Guideline Value for ROYAL CROWN

Royal Crown guideline value

The current guideline value for Royal Crown in Nemam_B village under the Avadi SRO is Rs 1,100 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - II.

How the guideline value of Royal Crown has changed

The guideline value for Royal Crown has undergone several revisions over the years. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 1,000 per sq.ft, which increased by 10% to Rs 1,100 per sq.ft in the 2024 revision.

This change reflects a significant update in the guideline value, moving from Rs 1,000 in 2023 to Rs 1,100 in 2024. The current figure is above the median guideline value for Nemam_B streets, which stands at Rs 935 per sq.ft.

Guideline values in Nemam_B

In Nemam_B, there are 24 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 3,500 per sq.ft. Royal Crown's 2024 figure of Rs 1,100 is above the median value for the area.

• Royal Crown Phase - II: 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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, resulting in a total of Rs 99,000. Please 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 Crown?

The Royal Crown area 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 crucial factor in property transactions in Nemam_B as it determines the minimum price at which a property can be registered. Buyers and sellers must be aware of the current guideline value to ensure compliance with registration requirements.

When registering a property, the guideline value is used to calculate the applicable stamp duty and registration fees. It is essential for both parties to understand this value to avoid any discrepancies during the transaction process.

Frequently asked questions

What is the current guideline value of Royal Crown?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2023 to Rs 1,100 per sq.ft in 2024, reflecting a 10% increase. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What are the other streets in Nemam_B and their guideline values?

Other streets in Nemam_B include Rajalakshmi Nagar at Rs 440 per sq.ft, Rajalakshmi Enclave Phase - II and Phase I at Rs 550 per sq.ft, Radha Nagar at Rs 710 per sq.ft, and New Metro City Annex - S.No.755/2 at Rs 440 per sq.ft.

How is stamp duty calculated for property in Royal Crown?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 at a rate of 7%.

Where can I find the Sub Registrar Office for Royal Crown?

The Avadi Sub Registrar Office covers Royal Crown, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.