Guideline Value for ROYAL ENCLAVE

Royal Enclave guideline value

The current guideline value of Royal Enclave, located in Nelllikuppam village, is Rs 1,250 per sq.ft. This value comes from the 2024 revision, which is effective from 1 July 2024. The land classification for this area is Residential Class I Type - II.

How the guideline value of Royal Enclave has changed

Looking at the revisions, there have been several years where the guideline value was not specified for Royal Enclave. The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2017. However, the guideline value for the 2023 revision was Rs 1,250 per sq.ft, which is the same as the current figure for 2024.

From the 2023 revision to the 2024 revision, there has been no change, with the guideline value remaining at Rs 1,250 per sq.ft. This consistency indicates a stable valuation for this property over the last two years.

Guideline values in Nelllikuppam

Nelllikuppam has a total of 45 streets under the Thiruporur SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 1,600 per sq.ft. The median guideline value for these streets is Rs 1,000 per sq.ft, placing the Royal Enclave's value above this median.

• Ranga Thangaiyya Nagar Phase III: Rs 1,250 per sq.ft (2024)
• Ranga Thangaiyya Nagar Phase II: Rs 1,250 per sq.ft (2024)
• Ranga Thangaiyya Nagar Phase I: Rs 1,250 per sq.ft (2024)
• Serasa Commercial Zone: Rs 1,500 per sq.ft (2024)
• Pristine Garden: Rs 1,200 per sq.ft (2024)
• Sri Mangalambigai Nagar: Rs 670 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 1,250 per sq.ft, the total guideline value would be Rs 12,50,000. The stamp duty at 7% would amount to Rs 87,500, and the registration fee at 2% would be Rs 25,000, resulting in a total of Rs 1,12,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Royal Enclave?

The Royal Enclave falls under the jurisdiction of the Thiruporur Sub Registrar Office. The office is located at No.29, South Mada Street, Thiruporur-603110, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Nelllikuppam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is transparent and fair.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions, regardless of the sale price agreed upon by the buyer and seller.

Frequently asked questions

What is the current guideline value of Royal Enclave?

The current guideline value of Royal Enclave is Rs 1,250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Royal Enclave has remained at Rs 1,250 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value in Nelllikuppam?

The median guideline value for the 45 streets in Nelllikuppam is Rs 1,000 per sq.ft. Royal Enclave's value is above this median.

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

For a 1,000 sq.ft plot at the guideline value of Rs 1,250 per sq.ft, the total guideline value is Rs 12,50,000. The stamp duty would be Rs 87,500, and the registration fee would be Rs 25,000, totaling Rs 1,12,500.

Where is the Thiruporur Sub Registrar Office located?

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