Guideline Value for RAJU ROYAL GARDEN EXTN

Raju Royal Garden Extn guideline value

The current guideline value of Raju Royal Garden Extn is Rs 600 per sq.ft, effective from 1 July 2024. This area is located in Palur-A village and falls under the Chengleput Joint II SRO. The land classification for this region is Mixed Special Type - I.

How the guideline value of Raju Royal Garden Extn has changed

In the 2017 revision, the guideline value was recorded at Rs 402 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 600 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 600 per sq.ft, showing no percentage change from the previous year. Overall, from 2017 to 2024, there has been a 49% increase in the guideline value.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street. The significant change from 2017 to 2023 was a 49% increase, bringing the value to Rs 600 per sq.ft in 2024.

Guideline values in Palur-A

In Palur-A, there are 44 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 600 per sq.ft, with a median value of Rs 400 per sq.ft. Raju Royal Garden Extn's 2024 guideline value is above this median.

• Raju Royal Garden: Rs 400 per sq.ft (2024)
• Rail Nagar: Rs 600 per sq.ft (2024)
• Rail Garden: Rs 600 per sq.ft (2024)
• Saba Garden: Rs 400 per sq.ft (2024)
• Sai Linga Nagar: Rs 400 per sq.ft (2024)
• Samuthuva Nagar: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Raju Royal Garden Extn

For a 1,000 sq.ft plot at the current rate of Rs 600 per sq.ft, the guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, totaling Rs 54,000. It is important to note that 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 Raju Royal Garden Extn?

The Sub Registrar Office that covers Raju Royal Garden Extn is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Palur-A

The guideline value is a crucial factor during the registration of property transactions in Palur-A. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value serves as a benchmark to ensure that the transaction is recorded accurately. Buyers and sellers must consider this value to understand the financial implications of their property dealings.

Frequently asked questions

What is the current guideline value of Raju Royal Garden Extn?

The current guideline value of Raju Royal Garden Extn is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

From 2017 to 2024, the guideline value increased by 49%, from Rs 402 per sq.ft to Rs 600 per sq.ft. There was no change from 2023 to 2024.

What is the land classification for Raju Royal Garden Extn?

The land classification for Raju Royal Garden Extn is Mixed Special Type - I. This classification can affect the usage and development potential of the land.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.

How is stamp duty calculated for properties in Raju Royal Garden Extn?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000 at a rate of 7%.