Guideline Value for ROYAL ENCLAVE

Royal Enclave guideline value

The current guideline value of Royal Enclave in Erandankattalai village is Rs 2,465 per sq.ft, effective from 1 July 2024. This property falls under the Pammal Sub Registrar Office (SRO) and is classified as Residential Special Type - V.

How the guideline value of Royal Enclave has changed

The guideline value for Royal Enclave has seen several revisions over the years. The 2017 revision recorded a guideline value of Rs 1,500 per sq.ft, which remained unchanged in the 2023 revision. However, the 2024 revision marked a significant increase to Rs 2,465 per sq.ft, reflecting a change of +64% from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value increased by +64%. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Guideline values in Erandankattalai

In Erandankattalai, there are 60 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 770 to Rs 4,270 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value for Royal Enclave is above this median.

• Sadhanandhapuram: Rs 1,100 per sq.ft (2024)
• Reddy Street: Rs 1,100 per sq.ft (2024)
• Sai Nagar: Rs 2,300 per sq.ft (2024)
• Samayapuram: Rs 1,100 per sq.ft (2024)
• Samayapuram Extn -I: Rs 1,100 per sq.ft (2024)
• Samayapuram Extn -II: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Royal Enclave

For a 1,000 sq.ft plot at the current guideline value of Rs 2,465 per sq.ft, the total guideline value amounts to Rs 24,65,000. The stamp duty at 7% would be Rs 1,72,550, and the registration fee at 2% would be Rs 49,300, bringing the total charges to Rs 2,21,850. Note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Royal Enclave?

The Royal Enclave is covered by the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when registering property transactions in Erandankattalai. It determines the amount of stamp duty and registration fees that need to be paid, which are calculated based on the guideline value or the sale price, whichever is higher.

When buying or selling property, both parties should be aware of the current guideline value as it affects the overall cost of the transaction. It is essential to ensure that the property is registered at the correct guideline value to avoid any legal issues in the future.

Frequently asked questions

What is the current guideline value of Royal Enclave?

The current guideline value of Royal Enclave is Rs 2,465 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Royal Enclave was Rs 1,500 per sq.ft in both the 2017 and 2023 revisions. It increased to Rs 2,465 per sq.ft in the 2024 revision, marking a change of +64% from 2023.

What is the land classification of Royal Enclave?

Royal Enclave is classified as Residential Special Type - V, which indicates its designated use for residential purposes.

What are the stamp duty and registration fees for Royal Enclave?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty is Rs 1,72,550, and the registration fee is Rs 49,300, totaling Rs 2,21,850.

Which office handles registrations for Royal Enclave?

The Pammal Sub Registrar Office handles registrations for Royal Enclave, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.