Guideline Value for MS Royal city

MS Royal city guideline value

The current guideline value of MS Royal city in Aranvoyal Kuppam village is Rs 402 per sq.ft, effective from 1 July 2024. This property falls under the Manavalanagar SRO and is classified as Residential Special Type - III.

How the guideline value of MS Royal city has changed

The guideline value register for MS Royal city shows 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, also set at Rs 402 per sq.ft. This indicates a 0% change from 2023 to 2024.

Both the 2023 and 2024 revisions reflect the same guideline value, highlighting stability in this period. The current value of Rs 402 per sq.ft is the only figure available for the years under review.

Guideline values in Aranvoyal Kuppam

In Aranvoyal Kuppam, there are 17 streets under the Manavalanagar SRO with a 2024 guideline value ranging from Rs 400 to Rs 1,500 per sq.ft, with a median of Rs 450 per sq.ft. MS Royal city is below this median value.

• Balaji Avenue: Rs 450 per sq.ft (2024)
• Jemi Vaigai Nagar: Rs 450 per sq.ft (2024)
• Kanagavalli Nagar: Rs 450 per sq.ft (2024)
• Kurniji Garden: Rs 450 per sq.ft (2024)
• Om Sivasakthi Nagar Annuxe: Rs 450 per sq.ft (2024)
• Rajeswari 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 rate of Rs 402 per sq.ft, the 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 Rs 36,180. 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 further calculations.

Which Sub Registrar Office covers MS Royal city?

The Sub Registrar Office that covers MS Royal city is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Aranvoyal Kuppam. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that both parties are aware of the financial implications of the transaction.

When registering a property, the guideline value helps to establish a fair basis for taxation and ensures compliance with legal requirements. It is essential for buyers and sellers to be familiar with the guideline value to avoid any unexpected costs during the registration process.

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

What are the guideline values of other streets in Aranvoyal Kuppam?

The guideline values of other streets in Aranvoyal Kuppam range from Rs 400 to Rs 1,500 per sq.ft, with a median of Rs 450 per sq.ft. MS Royal city is below this median value.

What are the stamp duty and registration fees for buying property in MS Royal city?

The stamp duty for a property valued at Rs 4,02,000 would be Rs 28,140, and the registration fee would be Rs 8,040, totaling Rs 36,180. Duty is charged on the higher of the guideline value or the sale price.

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

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