Guideline Value for ROYAL STAR PHASE II

Royal Star Phase II guideline value

The current guideline value of Royal Star Phase II is Rs 3,433 per sq.ft. 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 II has changed

The guideline value for Royal Star Phase II has seen significant changes since the 2017 revision, where it was Rs 2,300 per sq.ft. In the 2023 revision, the value increased to Rs 3,433 per sq.ft, maintaining the same rate in the 2024 revision, indicating a 49% rise from 2017 to 2023 and overall from 2017 to 2024.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street. Therefore, the only revisions available are from 2017, 2023, and 2024, with no changes recorded in the last year.

Guideline values in Ayappakkam

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

• Royal Star: Rs 3,300 per sq.ft (2024)
• Royal Star Phase III: Rs 3,433 per sq.ft (2024)
• Royal Star Phase-IV: Rs 3,433 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 II

For a 1,000 sq.ft plot at the current guideline value of Rs 3,433 per sq.ft, the total guideline value amounts to 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, bringing the total to Rs 3,08,970. It is important to note that 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 detailed calculations.

Which Sub Registrar Office covers Royal Star Phase II?

The Sub Registrar Office that covers Royal Star Phase II 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 in the registration process when buying or selling property in Ayappakkam. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the official valuation of the property.

When engaging in a transaction, it is essential to be aware of the guideline value, as it influences the overall cost of the property transfer. Buyers and sellers should ensure that the sale price meets or exceeds the guideline value to avoid any discrepancies during registration.

Frequently asked questions

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

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

How has the guideline value changed over the years?

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

What are the stamp duty and registration fees for property in Royal Star Phase II?

For a property valued at Rs 34,33,000, the stamp duty at 7% is Rs 2,40,310, and the registration fee at 2% is Rs 68,660, totaling Rs 3,08,970.

Which Sub Registrar Office covers Royal Star Phase II?

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

What is the land classification of Royal Star Phase II?

Royal Star Phase II is classified as Residential Class II Type - III, indicating its designation for residential use within the area.