Guideline Value for MS Royal City

MS Royal City guideline value

The current guideline value of MS Royal City in Aranvoyal village, under the Manavalanagar SRO, is Rs 402 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - III.

How the guideline value of MS Royal City has changed

The guideline value for MS Royal City has seen several revisions over the years. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 402 per sq.ft, which remained unchanged in the 2024 revision, indicating a 0% change between these two years.

As of 2024, the guideline value stands at Rs 402 per sq.ft. The previous revision in 2023 also recorded the same value. This stability reflects a consistent valuation for this street over the recent years.

Guideline values in Aranvoyal

In Aranvoyal, there are 52 streets under the Manavalanagar SRO, with guideline values ranging from Rs 400 to Rs 900 per sq.ft. The median guideline value for these streets is Rs 450 per sq.ft, placing MS Royal City's 2024 figure below that median.

• Ksv ஹவுசங்காலனி: Rs 400 per sq.ft (2024)
• Vgn சந்தோஷ் நகர்: Rs 600 per sq.ft (2024)
• Voc நகர்: Rs 400 per sq.ft (2024)
• Divyathesam Nagar: Rs 500 per sq.ft (2024)
• Kaveri Avenue: Rs 450 per sq.ft (2024)
• Kaveri Nagar: Rs 450 per sq.ft (2024)

Stamp duty and registration fee for property in MS Royal City

For a 1,000 sq.ft plot at the current guideline value of Rs 402 per sq.ft, the total guideline value amounts to Rs 4,02,000. The stamp duty at 7% would be Rs 28,140, and the registration fee at 2% would be Rs 8,040, making the total cost for these fees Rs 36,180. 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 MS Royal City?

MS Royal City falls under the jurisdiction of the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.

You can find your SRO for further assistance.

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

The guideline value is a critical component in the registration process when buying or selling property in Aranvoyal. It serves as the basis for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official registry.

During the registration process, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable duties. This ensures compliance with local regulations and helps in maintaining transparency in property transactions.

Frequently asked questions

What is the current guideline value of MS Royal City?

The current guideline value of MS Royal City is Rs 402 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 402 per sq.ft in the 2023 and 2024 revisions. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for MS Royal City?

MS Royal City is classified as Residential Special Type - III, which influences its guideline value and potential uses.

What are the stamp duty and registration fees for a property in MS Royal City?

For a property valued at Rs 4,02,000, the stamp duty would be Rs 28,140 and the registration fee would be Rs 8,040, totaling Rs 36,180.

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

The Sub Registrar Office covering MS Royal City is located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.