Guideline Value for ROYAL AVENUE

Royal Avenue guideline value

The current guideline value of Royal Avenue, located in Karanaipuducheri village under the Gooduvancheri SRO, is Rs 2,239 per sq.ft. The land classification for this area is Mixed Special Type - II.

How the guideline value of Royal Avenue has changed

The guideline value for Royal Avenue has undergone several revisions over the years. The most recent revision, effective from 1 July 2024, maintains the guideline value at Rs 2,239 per sq.ft, which is the same as the 2023 revision. Prior to that, in 2017, the guideline value was Rs 1,500 per sq.ft, marking a significant increase of 49% from 2017 to 2023.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. Overall, from 2017 to 2024, the guideline value has increased by 49%, reflecting the same change observed from 2017 to 2023.

Guideline values in Karanaipuducheri

In Karanaipuducheri, there are 108 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,239 per sq.ft. The median guideline value for these streets is Rs 802 per sq.ft, placing Royal Avenue's 2024 figure above this median.

• R.V Nagar: Rs 1,200 per sq.ft (2024)
• Sai Empire: Rs 1,650 per sq.ft (2024)
• Sai Empire(349/13,14): Rs 1,650 per sq.ft (2024)
• Sai Empire(350/10a3a,10b3a): Rs 1,200 per sq.ft (2024)
• Sairam Nagar: Rs 701 per sq.ft (2024)
• Sai Ram Nagar Extension-I: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Royal Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 2,239 per sq.ft, the total guideline value amounts to Rs 22,39,000. The stamp duty at 7% would be Rs 1,56,730, and the registration fee at 2% would be Rs 44,780, bringing the total cost for these fees to Rs 2,01,510. 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 Royal Avenue?

The Sub Registrar Office covering Royal Avenue is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, in the Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Karanaipuducheri, the guideline value is a crucial factor in determining the stamp duty and registration fees. The fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the transaction is officially recorded at an appropriate value.

Understanding the guideline value is essential for both buyers and sellers, as it impacts the overall cost of the transaction. It is advisable to consult the guideline value register to ensure compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Royal Avenue?

The current guideline value of Royal Avenue is Rs 2,239 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 1,500 per sq.ft to Rs 2,239 per sq.ft, reflecting a 49% increase overall by 2024. The value remained unchanged from 2023 to 2024.

What is the land classification for Royal Avenue?

The land classification for Royal Avenue is Mixed Special Type - II, which is important for understanding the zoning and potential uses of the land.

What are the stamp duty and registration fees for property in Royal Avenue?

For a property valued at Rs 22,39,000, the stamp duty would be Rs 1,56,730 and the registration fee would be Rs 44,780, totaling Rs 2,01,510. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for Royal Avenue?

The Gooduvancheri Sub Registrar Office handles registrations for Royal Avenue, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202.