Guideline Value for ROYAL ENCLAVE PHASE-I EXTENSION

Royal Enclave Phase-I Extension guideline value

The current guideline value for Royal Enclave Phase-I Extension is Rs 251 per sq.ft. This property is located in Malliyankaranai village, under the Uthiramerur SRO. The land classification for this area is Residential Class III Type - V.

How the guideline value of Royal Enclave Phase-I Extension has changed

The guideline value for Royal Enclave Phase-I Extension has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 251 per sq.ft, which remains unchanged from the 2023 revision. Prior to that, the 2017 revision recorded a guideline value of Rs 167 per sq.ft. There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 50%, and from 2017 to 2024, it has also risen by 50%. However, there has been no change in the guideline value from 2023 to 2024.

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, with a median value of Rs 401 per sq.ft. The guideline value for Royal Enclave Phase-I Extension is below this median.

• Royal Enclave Phase I: Rs 300 per sq.ft (2024)
• Royal Enclave Phase III: Rs 300 per sq.ft (2024)
• Royal City: Rs 401 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 Enclave Phase-I Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 251 per sq.ft, the total guideline value amounts to Rs 2,51,000. The stamp duty at 7% would be Rs 17,570, and the registration fee at 2% would be Rs 5,020, making the total fees Rs 22,590. 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 accurate calculations based on your specific property details.

Which Sub Registrar Office covers Royal Enclave Phase-I Extension?

The Royal Enclave Phase-I Extension falls under the jurisdiction of the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Malliyankaranai. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

When you register a property, the guideline value is considered to ensure that the transaction is conducted at a fair value. This helps in maintaining transparency in property dealings and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value for Royal Enclave Phase-I Extension?

The current guideline value for Royal Enclave Phase-I Extension is Rs 251 per sq.ft, effective from July 1, 2024.

How much has the guideline value changed over the years?

The guideline value has remained unchanged from 2023 to 2024 at Rs 251 per sq.ft. It increased by 50% from Rs 167 per sq.ft in 2017 to Rs 251 per sq.ft in 2023.

What is the land classification for Royal Enclave Phase-I Extension?

The land classification for Royal Enclave Phase-I Extension is Residential Class III Type - V, indicating its suitability for residential purposes.

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 Malliyankaranai?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 2,51,000 would incur a stamp duty of Rs 17,570 at a rate of 7%.