Guideline Value for ROYAL AVENUE

Royal Avenue guideline value

The current guideline value of Royal Avenue in Thevariyampakkam village is Rs 350 per sq.ft, as per the 2023 revision. This street falls under the jurisdiction of the Walajabad SRO. There is no land classification provided for this area.

How the guideline value of Royal Avenue has changed

The guideline value of Royal Avenue has seen several revisions over the years. The most recent revision in 2023 set the value at Rs 350 per sq.ft. Prior to this, in 2017, the value was Rs 234 per sq.ft, marking a significant increase of 50% from 2017 to 2023. In 2012, the guideline value was Rs 350 per sq.ft, which indicates a decrease of 33% when compared to the 2017 figure.

Overall, comparing the values from 2012 to 2023, there has been no change, as the 2012 and 2023 values are the same at Rs 350 per sq.ft. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Thevariyampakkam

No specific village figures are provided for Thevariyampakkam. Currently, Royal Avenue is the only street mentioned under the Walajabad SRO.

Stamp duty and registration fee for property in Royal Avenue

For a 1,000 sq.ft plot at the current rate of Rs 350 per sq.ft, the guideline value amounts to Rs 3,50,000. The stamp duty, calculated at 7%, would be Rs 24,500, and the registration fee at 2% would be Rs 7,000. Together, the total cost for these fees would be Rs 31,500. 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 Royal Avenue?

The Royal Avenue falls under the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during the registration of property transactions in Thevariyampakkam. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on a standardized value.

When buying or selling property, the guideline value helps determine the financial obligations related to the transaction. Buyers and sellers should be aware of these values to ensure compliance with local regulations and to facilitate a smooth registration process.

Frequently asked questions

What is the current guideline value of Royal Avenue?

The current guideline value of Royal Avenue is Rs 350 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 350 per sq.ft in 2012 to Rs 234 per sq.ft in 2017, and then back to Rs 350 per sq.ft in 2023, reflecting a 50% increase from 2017 to 2023.

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

For a property valued at Rs 3,50,000, the stamp duty would be Rs 24,500 and the registration fee would be Rs 7,000, totaling Rs 31,500. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles the registration for Royal Avenue?

The Walajabad Sub Registrar Office handles the registration for Royal Avenue, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

Is there any land classification for Royal Avenue?

No land classification is provided for Royal Avenue in Thevariyampakkam, according to the available information.