Guideline Value for ROYAL CITY PHASE - II
₹175/sq.ft.
The guideline value for Royal City Phase - Ii in Pusivakkam village (Walajabad SRO, Chengalpattu zone) is Rs 175 per sq.ft, effective 1 July 2024. It was Rs 150 per sq.ft from 1 April 2023, a 17% change. The land classification is Residential Special Type - Iii. Source: TNReginet guideline value register.
Last updated:
Chengalpattu
Zone
Pusivakkam
Village
Walajabad
SRO
Residential Special Type - III
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹175 /sq.ft. |
| From 1-4-2023 | ₹150 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹100 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | ₹150 /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
DRO (District Registrar Office)
No.52 Orikkai Madhura, Udhayamangulam Village, Near Anna Kudiyiruppu, Kanchipuram-631502
044-27236674
[email protected], [email protected]
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Royal City Phase - II guideline value
The current guideline value of Royal City Phase - II is Rs 175 per sq.ft, effective from 1 July 2024. This property is located in Pusivakkam village, under the Walajabad Sub Registrar Office (SRO). The land classification for this area is Residential Special Type - III.
How the guideline value of Royal City Phase - II has changed
The guideline value for Royal City Phase - II has undergone several revisions over the years. The 2012 revision set the value at Rs 150 per sq.ft, which was then reduced to Rs 100 per sq.ft in the 2017 revision. Following that, the 2023 revision increased the value to Rs 150 per sq.ft, and the most recent 2024 revision has raised it to Rs 175 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.
In terms of percentage changes, there was a significant increase of 50% from 2017 to 2023, followed by a 17% increase from 2023 to 2024. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 17%.
Guideline values in Pusivakkam
Pusivakkam village has 22 streets under the Walajabad SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 598 per sq.ft. The median value for these streets is Rs 150 per sq.ft, making the 2024 figure for Royal City Phase - II above that median.
- Royal City Phase-I: Rs 175 per sq.ft (2024)
- Royal City Phase-III: Rs 175 per sq.ft (2024)
- Sai Ganesh Nagar: Rs 126 per sq.ft (2024)
- Sai Shanmuga Nagar: Rs 350 per sq.ft (2024)
- Sai Thiya Nagar: Rs 126 per sq.ft (2024)
- Sri Chellammal Nagar: Rs 150 per sq.ft (2024)
Stamp duty and registration fee for property in Royal City Phase - II
For a 1,000 sq.ft plot at the current guideline value of Rs 175 per sq.ft, the total guideline value would be Rs 1,75,000. The stamp duty at 7% would amount to Rs 12,250, and the registration fee at 2% would be Rs 3,500, bringing the total fees to Rs 15,750. It is important to note that the duty is charged on the higher of the guideline value or the sale price.
For more information, you can use the stamp duty and registration fee calculator.
Which Sub Registrar Office covers Royal City Phase - II?
The Royal City Phase - II falls under the jurisdiction of the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for further assistance.
How the guideline value is used when you buy or sell in Pusivakkam
The guideline value is an essential factor during property registration in Pusivakkam. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees. Buyers and sellers must be aware of this value to ensure compliance with local regulations.
When a property is sold, the guideline value serves as a benchmark for the transaction. It is crucial for both parties to understand that the stamp duty is charged on the higher of the guideline value or the sale price, ensuring that the appropriate fees are paid during the registration process.
Frequently asked questions
What is the current guideline value of Royal City Phase - II?
The current guideline value of Royal City Phase - II is Rs 175 per sq.ft, effective from 1 July 2024.
How has the guideline value changed over the years?
The guideline value for Royal City Phase - II has changed from Rs 150 per sq.ft in 2012 to Rs 100 per sq.ft in 2017, then increased to Rs 150 per sq.ft in 2023, and finally to Rs 175 per sq.ft in 2024.
What is the land classification for Royal City Phase - II?
The land classification for Royal City Phase - II is Residential Special Type - III.
Where can I find the Walajabad Sub Registrar Office?
The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.
How is stamp duty calculated for properties in Royal City Phase - II?
Stamp duty for properties in Royal City Phase - II is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applied to the guideline value.
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