Guideline Value for O.A.ROYAL NAGAR

O.A.Royal Nagar guideline value

The current guideline value of O.A.Royal Nagar is Rs 3,960 per sq.ft, effective from 1 July 2024. This street is located in Mangadu-B village under the Kunrathur SRO, and the land classification is Mixed Special Type - III.

How the guideline value of O.A.Royal Nagar has changed

In the 2017 revision, the guideline value was Rs 2,412 per sq.ft. This figure increased to Rs 3,600 per sq.ft in the 2023 revision, marking a significant change of 49%. The most recent revision in 2024 saw the guideline value rise to Rs 3,960 per sq.ft, reflecting a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Mangadu-B

In Mangadu-B, there are 70 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,430 to Rs 4,300 per sq.ft. The median guideline value in this area is Rs 1,980 per sq.ft, and O.A.Royal Nagar's 2024 figure is above this median.

• Sri Balaji Nagar: Rs 2,200 per sq.ft (2024)
• Sri Kamatchi Nagar: Rs 1,750 per sq.ft (2024)
• Kalaimagal Nagar: Rs 2,000 per sq.ft (2024)
• Jeeva Nagar: Rs 1,550 per sq.ft (2024)
• Charles Nagar: Rs 1,750 per sq.ft (2024)
• Vlc Karikala Cholan Nagar: Rs 3,000 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,960 per sq.ft, the total guideline value would be Rs 39,60,000. The stamp duty at 7% would be Rs 2,77,200, and the registration fee at 2% would be Rs 79,200, totaling Rs 3,56,400. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers O.A.Royal Nagar?

The Sub Registrar Office that covers O.A.Royal Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Mangadu-B

The guideline value plays a crucial role in the property registration process in Mangadu-B. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is registered, the guideline value is considered to ensure that the transaction is recorded accurately. This value helps in assessing the financial implications for both buyers and sellers during the registration process.

Frequently asked questions

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

The current guideline value of O.A.Royal Nagar is Rs 3,960 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 2,412 per sq.ft to Rs 3,960 per sq.ft in 2024, marking an overall increase of 64%.

What is the land classification of O.A.Royal Nagar?

The land classification of O.A.Royal Nagar is Mixed Special Type - III.

What are the stamp duty and registration fees for a property in O.A.Royal Nagar?

For a property valued at Rs 39,60,000, the total stamp duty would be Rs 2,77,200, and the registration fee would be Rs 79,200, totaling Rs 3,56,400.

Where is the Sub Registrar Office for O.A.Royal Nagar located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069.