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Guideline Value

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Guideline Value for REAL VALUE DEVELOPER IN ROYAL NAGAR

₹100/sq.ft.

The guideline value for Real Value Developer In Royal Nagar in Veeranakunnam village (Madurandakam SRO, Chengalpattu zone) is Rs 100 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Veeranakunnam

Village

Madurandakam

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹100 /sq.ft.
From 1-4-2023 ₹100 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹50 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹75 /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)

No.53, Old Taluk Office Road, Maduranthakam-603306
044-27555138
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Real Value Developer In Royal Nagar

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Real Value Developer In Royal Nagar guideline value

The current guideline value for Real Value Developer In Royal Nagar is Rs 100 per sq.ft. This location is situated in Veeranakunnam village, under the Madurandakam SRO, and is classified as Residential Class I Type - I.

How the guideline value of Real Value Developer In Royal Nagar has changed

The guideline value for this area has seen several revisions over the years. The 2012 revision set the guideline value at Rs 75 per sq.ft, which increased to Rs 50 per sq.ft in 2017. Following this, the value rose significantly to Rs 100 per sq.ft in 2023, and it has remained unchanged at Rs 100 per sq.ft in the 2024 revision. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it increased by 100%, resulting in an overall increase of 33% from 2012 to 2024.

Guideline values in Veeranakunnam

In Veeranakunnam, there are 9 streets under the Madurandakam SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 103 per sq.ft. The median value for these streets is Rs 103 per sq.ft, making the guideline value for Real Value Developer In Royal Nagar below that median.

Stamp duty and registration fee for property in Real Value Developer In Royal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, making a total of Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Real Value Developer In Royal Nagar?

The Sub Registrar Office that covers Real Value Developer In Royal Nagar is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during property registration in Veeranakunnam. It serves as a baseline for determining the stamp duty and registration fees that need to be paid when a property transaction occurs.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, helping to maintain transparency in the real estate market. It is essential for buyers and sellers to be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value for Real Value Developer In Royal Nagar?

The current guideline value for Real Value Developer In Royal Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 75 per sq.ft in 2012 to Rs 100 per sq.ft in 2024, with various revisions in between, including a significant increase from Rs 50 per sq.ft in 2017 to Rs 100 per sq.ft in 2023.

What is the land classification for Real Value Developer In Royal Nagar?

Real Value Developer In Royal Nagar is classified as Residential Class I Type - I, indicating its use for residential purposes.

Where can I find the registration office for Real Value Developer In Royal Nagar?

The registration office for Real Value Developer In Royal Nagar is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

How is stamp duty calculated for properties in Real Value Developer In Royal Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 1,00,000 would incur a stamp duty of Rs 7,000 at 7%.