Guideline Value

Corporate

Guideline Value for ROYAL ETERNITY

₹5800/sq.ft.

The guideline value for Royal Eternity in Sholinganallur - 1 village (Neelankarai SRO, Chennai zone) is Rs 5800 per sq.ft, effective 1 July 2024. It was Rs 5250 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sholinganallur - 1

Village

Neelankarai

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹5800 /sq.ft.
From 1-4-2023 ₹5250 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3517 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]

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Royal Eternity guideline value

The current guideline value of Royal Eternity is Rs 5,800 per sq.ft, effective from 1 July 2024. This property is located in the village of Sholinganallur - 1, under the Neelankarai SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Royal Eternity has changed

Since the 2017 revision, the guideline value has seen significant increases. The 2017 revision recorded a value of Rs 3,517 per sq.ft, which rose to Rs 5,250 per sq.ft in the 2023 revision, marking a 49% increase. The most recent revision in 2024 shows a further increase to Rs 5,800 per sq.ft, which is a 10% rise from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 65%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing the guideline value of Royal Eternity above this median.

Stamp duty and registration fee for property in Royal Eternity

For a 1,000 sq.ft plot at the current guideline value of Rs 5,800 per sq.ft, the total guideline value would be Rs 58,00,000. The stamp duty at 7% would amount to Rs 4,06,000, and the registration fee at 2% would be Rs 1,16,000, making the total fees Rs 5,22,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Royal Eternity?

The Royal Eternity property falls under the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value is a crucial factor in the property registration process. It determines the minimum value at which a property can be registered and is used to calculate the applicable stamp duty and registration fees.

When buying or selling property in Sholinganallur - 1, it is essential to consider the guideline value, as it directly impacts the financial obligations during the registration process. Buyers should ensure they are aware of the current guideline value to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of Royal Eternity?

The current guideline value of Royal Eternity is Rs 5,800 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 65% from Rs 3,517 per sq.ft to Rs 5,800 per sq.ft in 2024. The increase from 2023 to 2024 is 10%, while the increase from 2017 to 2023 was 49%.

What are the guideline values of other streets in Sholinganallur - 1?

Other streets in Sholinganallur - 1 have varying guideline values, with Royal Compound at Rs 4,400 per sq.ft, Rmd Nagar at Rs 1,700 per sq.ft, and Sai Baba Garden at Rs 2,800 per sq.ft, among others.

What fees are associated with buying property in Royal Eternity?

When purchasing property in Royal Eternity, buyers should expect to pay stamp duty at 7% and a registration fee at 2% of the guideline value. For a 1,000 sq.ft plot, these fees would total Rs 5,22,000.

Where can I find the Sub Registrar Office for Royal Eternity?

The Neelankarai Sub Registrar Office covers Royal Eternity and is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.