Guideline Value for ROYAL HOMES PART-I TO III

Royal Homes Part-I To III guideline value

The current guideline value of Royal Homes Part-I To III in Kakkalur village is Rs 626 per sq.ft, effective from 1 July 2024. This property falls under the Tiruvallur Joint 1 SRO and is classified as Residential Class II Type - III.

How the guideline value of Royal Homes Part-I To III has changed

The guideline value for Royal Homes Part-I To III has seen several revisions over the years. In 2012, the value was Rs 625 per sq.ft, which decreased to Rs 419 per sq.ft in 2017. This marked a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 626 per sq.ft. The 2023 revision maintained this figure, and the same value continues into the 2024 revision, indicating no change from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained stable, with an overall change of 0%.

Guideline values in Kakkalur

Kakkalur village has a total of 133 streets under the Tiruvallur Joint 1 SRO, with the 2024 guideline values ranging from Rs 400 to Rs 3,000 per sq.ft. The median value across these streets is Rs 626 per sq.ft, which is equal to the guideline value of Royal Homes Part-I To III.

• R.P. Nagar: Rs 626 per sq.ft (2024)
• Roja Street: Rs 626 per sq.ft (2024)
• R.V.Nagar: Rs 626 per sq.ft (2024)
• R.K. Nagar: Rs 626 per sq.ft (2024)
• Redhillis Road: Rs 800 per sq.ft (2024)
• Sai Mount View Avenue: Rs 626 per sq.ft (2024)

Stamp duty and registration fee for property in Royal Homes Part-I To III

For a 1,000 sq.ft plot at the current guideline value of Rs 626 per sq.ft, the total guideline value amounts to Rs 6,26,000. The stamp duty at 7% would be Rs 43,820, and the registration fee at 2% would be Rs 12,520, resulting in a total of Rs 56,340. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Royal Homes Part-I To III?

The Royal Homes Part-I To III falls under the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Kakkalur. It determines the amount of stamp duty and registration fees that must be paid, ensuring that both parties are aware of the financial obligations involved in the transaction.

When a property is registered, the guideline value serves as a benchmark for the transaction, helping to establish a fair assessment of the property’s worth. This ensures transparency and consistency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Royal Homes Part-I To III?

The current guideline value of Royal Homes Part-I To III is Rs 626 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 625 per sq.ft in 2012 to Rs 419 per sq.ft in 2017, then increased to Rs 626 per sq.ft in 2023 and has remained the same in 2024.

What is the classification of Royal Homes Part-I To III?

Royal Homes Part-I To III is classified as Residential Class II Type - III under the Tiruvallur Joint 1 SRO.

Where can I find the registration office for this property?

The registration office for Royal Homes Part-I To III is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

How is stamp duty calculated for properties in Kakkalur?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 6,26,000, the stamp duty at 7% would be Rs 43,820.