Guideline Value for SM ROYAL GARDEN

Sm Royal Garden guideline value

The current guideline value of Sm Royal Garden in Melakottyur village under the Gooduvancheri SRO is Rs 2,687 per sq.ft. The land classification for this area is Mixed Special Type - II.

How the guideline value of Sm Royal Garden has changed

The guideline value for Sm Royal Garden has undergone several revisions over the years. In the 2017 revision, the value was set at Rs 1,800 per sq.ft. This value increased significantly to Rs 2,687 per sq.ft in the 2023 revision, marking a change of +49% from the previous figure.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2024 for this street. This lack of data means that the only revisions we can reference are from 2017 and 2023.

Guideline values in Melakottyur

Currently, there are no specific village figures available for Melakottyur. Sm Royal Garden is part of the Gooduvancheri SRO, which does not list any other streets in Melakottyur.

Stamp duty and registration fee for property in Sm Royal Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 2,687 per sq.ft, the total guideline value would be Rs 26,87,000. The stamp duty at 7% would amount to Rs 1,88,090, and the registration fee at 2% would be Rs 53,740. Together, these fees would total Rs 2,41,830. 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 Sm Royal Garden?

The Sm Royal Garden area 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 more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Melakottyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that these costs are calculated based on an official value rather than the negotiated sale price.

When a property transaction occurs, the buyer must pay the applicable stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that all property transactions are recorded accurately and transparently within the registration system.

Frequently asked questions

What is the current guideline value of Sm Royal Garden?

The current guideline value of Sm Royal Garden is Rs 2,687 per sq.ft as per the 2023 revision.

How much has the guideline value changed over the years?

The guideline value increased from Rs 1,800 per sq.ft in 2017 to Rs 2,687 per sq.ft in 2023, representing a change of +49%.

Are there any guideline values for previous revisions?

No figures are available for the revisions in 2002, 2003, 2007, 2012, and 2024 for Sm Royal Garden.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 26,87,000. The stamp duty would be Rs 1,88,090 and the registration fee would be Rs 53,740, totaling Rs 2,41,830.

Which office handles registrations for Sm Royal Garden?

The Gooduvancheri Sub Registrar Office handles registrations for Sm Royal Garden, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.