Guideline Value for ROYAL GARDEN

Royal Garden guideline value

The current guideline value of Royal Garden is Rs 1,200 per sq.ft, effective from 1 July 2024. This area is located in Thiruninravur-A village, under the jurisdiction of the Avadi SRO. The land classification for this street is Residential Class II Type - I.

How the guideline value of Royal Garden has changed

The guideline value for Royal Garden has seen significant changes over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 600 per sq.ft, and it increased to Rs 1,200 per sq.ft in the 2024 revision, marking a 100% increase.

Prior to the 2023 revision, the guideline value for Royal Garden was not recorded in the register. The 2024 figure of Rs 1,200 per sq.ft is notably above the median value of Rs 750 per sq.ft for the 382 streets in Thiruninravur-A under the Avadi SRO.

Guideline values in Thiruninravur-A

In Thiruninravur-A, the guideline values range from Rs 440 to Rs 2,750 per sq.ft, with a median of Rs 750 per sq.ft. Royal Garden's 2024 guideline value is above this median. Below are the guideline values for other streets in Thiruninravur-A:

• Sai Eswar Nagar: Rs 840 per sq.ft (2024)
• Sai Nagar: Rs 660 per sq.ft (2024)
• Sakthivel Nagar & Streets: Rs 750 per sq.ft (2024)
• Sambangi Nagar & Streets: Rs 840 per sq.ft (2024)
• Sandiya Street: Rs 440 per sq.ft (2024)
• Ram Nagar: Rs 1,400 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 1,200 per sq.ft, the total guideline value would be Rs 12,00,000. The stamp duty at 7% would amount to Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total fees to Rs 1,08,000. It is important to note that 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 detailed calculations.

Which Sub Registrar Office covers Royal Garden?

The Royal Garden area falls under the Avadi Sub Registrar Office. The office is 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 Thiruninravur-A

The guideline value plays a crucial role in the registration process of property transactions in Thiruninravur-A. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

Frequently asked questions

What is the current guideline value of Royal Garden?

The current guideline value of Royal Garden is Rs 1,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

Recently, the guideline value increased from Rs 600 per sq.ft in 2023 to Rs 1,200 per sq.ft in 2024, representing a 100% increase.

What is the land classification for Royal Garden?

The land classification for Royal Garden is Residential Class II Type - I.

How does the guideline value compare to other streets in Thiruninravur-A?

The guideline value of Rs 1,200 per sq.ft for Royal Garden is above the median value of Rs 750 per sq.ft for the 382 streets in Thiruninravur-A.

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

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