Guideline Value

Corporate

Guideline Value for METRO ROYAL CITY

₹3300/sq.ft.

The guideline value for Metro Royal City in Adayalampattu village (Chennai South Joint Ii SRO, Chennai zone) is Rs 3300 per sq.ft, effective 1 July 2024. It was Rs 3000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Adayalampattu

Village

Chennai South Joint II

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹3300 /sq.ft.
From 1-4-2023 ₹3000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2010 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510538
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]

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Metro Royal City guideline value

The current guideline value of Metro Royal City, located in Adayalampattu village, is Rs 3,300 per sq.ft, effective from 1 July 2024. This property falls under the Chennai South Joint II SRO and is classified as Residential Special Type - I.

How the guideline value of Metro Royal City has changed

The guideline value for Metro Royal City has seen several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 3,300 per sq.ft, an increase of 10% from the 2023 figure of Rs 3,000 per sq.ft. Prior to that, the 2017 revision recorded a value of Rs 2,010 per sq.ft, reflecting a significant increase of 49% from the previous 2023 revision. The 2012 revision also had a figure of Rs 3,000 per sq.ft, which was a decrease of 33% from the 2017 revision.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has seen a modest increase of 10%.

Guideline values in Adayalampattu

Adayalampattu village has 19 streets under the Chennai South Joint II SRO that carry a 2024 guideline value, ranging from Rs 1,650 to Rs 3,850 per sq.ft. The guideline value of Metro Royal City is above the median of Rs 2,420 per sq.ft for these streets.

Stamp duty and registration fee for property in Metro Royal City

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Metro Royal City?

The Sub Registrar Office that covers Metro Royal City is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of properties in Adayalampattu. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

When buying or selling property, the guideline value is considered the minimum value for registration purposes. This ensures that the transaction is recorded at a value that reflects the prevailing market conditions as determined by the registration department.

Frequently asked questions

What is the current guideline value of Metro Royal City?

The current guideline value of Metro Royal City is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,010 per sq.ft in 2017 to Rs 3,300 per sq.ft in 2024, with various revisions in between, including Rs 3,000 per sq.ft in 2023 and 2012.

What are the other streets in Adayalampattu with their guideline values?

Other streets in Adayalampattu include MCK Nagar at Rs 2,420 per sq.ft, Millinium Town Road at Rs 3,300 per sq.ft, and several others, with values ranging from Rs 1,650 to Rs 3,850 per sq.ft.

What are the stamp duty and registration fees for properties in Metro Royal City?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For example, a 1,000 sq.ft plot at Rs 3,300 per sq.ft would incur a total cost of Rs 2,97,000 in fees.

Which office handles property registrations for Metro Royal City?

The Chennai South Joint II Sub Registrar Office handles property registrations for Metro Royal City, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.