Guideline Value for ROYAL GARDEN

Royal Garden guideline value

The current guideline value of Royal Garden, located in Vengaivasal village under the Selaiyur SRO, is Rs 3,300 per sq.ft as per the 2024 revision. This area is classified as Industries Special Type - I.

How the guideline value of Royal Garden has changed

The guideline value of Royal Garden has seen significant changes over the years. In the 2017 revision, the value was set at Rs 2,010 per sq.ft. This increased to Rs 3,000 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 has further increased the value to Rs 3,300 per sq.ft, which is a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Vengaivasal

In Vengaivasal, there are 117 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 4,800 per sq.ft. The median value for these streets is Rs 2,700 per sq.ft, placing Royal Garden's 2024 guideline value above this median.

• Sabari Garden: Rs 1,650 per sq.ft (2024)
• R.G. Nagar: Rs 2,700 per sq.ft (2024)
• Rangarajapuarm: Rs 2,700 per sq.ft (2024)
• Saminathapuram: Rs 2,700 per sq.ft (2024)
• Santhosapuram: Rs 2,700 per sq.ft (2024)
• Santhosapuram Veeramamunivar Street: Rs 2,700 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 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Royal Garden?

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

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

The guideline value is a crucial factor during the registration of property transactions in Vengaivasal. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to be aware of the current guideline value, as it affects the overall cost of the transaction. Buyers should ensure that the sale price reflects the guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Royal Garden?

The current guideline value of Royal Garden is Rs 3,300 per sq.ft as per the 2024 revision.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased by 64%, from Rs 2,010 per sq.ft to Rs 3,300 per sq.ft in 2024.

What is the range of guideline values in Vengaivasal?

The guideline values in Vengaivasal range from Rs 850 to Rs 4,800 per sq.ft, with a median value of Rs 2,700 per sq.ft.

What are the stamp duty and registration fees for Royal Garden?

The stamp duty for a 1,000 sq.ft plot at the guideline value of Rs 3,300 per sq.ft would be Rs 2,31,000, and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which office handles registrations for Royal Garden?

The Selaiyur Sub Registrar Office handles registrations for Royal Garden, located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Chennai - 600 073.