Guideline Value for ROYAL GARDEN

Royal Garden guideline value

The current guideline value of Royal Garden, located in Thiruninravur-B village, is Rs 660 per sq.ft, effective from 1 July 2024. This area falls under the Avadi Sub Registrar Office (SRO) and is classified as Residential Class II Type - I.

How the guideline value of Royal Garden has changed

The guideline value for Royal Garden has seen several revisions over the years. The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 600 per sq.ft, which increased by 10% to Rs 660 per sq.ft in the 2024 revision.

This change reflects a consistent adjustment in the guideline value, with the latest figure being Rs 660 per sq.ft as of 1 July 2024. The previous revision in 2023 marked an increase from Rs 600 per sq.ft, indicating a significant update in the valuation for this area.

Guideline values in Thiruninravur-B

In Thiruninravur-B, there are 374 streets under the Avadi SRO, with guideline values ranging from Rs 330 to Rs 1,760 per sq.ft. The median guideline value for the area is Rs 770 per sq.ft, placing Royal Garden's 2024 figure below this median.

• Sabari Nagar: Rs 1,232 per sq.ft (2024)
• Ria Srinivasa Plams: Rs 1,320 per sq.ft (2024)
• Sakthivel Nagar & Streets: Rs 770 per sq.ft (2024)
• Sambangi Nagar & Streets: Rs 870 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 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, totaling Rs 59,400. 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 Avadi Sub Registrar Office, 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-B

The guideline value plays a crucial role in the registration process when buying or selling property in Thiruninravur-B. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is assessed to ensure that the transaction is registered at a fair value. This helps in maintaining transparency and consistency in property transactions within the area.

Frequently asked questions

What is the current guideline value of Royal Garden?

The current guideline value of Royal Garden is Rs 660 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 600 per sq.ft in 2023 to Rs 660 per sq.ft in 2024, marking a 10% rise.

What is the land classification for Royal Garden?

Royal Garden is classified as Residential Class II Type - I, which indicates its intended use for residential purposes.

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

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

What are the guideline values for other streets in Thiruninravur-B?

Other streets in Thiruninravur-B have varying guideline values, with rates ranging from Rs 330 to Rs 1,760 per sq.ft. For example, Sabari Nagar has a guideline value of Rs 1,232 per sq.ft, while Sandiya Street is valued at Rs 440 per sq.ft.