Guideline Value for ROYAL CROWN PHASE - II

Royal Crown Phase - II guideline value

The current guideline value of Royal Crown Phase - II is Rs 1,100 per sq.ft. This property is located in Nemam_B village, under the Avadi SRO, and is classified as Residential Special Type - II.

How the guideline value of Royal Crown Phase - II has changed

According to the register, there are no figures for the years 2002, 2003, 2007, 2012, and 2017 for this street. The guideline value was Rs 1,000 per sq.ft in the 2023 revision, which increased to Rs 1,100 per sq.ft in the 2024 revision, marking a change of +10%.

The current guideline value reflects the latest revision effective from 1 July 2024. This increase indicates a shift in valuation compared to the previous year.

Guideline values in Nemam_B

In Nemam_B, there are 24 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 330 to Rs 3,500 per sq.ft. The median value for these streets is Rs 935 per sq.ft, positioning Royal Crown Phase - II above this median.

• Royal Crown: Rs 1,100 per sq.ft (2024)
• Rajalakshmi Nagar: Rs 440 per sq.ft (2024)
• Rajalakshmi Enclave Phase - II: Rs 550 per sq.ft (2024)
• Rajalakshmi Enclave Phase I: Rs 550 per sq.ft (2024)
• Radha Nagar: Rs 710 per sq.ft (2024)
• New Metro City Annex - S.No.755/2: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Royal Crown Phase - II

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Royal Crown Phase - II?

The Royal Crown Phase - II falls under the Avadi Sub Registrar Office located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property. It serves as the basis for calculating stamp duty and registration fees, ensuring that the transaction is officially recorded and taxed appropriately.

When you register a property, the guideline value will determine the minimum value on which these fees are calculated. This means that even if the sale price is lower, the fees will be based on the guideline value if it is higher.

Frequently asked questions

What is the current guideline value of Royal Crown Phase - II?

The current guideline value of Royal Crown Phase - II is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value was Rs 1,000 per sq.ft in 2023 and increased by 10% to Rs 1,100 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017 for this street.

What is the land classification of Royal Crown Phase - II?

Royal Crown Phase - II is classified as Residential Special Type - II, indicating its designated use within the local planning framework.

How is stamp duty calculated for properties in Royal Crown Phase - II?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the guideline value is Rs 11,00,000, leading to a stamp duty of Rs 77,000 at 7%.

Where can I find the Sub Registrar Office for this property?

The Sub Registrar Office covering Royal Crown Phase - II is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.