Guideline Value for RAJU ROYAL GARDEN

Raju Royal Garden guideline value

The current guideline value of Raju Royal Garden is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Palur-A village under the Chengleput Joint II SRO, and is classified as Residential Special Type - I.

How the guideline value of Raju Royal Garden has changed

Over the years, the guideline value of Raju Royal Garden has seen significant changes. The most recent revision in 2024 maintains the guideline value at Rs 400 per sq.ft, which is the same as the 2023 revision. The earlier revision in 2017 recorded a guideline value of Rs 268 per sq.ft, marking a 49% increase from 2017 to 2023 and an overall increase of 49% from 2017 to 2024.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street. This lack of data highlights the changes in property valuation over the years, with the most significant jump occurring between 2017 and 2023.

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. The median value for these streets is Rs 400 per sq.ft, making Raju Royal Garden's 2024 figure equal to this median.

• Raju Royal Garden Extn: Rs 600 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

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The applicable stamp duty at 7% would be Rs 28,000, while the registration fee at 2% would be Rs 8,000, bringing the total to Rs 36,000. 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 details.

Which Sub Registrar Office covers Raju Royal Garden?

The Raju Royal Garden area is covered by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, within the 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 in the registration process of property transactions in Palur-A. It serves as the basis for calculating stamp duty and registration fees, ensuring that the property is valued appropriately according to government standards.

When buying or selling property, the guideline value helps determine the financial obligations involved in the transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with the registration requirements.

Frequently asked questions

What is the current guideline value of Raju Royal Garden?

The current guideline value of Raju Royal Garden is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft from 2023 to 2024, while it increased from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023, marking a 49% increase over that period.

What are the other streets in Palur-A with their guideline values?

Other streets in Palur-A include Raju Royal Garden Extn, Rail Nagar, Rail Garden, Saba Garden, Sai Linga Nagar, and Samuthuva Nagar, with values ranging from Rs 400 to Rs 600 per sq.ft in 2024.

What are the stamp duty and registration fees for Raju Royal Garden?

For a 1,000 sq.ft plot, the total guideline value is Rs 4,00,000. The stamp duty would be Rs 28,000 and the registration fee would be Rs 8,000, totaling Rs 36,000.

Which office handles registrations for Raju Royal Garden?

The Chengleput Joint II Sub Registrar Office handles registrations for Raju Royal Garden, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.