Guideline Value for MS- ROYAl GATE

MS- ROYAl GATE guideline value

The current guideline value of MS- ROYAl GATE in Pakkam village is Rs 700 per sq.ft. This property falls under the Tiruvallur Joint 1 SRO and is classified as Residential Class I Type - I.

How the guideline value of MS- ROYAl GATE has changed

The guideline value for MS- ROYAl GATE has seen several revisions over the years. In the 2012 revision, the guideline value was Rs 700 per sq.ft. However, in the 2017 revision, it decreased to Rs 469 per sq.ft, marking a decline of 33%. The most recent revision in 2023 saw a significant increase to Rs 700 per sq.ft, reflecting a rise of 49% from the 2017 figure.

Overall, comparing the 2012 and 2023 revisions, the guideline value has remained unchanged at Rs 700 per sq.ft. It is important to note that the register does not provide figures for the years 2002, 2003, 2007, and 2024 for this street.

Guideline values in Pakkam

Currently, there are no other guideline values provided for streets in Pakkam. MS- ROYAl GATE is the only street mentioned under the Tiruvallur Joint 1 SRO.

Stamp duty and registration fee for property in MS- ROYAl GATE

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000. Therefore, the total cost for stamp duty and registration fee would come to Rs 63,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers MS- ROYAl GATE?

MS- ROYAl GATE is covered by the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, 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 Pakkam

The guideline value plays a crucial role in the registration process of property transactions in Pakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a buyer or seller engages in a property transaction, the guideline value is used to calculate the applicable duties and fees, ensuring that the transaction is registered accurately and legally.

Frequently asked questions

What is the current guideline value of MS- ROYAl GATE?

The current guideline value of MS- ROYAl GATE is Rs 700 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, a decrease of 33%. It then increased back to Rs 700 per sq.ft in 2023, marking a rise of 49% from the 2017 figure.

What are the stamp duty and registration fees for property in MS- ROYAl GATE?

For a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000 and the registration fee would be Rs 14,000, totaling Rs 63,000. Duty is charged on the higher of the guideline value or the sale price.

Which Sub Registrar Office covers MS- ROYAl GATE?

MS- ROYAl GATE is covered by the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.

Is there any guideline value for other streets in Pakkam?

Currently, there are no other streets in Pakkam listed with guideline values under the Tiruvallur Joint 1 SRO, making MS- ROYAl GATE the only street mentioned.