Guideline Value for ROYAL CITY PHASE - II EXT

Royal City Phase - II Ext guideline value

The current guideline value of Royal City Phase - II Ext is Rs 250 per sq.ft. This property is located in Arayapakkam village, under the Madurandakam SRO, and is classified as Mixed Type - I land.

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

The guideline value for Royal City Phase - II Ext has seen several revisions over the years. The 2012 revision set the value at Rs 250 per sq.ft, which remained unchanged until the 2023 revision, where it was again Rs 250 per sq.ft. The 2017 revision marked a significant increase to Rs 167 per sq.ft, reflecting a 50% increase from the previous figure. Notably, the register has no figure for this street in the years 2002, 2003, and 2007.

From 2012 to 2017, the value decreased by 33%, but overall, from 2012 to 2024, the value has remained at Rs 250 per sq.ft. The latest revision in 2024 also maintains this value, showing no change from the previous year.

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, with a median of Rs 203 per sq.ft. The guideline value for Royal City Phase - II Ext is above this median.

• Royal City Phase - I 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 - II Ext

For a 1,000 sq.ft plot at the current rate of Rs 250 per sq.ft, the 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, totaling Rs 22,500. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Royal City Phase - II Ext?

The Sub Registrar Office that covers Royal City Phase - II Ext 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 Arayapakkam

The guideline value plays a crucial role in the registration process when buying or selling property in Arayapakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property transfer.

When a property is sold, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

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

The current guideline value of Royal City Phase - II Ext is Rs 250 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has seen various revisions, with the most recent being Rs 250 per sq.ft in 2024, which is the same as in 2023. The value 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 - II Ext?

Royal City Phase - II Ext is classified as Mixed Type - I land, which is a designation used for various types of developments in the area.

Where can I find the Sub Registrar Office for this property?

The Sub Registrar Office for Royal City Phase - II Ext 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 Arayapakkam?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a property with a guideline value of Rs 2,50,000, the stamp duty would be calculated at 7% of this amount.