Guideline Value for ROYAL CITY PHASE - I EXT

Royal City Phase - I Ext guideline value

The current guideline value for Royal City Phase - I Ext in Arayapakkam village is Rs 250 per sq.ft, effective from the 2024 revision. This property falls under the Madurandakam Sub Registrar Office and is classified as Mixed Type - I land.

How the guideline value of Royal City Phase - I Ext has changed

The guideline value for Royal City Phase - I Ext has seen several revisions over the years. In 2012, the value was set at Rs 250 per sq.ft. This remained unchanged until the next revision in 2017, where it decreased to Rs 167 per sq.ft, marking a reduction of 33%. However, the subsequent revisions saw an increase, with the value rising to Rs 250 per sq.ft in 2023 and remaining the same in the 2024 revision, showing no change between these two years.

There are also revisions for the years 2002, 2003, and 2007, but the register has no figure for this street in those years. Overall, from 2012 to 2024, the guideline value has remained at Rs 250 per sq.ft.

Guideline values in Arayapakkam

In Arayapakkam, there are 15 streets under the Madurandakam SRO with a guideline value for 2024 ranging from Rs 120 to Rs 400 per sq.ft, with a median value of Rs 203 per sq.ft. The guideline value for Royal City Phase - I Ext is above this median.

• Royal City Phase - II Ext: Rs 250 per sq.ft (2024)
• Roja Nagar: Rs 203 per sq.ft (2024)
• Rayal City Phase-II: Rs 200 per sq.ft (2024)
• Ramya Reng & Ramya Ramaa: Rs 202 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 Royal City Phase - I Ext

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total cost for these fees to Rs 22,500. It is important to note that the 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 Royal City Phase - I Ext?

The Royal City Phase - I Ext property is covered by 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 Arayapakkam

The guideline value plays a crucial role during the registration process of property transactions in Arayapakkam. It serves as a benchmark for assessing the value of a property, ensuring that the transaction is recorded at a fair and consistent price.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, which are necessary to complete the legal transfer of ownership. This ensures that all parties involved are aware of the financial obligations associated with the transaction.

Frequently asked questions

What is the current guideline value for Royal City Phase - I Ext?

The current guideline value for Royal City Phase - I Ext is Rs 250 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has seen several changes, with the most recent being Rs 250 per sq.ft in both 2023 and 2024. It was Rs 167 per sq.ft in 2017 and Rs 250 per sq.ft in 2012.

What is the land classification for Royal City Phase - I Ext?

Royal City Phase - I Ext is classified as Mixed Type - I land, according to the guidelines provided by the Madurandakam SRO.

What are the stamp duty and registration fees for this property?

For a 1,000 sq.ft plot at the guideline value of Rs 250 per sq.ft, the total guideline value is Rs 2,50,000. The stamp duty would be Rs 17,500, and the registration fee would be Rs 5,000, totaling Rs 22,500.

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.