Guideline Value for ROYAL MAJESTIC COMPOUND

Royal Majestic Compound guideline value

The current guideline value of Royal Majestic Compound is Rs 600 per sq.ft. This property is located in Nemmeli village, under the Thiruporur SRO, and falls under the Residential Class I Type - I land classification.

How the guideline value of Royal Majestic Compound has changed

According to the guideline value register, the revisions for Royal Majestic Compound show no figures for the years 2002, 2003, 2007, 2012, and 2017. The only available revision is from 2023, which lists the guideline value at Rs 600 per sq.ft.

Since there are no changes between the revisions, the guideline value has remained consistent at Rs 600 per sq.ft since the 2023 revision.

Guideline values in Nemmeli

Currently, there are no specific village figures available for Nemmeli. Royal Majestic Compound is situated within this village, and there are no other streets in Nemmeli under the Thiruporur SRO listed.

Stamp duty and registration fee for property in Royal Majestic Compound

For a 1,000 sq.ft plot at the current rate of Rs 600 per sq.ft, the guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, totaling Rs 54,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Royal Majestic Compound?

The Royal Majestic Compound is covered by the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Nemmeli. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on a standardized valuation.

When buying or selling property, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable duties. This ensures that the government receives the appropriate fees based on the property’s value at the time of the transaction.

Frequently asked questions

What is the current guideline value for Royal Majestic Compound?

The current guideline value for Royal Majestic Compound is Rs 600 per sq.ft, as per the 2023 revision.

How often do guideline values get revised?

Guideline values are revised periodically, but for Royal Majestic Compound, there are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2017. The latest revision is from 2023.

What is the stamp duty rate for properties in Royal Majestic Compound?

The stamp duty rate for properties in Royal Majestic Compound is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Thiruporur Sub Registrar Office?

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

How is the registration fee calculated for properties in Royal Majestic Compound?

The registration fee for properties in Royal Majestic Compound is calculated at 2% of the guideline value or the sale price, whichever is higher.