Guideline Value for ROYAL CASTLE PHASE - II

Royal Castle Phase - II guideline value

The current guideline value of Royal Castle Phase - II in Kollappancheri village is Rs 2,300 per sq.ft, effective from 1 July 2024. This property falls under the Poonamallee SRO and is classified as Residential Class I Type - II.

How the guideline value of Royal Castle Phase - II has changed

The guideline value register for Royal Castle Phase - II shows no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The latest revision in 2024 has set the guideline value at Rs 2,300 per sq.ft.

Since there are no previous figures available for this street, the 2024 value stands alone without any changes noted from prior years. The current value aligns with the median guideline value for the village, indicating its position in the local real estate landscape.

Guideline values in Kollappancheri

Kollappancheri village has a range of guideline values across its streets, with a total of 7 streets under the Poonamallee SRO carrying a 2024 figure ranging from Rs 550 to Rs 2,900 per sq.ft. The guideline value for Royal Castle Phase - II is equal to the median value of Rs 2,300 per sq.ft.

• Royal Castle Phase-I: Rs 2,300 per sq.ft (2024)
• Rakesh Avenue: Rs 1,720 per sq.ft (2024)
• Kamatchi Nagar 5/28b: Rs 1,720 per sq.ft (2024)
• Kamachi Nagar: Rs 550 per sq.ft (2024)
• Homeland Klassic: Rs 2,900 per sq.ft (2024)
• Chaitanya Avenue: Rs 2,300 per sq.ft (2024)

Stamp duty and registration fee for property in Royal Castle Phase - II

For a 1,000 sq.ft plot at the current guideline value of Rs 2,300 per sq.ft, the total guideline value would be Rs 23,00,000. The stamp duty at 7% would amount to Rs 1,61,000, and the registration fee at 2% would be Rs 46,000, totaling Rs 2,07,000. It is important to note that the duty is charged on either the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Royal Castle Phase - II?

The Royal Castle Phase - II is covered by the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Kollappancheri. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring compliance with local regulations.

When buying or selling property, the guideline value helps in establishing a fair price for the transaction. It is essential for both buyers and sellers to be aware of the current guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Royal Castle Phase - II?

The current guideline value of Royal Castle Phase - II is Rs 2,300 per sq.ft, effective from 1 July 2024.

What is the land classification for Royal Castle Phase - II?

Royal Castle Phase - II is classified as Residential Class I Type - II, indicating its suitability for residential development.

How has the guideline value changed over the years?

The guideline value register shows no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision, which is Rs 2,300 per sq.ft.

What are the other streets in Kollappancheri and their guideline values?

Other streets in Kollappancheri include Royal Castle Phase-I at Rs 2,300 per sq.ft, Rakesh Avenue at Rs 1,720 per sq.ft, Kamatchi Nagar 5/28b at Rs 1,720 per sq.ft, Kamachi Nagar at Rs 550 per sq.ft, Homeland Klassic at Rs 2,900 per sq.ft, and Chaitanya Avenue at Rs 2,300 per sq.ft.

Where can I find the Poonamallee Sub Registrar Office?

The Poonamallee Sub Registrar Office is located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find more information by visiting the find your SRO page.