Guideline Value for ROYAL CITY

Royal City guideline value

The current guideline value of Royal City in Thirupanthiyoor village is Rs 700 per sq.ft, effective from 1 July 2024. This property falls under the Sunguvarchattram SRO and is classified as Residential Class I Type - II.

How the guideline value of Royal City has changed

The guideline value for Royal City has remained constant over several revisions. The 2017 revision recorded a guideline value of Rs 700 per sq.ft, which was unchanged in the 2023 revision, and continues at Rs 700 per sq.ft in the 2024 revision. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from 2017 to 2024, the guideline value has not changed, showing a consistent rate of Rs 700 per sq.ft across these years. The changes between the revisions from 2023 to 2024 and from 2017 to 2023 also reflect a 0% change.

Guideline values in Thirupanthiyoor

In Thirupanthiyoor, there are 53 streets under the Sunguvarchattram SRO with a 2024 guideline value ranging from Rs 200 to Rs 900 per sq.ft. The median guideline value for these streets is Rs 350 per sq.ft, making Royal City's 2024 figure of Rs 700 per sq.ft notably above that median.

• Sagayamatha street: Rs 350 per sq.ft (2024)
• Saveriayar Street: Rs 350 per sq.ft (2024)
• Sebastian Avenue: Rs 200 per sq.ft (2024)
• SelvaGanapathy Nagar: Rs 350 per sq.ft (2024)
• Punitha Annal street: Rs 350 per sq.ft (2024)
• P.L Aerocity Phase - II: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Royal City

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total fees to Rs 63,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details on fees applicable to your property transaction.

Which Sub Registrar Office covers Royal City?

The Sub Registrar Office that covers Royal City is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

For more information, you can find your SRO.

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

The guideline value is a crucial factor in the registration process of property transactions in Thirupanthiyoor. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are consistent and transparent for buyers and sellers alike.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable fees. This ensures that the government receives the appropriate revenue from property transactions based on established values.

Frequently asked questions

What is the current guideline value of Royal City?

The current guideline value of Royal City is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained unchanged at Rs 700 per sq.ft from 2017 to 2024, with no figures available for the years 2002, 2003, 2007, and 2012.

What is the land classification of Royal City?

Royal City is classified as Residential Class I Type - II under the guideline value register.

What are the stamp duty and registration fees for property in Royal City?

For a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000 and the registration fee would be Rs 14,000, totaling Rs 63,000.

Which office handles property registrations for Royal City?

The Sunguvarchattram Sub Registrar Office handles property registrations for Royal City, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.