Guideline Value for ROYAL DIVINE

Royal Divine guideline value

The current guideline value of Royal Divine in Aangadu village, under the Redhills SRO, is Rs 550 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class III Type - I.

How the guideline value of Royal Divine has changed

The guideline value for Royal Divine has seen several revisions since 2017. In 2017, the value was Rs 335 per sq.ft, which increased to Rs 500 per sq.ft in the 2023 revision, reflecting a significant change of 49%. The most recent revision in 2024 raised the value to Rs 550 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Aangadu

In Aangadu, there are 23 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 1,200 per sq.ft, with a median value of Rs 275 per sq.ft. The guideline value for Royal Divine is above this median.

• Pillaiyar Koil Street: Rs 275 per sq.ft (2024)
• Perumal Koil Street: Rs 275 per sq.ft (2024)
• Sri Ram Nagar: Rs 400 per sq.ft (2024)
• Sri Vadivudai Amman Nagar: Rs 275 per sq.ft (2024)
• Om Devi Amman Nagr: Rs 275 per sq.ft (2024)
• New Sun City Phase - I: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Royal Divine

For a 1,000 sq.ft plot at the current rate of Rs 550 per sq.ft, the guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, totaling Rs 49,500. 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 Divine?

The Sub Registrar Office that covers Royal Divine is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Aangadu. It serves as the basis for calculating stamp duty and registration fees during the registration process. Buyers and sellers must consider this value to ensure compliance with legal requirements.

When a property is sold, the guideline value helps determine the minimum price at which the property can be registered. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Royal Divine?

The current guideline value of Royal Divine is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 335 per sq.ft in 2017 to Rs 500 per sq.ft in 2023, and then to Rs 550 per sq.ft in 2024. This reflects an overall increase of 64% from 2017 to 2024.

What are the guideline values of other streets in Aangadu?

Other streets in Aangadu have varying guideline values, ranging from Rs 220 to Rs 1,200 per sq.ft. The median value for these streets is Rs 275 per sq.ft.

How is stamp duty calculated for properties in Royal Divine?

Stamp duty for properties in Royal Divine is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 550 per sq.ft has a total guideline value of Rs 5,50,000, resulting in a stamp duty of Rs 38,500.

Where is the Sub Registrar Office for Royal Divine located?

The Sub Registrar Office for Royal Divine is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.