Guideline Value for A.T.S. ROYAL GARDEN

A.T.S. Royal Garden guideline value

The current guideline value of A.T.S. Royal Garden, located in Karunilam village, is Rs 700 per sq.ft. This value is effective from the 2024 revision and falls under the Residential Special Type - I land classification. The property is registered with the Chengleput Joint II SRO.

How the guideline value of A.T.S. Royal Garden has changed

In the 2012 revision, the guideline value was set at Rs 700 per sq.ft. This figure remained unchanged in the subsequent revisions up to 2023. However, from the 2017 revision, where the value was Rs 469 per sq.ft, there was a significant increase of 49% to reach Rs 700 per sq.ft in 2023. The 2024 revision also maintained the value at Rs 700 per sq.ft, showing no change from the previous year.

It is important to note that the register does not have figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained at Rs 700 per sq.ft, indicating stability over this period.

Guideline values in Karunilam

In Karunilam village, there are 35 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 1,200 per sq.ft. The median value for these streets is Rs 501 per sq.ft, and A.T.S. Royal Garden's 2024 figure is above this median.

• Boopathy Nagar: Rs 500 per sq.ft (2024)
• Boopathy Nagar Phase-I: Rs 500 per sq.ft (2024)
• Boopathy Nagar Phase-II: Rs 500 per sq.ft (2024)
• Chennai Metropolitan Co-Op Society: Rs 700 per sq.ft (2024)
• Dr.Apj Abdulkalam Nagar: Rs 700 per sq.ft (2024)
• Mahalakshmi nagar: Rs 501 per sq.ft (2024)

Stamp duty and registration fee for property in A.T.S. Royal Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, while the registration fee at 2% would be Rs 14,000. Together, the total fees would be Rs 63,000. 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 A.T.S. Royal Garden?

The A.T.S. Royal Garden is covered by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when buying or selling property in Karunilam. It serves as a benchmark for determining the minimum price at which a property can be registered. This value is used to calculate stamp duty and registration fees, ensuring that the transaction is legally compliant.

When you register a property, the guideline value helps in assessing the financial obligations involved in the transaction. Buyers and sellers must be aware of this value to understand the costs associated with property transactions in the area.

Frequently asked questions

What is the current guideline value of A.T.S. Royal Garden?

The current guideline value of A.T.S. Royal Garden is Rs 700 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has remained at Rs 700 per sq.ft from 2012 to 2024, with a significant increase from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023.

What is the land classification for A.T.S. Royal Garden?

A.T.S. Royal Garden is classified as Residential Special Type - I, which indicates its intended use for residential purposes.

What are the stamp duty and registration fees for A.T.S. Royal Garden?

For a 1,000 sq.ft plot, the total guideline value is Rs 7,00,000. The stamp duty is Rs 49,000, and the registration fee is Rs 14,000, totaling Rs 63,000.

Which office handles registrations for properties in Karunilam?

The Chengleput Joint II Sub Registrar Office handles registrations for properties in Karunilam, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.