Guideline Value for RAYAL CITY PHASE-II

Rayal City Phase-II guideline value

The current guideline value of Rayal City Phase-II, located in Arayapakkam village, is Rs 200 per sq.ft, effective from 1 July 2024. This area falls under the Madurandakam SRO and is classified as Residential Class III Type - I.

How the guideline value of Rayal City Phase-II has changed

The guideline value for Rayal City Phase-II has undergone several revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged in the subsequent 2017 revision, where it was Rs 134 per sq.ft. The value then increased by 49% to Rs 200 per sq.ft in the 2023 revision. The 2024 revision also maintains this value at Rs 200 per sq.ft, indicating no change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has shown no net change.

Guideline values in Arayapakkam

In Arayapakkam, there are 15 streets under the Madurandakam SRO that carry a 2024 guideline value ranging from Rs 120 to Rs 400 per sq.ft. The median value for these streets is Rs 203 per sq.ft, placing the guideline value of Rayal City Phase-II below that median.

• Ramya Reng & Ramya Ramaa: Rs 202 per sq.ft (2024)
• Roja Nagar: Rs 203 per sq.ft (2024)
• Royal City Phase - I Ext: Rs 250 per sq.ft (2024)
• Royal City Phase - II Ext: Rs 250 per sq.ft (2024)
• Sri Krishna Nagar: Rs 203 per sq.ft (2024)
• Sri Patchaiyammal Nagar: Rs 175 per sq.ft (2024)

Stamp duty and registration fee for property in Rayal City Phase-II

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total fees to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Rayal City Phase-II?

The Madurandakam Sub Registrar Office covers Rayal City Phase-II. The office is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Arayapakkam. It serves as a benchmark for determining the stamp duty and registration fees payable at the time of registration.

When a property is sold, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Rayal City Phase-II?

The current guideline value of Rayal City Phase-II is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2012 revision, the guideline value has seen various changes, including a rise from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023 and 2024, with no change from 2023 to 2024.

What is the median guideline value in Arayapakkam?

The median guideline value for streets in Arayapakkam is Rs 203 per sq.ft, with Rayal City Phase-II's guideline value being below this median.

What are the stamp duty and registration fees for Rayal City Phase-II?

For a 1,000 sq.ft plot, the stamp duty would be Rs 14,000 and the registration fee would be Rs 4,000, totaling Rs 18,000 based on the current guideline value.

Where is the Madurandakam Sub Registrar Office located?

The Madurandakam Sub Registrar Office is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.