Guideline Value for ABRAHAM ROYAL GARDEN

Abraham Royal Garden guideline value

The current guideline value of Abraham Royal Garden is Rs 1,650 per sq.ft, effective from 1 July 2024. This property is located in Puzhal village, under the Redhills SRO, and is classified as Residential Class I Type - I.

How the guideline value of Abraham Royal Garden has changed

Over the years, the guideline value for Abraham Royal Garden has seen several revisions. The 2012 revision set the value at Rs 1,500 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 1,005 per sq.ft. Following this, in 2023, the value increased to Rs 1,500 per sq.ft, and the latest revision in 2024 raised it further to Rs 1,650 per sq.ft, marking a 10% increase from the previous year.

Examining the changes between revisions, the increase from 2017 to 2023 was significant at 49%. However, the 2012 to 2017 period saw a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Puzhal

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

• Abraham Royal Garden Annex: 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

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 cost for these fees 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.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Abraham Royal Garden?

The Sub Registrar Office that covers Abraham Royal Garden 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 information.

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

The guideline value plays a crucial role during the registration of property transactions in Puzhal. It is used to determine the stamp duty and registration fees that must be paid by the buyer or seller during the registration process.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Abraham Royal Garden?

The current guideline value of Abraham Royal Garden is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,650 per sq.ft in 2024, showing an overall increase of 10% over this period.

What are the other streets in Puzhal with their guideline values?

Other streets in Puzhal include Abraham Royal Garden Annex and Ambathur Road, both at Rs 1,650 per sq.ft, while Aandal Nagar and Ambedkar Nagar are at Rs 1,102 per sq.ft.

What fees are associated with buying property in Abraham Royal Garden?

When buying property, the fees include stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Abraham Royal Garden located?

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