase -VII has changed

The guideline value for Rithika Garden Phase -VII has remained stable at Rs 1,000 per sq.ft since the 2023 revision, which also recorded the same value. Prior to that, in the 2017 revision, the guideline value was Rs 670 per sq.ft. This indicates a significant increase of 49% from 2017 to 2023, and the overall change from 2017 to 2024 is also +49%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The stability in the current guideline value reflects the consistent valuation over the last two revisions.

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 guideline value for these streets is Rs 800 per sq.ft, placing Rithika Garden Phase -VII above this median.

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

Stamp duty and registration fee for property in Rithika Garden Phase -VII

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, while the registration fee at 2% would be Rs 20,000, resulting in a total of Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rithika Garden Phase -VII?

The Rithika Garden Phase -VII is covered by 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 during property registration in Kavanur. It serves as a benchmark for determining the minimum value at which a property can be sold or bought, ensuring that the transaction is recorded accurately.

When registering a property, the guideline value is used to calculate applicable fees, including stamp duty and registration fees. This ensures that both the buyer and seller are aware of their financial obligations during the transaction process.

Frequently asked questions

What is the current guideline value for Rithika Garden Phase -VII?

The current guideline value for Rithika Garden Phase -VII 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 remained at Rs 1,000 per sq.ft since the 2023 revision. It increased from Rs 670 per sq.ft in 2017, showing a 49% increase over the years.

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

Other streets in Kavanur with the same guideline value of Rs 1,000 per sq.ft include Rithika Garden Phase -VI, Rithika Garden Phase -V, Rithika Garden Phase -II, and Rithika Garden Phase I.

What is the registration fee for properties in Rithika Garden Phase -VII?

The registration fee for properties in Rithika Garden Phase -VII is calculated at 2% of the guideline value. For a property valued at Rs 10,00,000, the registration fee would be Rs 20,000.

Where can I find the Sub Registrar Office for Rithika Garden Phase -VII?

The Sub Registrar Office covering Rithika Garden Phase -VII is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.