Guideline Value for ABRAHAM ROYAL GARDEN ANNEX

Abraham Royal Garden Annex guideline value

The current guideline value of Abraham Royal Garden Annex is Rs 1,650 per sq.ft. This property is located in Puzhal village and falls under the Redhills SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Abraham Royal Garden Annex has changed

The guideline value for Abraham Royal Garden Annex has seen several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which was then revised down to Rs 1,005 per sq.ft in 2017. Following a significant increase, the 2023 revision brought the value back up to Rs 1,500 per sq.ft, and the latest revision in 2024 has increased it to Rs 1,650 per sq.ft. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a substantial increase of 49%. The current value of Rs 1,650 per sq.ft reflects a 10% increase from the previous year’s value of Rs 1,500 per sq.ft, and an overall increase of 10% from the 2012 revision.

Guideline values in Puzhal

In Puzhal, there are 270 streets under the Redhills SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value for these streets is Rs 1,102 per sq.ft, placing Abraham Royal Garden Annex above this median.

• Abraham Royal Garden: Rs 1,650 per sq.ft (2024)
• Aandal Nagar: Rs 1,102 per sq.ft (2024)
• Ambathur Road: Rs 1,650 per sq.ft (2024)
• Ambedkar Nagar: Rs 1,102 per sq.ft (2024)
• Ambedkar Road: Rs 1,100 per sq.ft (2024)
• Ambedkar Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Abraham Royal Garden Annex

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. It is important to 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 information.

Which Sub Registrar Office covers Abraham Royal Garden Annex?

The Sub Registrar Office that covers Abraham Royal Garden Annex is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more details.

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

The guideline value is an important factor when registering property transactions in Puzhal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the government’s records.

When a property is bought or sold, the guideline value helps in calculating the applicable stamp duty and registration fees. Buyers and sellers must be aware of this value to ensure compliance with local regulations and to avoid any legal issues during the registration process.

Frequently asked questions

What is the current guideline value of Abraham Royal Garden Annex?

The current guideline value of Abraham Royal Garden Annex is Rs 1,650 per sq.ft as of the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2023 to Rs 1,650 per sq.ft in 2024, marking a 10% increase. It was Rs 1,005 per sq.ft in 2017 and Rs 1,500 per sq.ft in 2012.

What is the land classification for Abraham Royal Garden Annex?

The land classification for Abraham Royal Garden Annex is Residential Class I Type - I.

Where is the Sub Registrar Office located for this area?

The Sub Registrar Office for Abraham Royal Garden Annex is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 16,50,000 would incur a stamp duty of Rs 1,15,500 at 7%.