Guideline Value for ROYAL CITY

Royal City guideline value

The current guideline value for Royal City, located in Royal Pathoo village under the Thiruporur SRO, is Rs 150 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Royal City has changed

Over the years, the guideline value of Royal City has seen several revisions. The 2012 revision set the guideline value at Rs 150 per sq.ft. This remained unchanged until the 2017 revision, which decreased the value to Rs 100 per sq.ft. However, from 2017 to 2023, the value increased by 50% to Rs 150 per sq.ft. The 2024 revision again set the value at Rs 150 per sq.ft, showing no change from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 150 per sq.ft.

Guideline values in Royal Pathoo

In Royal Pathoo, there are three streets under the Thiruporur SRO that carry a 2024 guideline value, ranging from Rs 126 to Rs 500 per sq.ft. The guideline value for Royal City is equal to the median of Rs 150 per sq.ft. The other streets in Royal Pathoo include:

• Sri Prithyangara Nagar: Rs 126 per sq.ft (2024)
• K.P.S. Nagar Phase - I: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Royal City

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, totaling Rs 13,500. It is important to note that the 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 information.

Which Sub Registrar Office covers Royal City?

The Sub Registrar Office that covers Royal City is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for additional details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Royal Pathoo. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standard valuation.

When a property is sold, the guideline value helps determine the official value of the transaction, which may influence the overall registration process. Buyers and sellers should be aware of the guideline value to understand their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value for Royal City?

The current guideline value for Royal City is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen changes from Rs 150 per sq.ft in 2012 to Rs 100 per sq.ft in 2017, then back to Rs 150 per sq.ft in 2023 and 2024.

What are the guideline values for other streets in Royal Pathoo?

Other streets in Royal Pathoo include Sri Prithyangara Nagar at Rs 126 per sq.ft and K.P.S. Nagar Phase - I at Rs 500 per sq.ft for 2024.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. These fees are based on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Royal City located?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.