Guideline Value for ROYAL GARDEN

Royal Garden guideline value

The current guideline value of Royal Garden, located in Chitthalapakkam village under the Selaiyur SRO, is Rs 2,250 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - V land classification.

How the guideline value of Royal Garden has changed

The guideline value for Royal Garden has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 2,250 per sq.ft, an increase from the 2023 revision, which was Rs 2,060 per sq.ft. There was no change from 2017 to 2023, as the value remained at Rs 2,060 per sq.ft during that period. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from 2017 to 2024, the guideline value has increased by 9%. The 2024 figure reflects a 9% rise from the previous year, indicating a notable adjustment in the guideline value for Royal Garden.

Guideline values in Chitthalapakkam

In Chitthalapakkam, there are 107 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 5,000 per sq.ft, with a median value of Rs 2,900 per sq.ft. The guideline value for Royal Garden is below this median.

• Sankarapuram: Rs 3,300 per sq.ft (2024)
• Sankarapuram Extension: Rs 3,300 per sq.ft (2024)
• Rajiv Gandhi Street: Rs 1,950 per sq.ft (2024)
• Sarangapani Avenue: Rs 2,900 per sq.ft (2024)
• Seethammal Nagar: Rs 2,950 per sq.ft (2024)
• Sekaran S Woodrow Manor: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Royal Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 2,250 per sq.ft, the total guideline value would be Rs 22,50,000. The stamp duty at 7% would amount to Rs 1,57,500, and the registration fee at 2% would be Rs 45,000, bringing the total to Rs 2,02,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Royal Garden?

The Royal Garden area is covered by the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, within the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor when registering property transactions in Chitthalapakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transfer of property ownership.

Frequently asked questions

What is the current guideline value of Royal Garden?

The current guideline value of Royal Garden is Rs 2,250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen a 9% increase from Rs 2,060 per sq.ft in 2023 to Rs 2,250 per sq.ft in 2024. There was no change between the 2017 and 2023 revisions, where the value remained at Rs 2,060 per sq.ft.

What are the guideline values for other streets in Chitthalapakkam?

Other streets in Chitthalapakkam have varying guideline values, with rates ranging from Rs 1,300 to Rs 5,000 per sq.ft. The median value for these streets is Rs 2,900 per sq.ft.

How is stamp duty calculated for properties in Royal Garden?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a stamp duty of Rs 1,57,500.

Where is the Selaiyur Sub Registrar Office located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.