Guideline Value for ROYAL GARDEN

Royal Garden guideline value

The current guideline value of Royal Garden in Kayar village is Rs 1,250 per sq.ft, as per the 2023 revision. This area falls under the Thiruporur Sub Registrar Office (SRO) and is classified as Commercial Class I Type - I.

How the guideline value of Royal Garden has changed

In the 2012 revision, the guideline value was set at Rs 1,250 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 837 per sq.ft, marking a decline of 33%. However, in the 2023 revision, the guideline value increased to Rs 1,250 per sq.ft, reflecting a significant rise of 49% from the 2017 figure.

Overall, comparing the 2012 and 2023 revisions, the guideline value has remained the same at Rs 1,250 per sq.ft. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2024 for this street.

Guideline values in Kayar

No specific village figures are provided for Kayar. Royal Garden is one of the streets in this area, and there are no other streets in Kayar under the Thiruporur SRO listed.

Stamp duty and registration fee for property in Royal Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,250 per sq.ft, the total guideline value amounts to Rs 12,50,000. The stamp duty at 7% would be Rs 87,500, and the registration fee at 2% would be Rs 25,000, resulting in a total of Rs 1,12,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Royal Garden?

The Royal Garden area is covered by the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Kayar. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these costs are calculated based on the official rates set by the Registration Department.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of property transactions. Understanding this value helps in budgeting for the additional expenses incurred during the buying or selling process.

Frequently asked questions

What is the current guideline value of Royal Garden?

The current guideline value of Royal Garden is Rs 1,250 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value changed from Rs 1,250 per sq.ft in 2012 to Rs 837 per sq.ft in 2017, and then back to Rs 1,250 per sq.ft in 2023. This reflects a decrease of 33% from 2012 to 2017 and an increase of 49% from 2017 to 2023.

Is there a guideline value for the year 2024?

No, the register has no figure for the year 2024 for Royal Garden.

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

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 12,50,000, the total fees would be Rs 1,12,500.

Which authority manages the guideline values in Kayar?

The guideline values in Kayar are managed by the Registration Department, specifically through the Thiruporur Sub Registrar Office.