Guideline Value for A.A.Royal Nagar Phase II

A.A.Royal Nagar Phase II guideline value

The current guideline value of A.A.Royal Nagar Phase II is Rs 800 per sq.ft. This area is located in Vengadamangalam village and falls under the Gooduvancheri SRO. The land classification for this property is Residential Special Type - II.

How the guideline value of A.A.Royal Nagar Phase II has changed

The guideline value for A.A.Royal Nagar Phase II has seen several revisions over the years. In the 2012 revision, the value was set at Rs 800 per sq.ft. However, in the 2017 revision, it decreased to Rs 536 per sq.ft, reflecting a change of -33%. The most recent revision in 2023 increased the guideline value to Rs 800 per sq.ft, marking an increase of 49% from the 2017 figure.

It is important to note that there are no figures available for the 2024, 2007, 2003, and 2002 revisions for this street.

Guideline values in Vengadamangalam

Currently, there are no specific guideline values available for other streets in Vengadamangalam. A.A.Royal Nagar Phase II is the only street mentioned under the Gooduvancheri SRO.

Stamp duty and registration fee for property in A.A.Royal Nagar Phase II

For a 1,000 sq.ft plot at the current rate of Rs 800 per sq.ft, the guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000. Together, the total cost for stamp duty and registration would be 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 the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers A.A.Royal Nagar Phase II?

The Sub Registrar Office that covers A.A.Royal Nagar Phase II 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 details.

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

The guideline value is a crucial factor during property transactions in Vengadamangalam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When buying or selling property, the guideline value helps in determining the legal documentation and financial obligations involved in the transaction. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of A.A.Royal Nagar Phase II?

The current guideline value of A.A.Royal Nagar Phase II is Rs 800 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then back to Rs 800 per sq.ft in 2023. This reflects a decrease of -33% from 2012 to 2017 and an increase of 49% from 2017 to 2023.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 8,00,000, the stamp duty would be Rs 56,000 and the registration fee would be Rs 16,000, totaling Rs 72,000. Duty is charged on the higher of the guideline value or the sale price.

Which office handles property registrations in A.A.Royal Nagar Phase II?

The Gooduvancheri Sub Registrar Office handles property registrations in A.A.Royal Nagar Phase II, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

Are there other streets with guideline values in Vengadamangalam?

Currently, there are no specific guideline values available for other streets in Vengadamangalam. A.A.Royal Nagar Phase II is the only street mentioned under the Gooduvancheri SRO.