Guideline Value for ROYAL CITY

Royal City guideline value

The current guideline value of Royal City, located in Malliyankaranai village under the Uthiramerur SRO, is Rs 401 per sq.ft. This value is effective from 1 July 2024. The land classification for this area is Residential Special Type - II.

How the guideline value of Royal City has changed

Looking at the historical revisions, the guideline value for Royal City was Rs 400 per sq.ft in 2023, which reflects a slight increase of 0% to the current value of Rs 401 per sq.ft in 2024. Prior to that, in 2017, the value was Rs 268 per sq.ft, showing a significant increase of 49% to reach Rs 400 per sq.ft in 2023.

In 2012, the guideline value was Rs 400 per sq.ft, which remained unchanged until the 2024 revision. The revisions for the years 2002, 2003, and 2007 have no figures listed for this street in the register.

Guideline values in Malliyankaranai

In Malliyankaranai, there are 42 streets under the Uthiramerur SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 603 per sq.ft. The median value for these streets is Rs 401 per sq.ft, which matches the guideline value of Royal City.

• Royal Enclave Phase I: Rs 300 per sq.ft (2024)
• Royal Enclave Phase-I Extension: Rs 251 per sq.ft (2024)
• Royal Enclave Phase III: Rs 300 per sq.ft (2024)
• Sai Ram Nagar: Rs 250 per sq.ft (2024)
• Ramji Nagar: Rs 300 per sq.ft (2024)
• Sami Nagar: Rs 250 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 401 per sq.ft, the total guideline value would be Rs 4,01,000. The stamp duty at 7% would amount to Rs 28,070, while the registration fee at 2% would be Rs 8,020. The total cost for these fees would be Rs 36,090. 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 further calculations.

Which Sub Registrar Office covers Royal City?

The Sub Registrar Office that covers Royal City is the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. To find your specific SRO, you can find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Malliyankaranai. It serves as a basis for calculating the stamp duty and registration fees that need to be paid when a property is bought or sold.

When a buyer decides to purchase a property, the guideline value is referenced to determine the applicable fees. This ensures that the transaction is documented accurately in accordance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value for Royal City?

The current guideline value for Royal City is Rs 401 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2023 to Rs 401 per sq.ft in 2024. It was Rs 268 per sq.ft in 2017 and Rs 400 per sq.ft in 2012.

What is the land classification for Royal City?

The land classification for Royal City is Residential Special Type - II.

Where is the Uthiramerur Sub Registrar Office located?

The Uthiramerur Sub Registrar Office is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.

How is stamp duty calculated for properties in Royal City?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the guideline value of Rs 401 per sq.ft, the stamp duty would be Rs 28,070.