Guideline Value for Chengai Royal City

Chengai Royal City guideline value

The current guideline value of Chengai Royal City, located in Anumanthaputhari village under the Chengleput Joint I SRO, is Rs 3,025 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - I.

How the guideline value of Chengai Royal City has changed

Over the years, the guideline value for Chengai Royal City has seen several revisions. The earliest figure available is from 2012, where the guideline value was Rs 2,750 per sq.ft. This value remained unchanged until the 2017 revision, which saw a decrease of 33% to Rs 1,842 per sq.ft. However, the following revisions showed a significant increase, with the 2023 revision bringing the value back to Rs 2,750 per sq.ft, and the latest 2024 revision increasing it to Rs 3,025 per sq.ft.

From the 2023 to 2024 revision, there was a notable increase of 10%. Comparing the 2017 revision to the 2023 revision, the increase was 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Anumanthaputhari

Anumanthaputhari village features 11 streets under the Chengleput Joint I SRO, with the 2024 guideline values ranging from Rs 1,650 to Rs 3,025 per sq.ft. The current guideline value for Chengai Royal City is equal to the median of Rs 3,025 per sq.ft. Below are the guideline values for other streets in Anumanthaputhari:

• Anumanthaputheri Pillaiyar Koil St: Rs 3,025 per sq.ft (2024)
• Adhilakshmi Nagar: Rs 1,655 per sq.ft (2024)
• Aadhi lakshmi Nagar: Rs 1,655 per sq.ft (2024)
• Nadutheru: Rs 3,025 per sq.ft (2024)
• Old Gst Road 1: Rs 3,025 per sq.ft (2024)
• Old Gst Road 2: Rs 3,025 per sq.ft (2024)

Stamp duty and registration fee for property in Chengai Royal City

For a 1,000 sq.ft plot at the current guideline value of Rs 3,025 per sq.ft, the total guideline value amounts to Rs 30,25,000. The stamp duty at 7% would be Rs 2,11,750, and the registration fee at 2% would be Rs 60,500, totaling Rs 2,72,250. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chengai Royal City?

The Chengai Royal City area falls under the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in property transactions in Anumanthaputhari. It is the basis for calculating the stamp duty and registration fees during the sale or purchase of property. Buyers and sellers must be aware of the current guideline value to ensure compliance with registration requirements.

When registering a property, the guideline value is used to determine the applicable fees. It is essential for both parties to understand that the stamp duty is charged on the higher of the guideline value or the sale price, ensuring that the correct fees are paid during the registration process.

Frequently asked questions

What is the current guideline value for Chengai Royal City?

The current guideline value for Chengai Royal City is Rs 3,025 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 2,750 per sq.ft in 2012 to Rs 3,025 per sq.ft in 2024, with various revisions in between showing both increases and decreases.

What are the stamp duty rates for property transactions in Chengai Royal City?

The stamp duty rate for property transactions in Chengai Royal City is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Chengai Royal City?

The Chengai Royal City area is covered by the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the land classification for Chengai Royal City?

Chengai Royal City is classified as Residential Special Type - I, indicating its designation for residential development.