Guideline Value for ROYAL STAR PHASE III

Royal Star Phase III guideline value

The current guideline value of Royal Star Phase III is Rs 3,433 per sq.ft, effective from 1 July 2024. This property is located in Ayappakkam village under the Ambattur SRO, classified as Residential Class II Type - III.

How the guideline value of Royal Star Phase III has changed

The guideline value for Royal Star Phase III has seen several revisions over the years. The 2017 revision set the value at Rs 2,300 per sq.ft, which remained unchanged until the 2023 revision, where it was again Rs 3,433 per sq.ft. The 2024 revision also maintained this value at Rs 3,433 per sq.ft, indicating no change from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2017 to 2024, the increase is also 49%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Ayappakkam

In Ayappakkam, there are 221 streets under the Ambattur SRO with a guideline value for 2024 ranging from Rs 550 to Rs 4,000 per sq.ft. The median value is Rs 1,300 per sq.ft, placing Royal Star Phase III's guideline value above this median.

• Royal Star Phase II: Rs 3,433 per sq.ft (2024)
• Royal Star Phase-IV: Rs 3,433 per sq.ft (2024)
• Royal Star: Rs 3,300 per sq.ft (2024)
• RuckmaniAmmal Street(Santhosh nagar): Rs 1,100 per sq.ft (2024)
• R..V. Kamalammal Street: Rs 1,100 per sq.ft (2024)
• Sakthi Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Royal Star Phase III

For a 1,000 sq.ft plot at the current guideline value of Rs 3,433 per sq.ft, the total guideline value would be Rs 34,33,000. The stamp duty at 7% would be Rs 2,40,310, and the registration fee at 2% would be Rs 68,660, making the total fees together Rs 3,08,970. 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 further calculations.

Which Sub Registrar Office covers Royal Star Phase III?

The Sub Registrar Office that covers Royal Star Phase III is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property transactions in Ayappakkam. It serves as the basis for calculating stamp duty and registration fees, which are mandatory costs incurred during the buying or selling process.

When you register a property, the guideline value or the sale price, whichever is higher, will determine the applicable duties. This ensures that the government receives appropriate revenue based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Royal Star Phase III?

The current guideline value of Royal Star Phase III is Rs 3,433 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 2,300 per sq.ft in 2017 to Rs 3,433 per sq.ft in both 2023 and 2024, resulting in a 49% increase over this period.

What is the land classification for Royal Star Phase III?

Royal Star Phase III is classified as Residential Class II Type - III, indicating its designation for residential purposes.

Where can I find the Sub Registrar Office for Royal Star Phase III?

The Ambattur Sub Registrar Office covers Royal Star Phase III, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated for properties in Ayappakkam?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value incurs a stamp duty of Rs 2,40,310.