Guideline Value

Corporate

Guideline Value for ROYAL AVALON

₹3600/sq.ft.

The guideline value for Royal Avalon in 5. Athipattu village (Konnur SRO, Chennai zone) is Rs 3600 per sq.ft, effective 1 July 2024. It was Rs 3300 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

5. Athipattu

Village

Konnur

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹3600 /sq.ft.
From 1-4-2023 ₹3300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3300 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Register Office , Villivakkam Panchat,union Office Complex ,dunlop Bus Stop ,ambattur ,chennai
044-26173020
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]

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Royal Avalon guideline value

The current guideline value for Royal Avalon, located in 5. Athipattu village under the Konnur SRO, is Rs 3,600 per sq.ft. This value is effective from the 2024 revision, which came into effect on 1 July 2024. The land classification for this area is Residential Special Type - II.

How the guideline value of Royal Avalon has changed

Looking at the historical revisions, the guideline value for Royal Avalon has seen a change from Rs 3,300 per sq.ft in the 2023 revision to Rs 3,600 per sq.ft in the 2024 revision, marking an increase of 9%. Prior to that, the value remained unchanged at Rs 3,300 per sq.ft from the 2017 revision to the 2023 revision. Overall, from the 2017 revision to the 2024 revision, there has been an increase of 9% in the guideline value.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. The last recorded change before 2017 was in 2017, which set the value at Rs 3,300 per sq.ft, and this value persisted until the 2023 revision.

Guideline values in 5. Athipattu

In 5. Athipattu, there are 119 streets under the Konnur SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 7,650 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing the guideline value of Royal Avalon above this median.

Stamp duty and registration fee for property in Royal Avalon

For a 1,000 sq.ft plot at the current guideline value of Rs 3,600 per sq.ft, the total guideline value amounts to Rs 36,00,000. The stamp duty at 7% would be Rs 2,52,000, and the registration fee at 2% would be Rs 72,000, bringing the total cost for these fees to Rs 3,24,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Royal Avalon?

The Royal Avalon property falls under the jurisdiction of the Konnur Sub Registrar Office. The address for this office is Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai, in the Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 5. Athipattu

The guideline value plays a crucial role in the registration process when buying or selling property in 5. Athipattu. It serves as the basis for calculating the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When a buyer and seller agree on a sale price, the higher of the sale price or the guideline value is used to determine the applicable fees. This means that even if the sale price is lower than the guideline value, the buyer may still be liable for fees based on the guideline value.

Frequently asked questions

What is the current guideline value for Royal Avalon?

The current guideline value for Royal Avalon is Rs 3,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

From the 2017 revision to the 2024 revision, the guideline value increased by 9%, moving from Rs 3,300 per sq.ft to Rs 3,600 per sq.ft. There were no changes recorded between the 2017 and 2023 revisions.

What are the guideline values for other streets in 5. Athipattu?

The guideline values for other streets in 5. Athipattu range from Rs 1,100 to Rs 7,650 per sq.ft, with a median value of Rs 2,200 per sq.ft. Royal Avalon has a value above this median.

Where can I find the Konnur Sub Registrar Office?

The Konnur Sub Registrar Office is located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find more details by visiting the relevant link.

How is stamp duty calculated for properties in Royal Avalon?

Stamp duty for properties in Royal Avalon is calculated based on the higher of the guideline value or the sale price. For example, a property with a guideline value of Rs 36,00,000 would incur a stamp duty of Rs 2,52,000 at 7%.