Guideline Value for S.M.ROYAL GARDEN PHASE -I

S.M.Royal Garden Phase -I guideline value

The current guideline value of S.M.Royal Garden Phase -I is Rs 2,687 per sq.ft. This property is located in Melakottyur village and falls under the Gooduvancheri SRO. The land classification for this area is Mixed Special Type - II.

How the guideline value of S.M.Royal Garden Phase -I has changed

In the 2017 revision, the guideline value was set at Rs 1,800 per sq.ft. This figure represents the previous established rate before the latest revision. In the 2023 revision, the guideline value increased to Rs 2,687 per sq.ft, marking a significant change of +49% from the 2017 figure.

It is important to note that the register has no figures for the revisions in 2024, 2012, 2007, 2003, and 2002 for this street. Therefore, the only available figures for S.M.Royal Garden Phase -I are from the 2017 and 2023 revisions.

Guideline values in Melakottyur

The Melakottyur guideline value is represented by the current rate of S.M.Royal Garden Phase -I. Unfortunately, there are no figures provided for other streets in Melakottyur under the Gooduvancheri SRO.

Stamp duty and registration fee for property in S.M.Royal Garden Phase -I

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 26,87,000. The stamp duty at 7% would be Rs 1,88,090, and the registration fee at 2% would be Rs 53,740, bringing the total to Rs 2,41,830. It is essential to understand that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers S.M.Royal Garden Phase -I?

The S.M.Royal Garden Phase -I is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for additional details.

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

The guideline value is a critical factor when registering property in Melakottyur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must be aware that the guideline value is used to calculate the financial obligations during the registration process.

When a property is sold, the guideline value ensures that the transaction is recorded accurately and that the appropriate fees are collected. This system helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of S.M.Royal Garden Phase -I?

The current guideline value of S.M.Royal Garden Phase -I is Rs 2,687 per sq.ft as per the 2023 revision.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased by +49%, from Rs 1,800 per sq.ft to Rs 2,687 per sq.ft in the 2023 revision.

Are there any guideline value figures for the years 2002, 2003, 2007, 2012, or 2024?

The register has no figures for S.M.Royal Garden Phase -I for the years 2002, 2003, 2007, 2012, and 2024.

What are the stamp duty and registration fees for a property in S.M.Royal Garden Phase -I?

For a 1,000 sq.ft plot, the total stamp duty and registration fees amount to Rs 2,41,830, which includes a stamp duty of Rs 1,88,090 and a registration fee of Rs 53,740.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.