Guideline Value for A.V.P ROYAL CASTLE

A.V.P Royal Castle guideline value

The current guideline value of A.V.P Royal Castle in Adhanoor village, under the Gooduvancheri SRO, is Rs 1,000 per sq.ft, effective from 1 July 2024. This property falls under the Residential Special Type - I land classification.

How the guideline value of A.V.P Royal Castle has changed

In the 2017 revision, the guideline value was set at Rs 670 per sq.ft. This figure remained unchanged until the 2023 revision, which also recorded a guideline value of Rs 1,000 per sq.ft. The most recent 2024 revision has kept the guideline value at Rs 1,000 per sq.ft, indicating no change from the previous year. There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, there was a significant increase of 49% in the guideline value, and overall, from 2017 to 2024, the increase remains at 49%. The guideline value has stabilized at Rs 1,000 per sq.ft since 2023.

Guideline values in Adhanoor

In Adhanoor, there are 169 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 670 to Rs 3,000 per sq.ft, with the median value being Rs 1,000 per sq.ft. A.V.P Royal Castle's 2024 guideline value matches this median.

• A.V.P. Nagar: Rs 1,000 per sq.ft (2024)
• Avp Garden: Rs 1,250 per sq.ft (2024)
• Avp Avenue Part V: Rs 1,250 per sq.ft (2024)
• A.V.P Avenue Part IV Extn-II: Rs 1,250 per sq.ft (2024)
• A.V.P Avenue Part-IV Extn-I: Rs 1,250 per sq.ft (2024)
• AVP Avenue Part IV: Rs 1,250 per sq.ft (2024)

Stamp duty and registration fee for property in A.V.P Royal Castle

For a 1,000 sq.ft plot at the current rate of Rs 1,000 per sq.ft, the guideline value amounts to 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 the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers A.V.P Royal Castle?

The A.V.P Royal Castle is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, in the Chengalpattu registration zone. To find your SRO, visit find your SRO.

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

The guideline value plays a crucial role in the registration of property transactions in Adhanoor. It determines the minimum value at which a property can be registered and is essential for calculating the stamp duty and registration fees applicable during the transaction.

When buying or selling a property, the guideline value ensures that the transaction is recorded at a fair value, helping to maintain transparency in property dealings. It is important for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of A.V.P Royal Castle?

The current guideline value of A.V.P Royal Castle 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 increased from Rs 670 per sq.ft in 2017 to Rs 1,000 per sq.ft in both 2023 and 2024, indicating a 49% increase over this period.

What is the land classification for A.V.P Royal Castle?

A.V.P Royal Castle is classified as Residential Special Type - I under the land classification system.

Where can I find the Sub Registrar Office for A.V.P Royal Castle?

The Gooduvancheri Sub Registrar Office covers A.V.P Royal Castle, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202.

How are stamp duty and registration fees calculated for properties?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot valued at Rs 1,000 per sq.ft results in a total guideline value of Rs 10,00,000, leading to specific stamp duty and registration fees.