Guideline Value for ROYAL STAR

Royal Star guideline value

The current guideline value of Royal Star in Ayappakkam village is Rs 3,300 per sq.ft, effective from 1 July 2024. This property falls under the Ambattur Sub Registrar Office (SRO) and is classified as Commercial Class I Type - I.

How the guideline value of Royal Star has changed

The guideline value for Royal Star has seen several revisions over the years. The 2017 revision set the value at Rs 2,010 per sq.ft, which increased to Rs 3,000 per sq.ft in the 2023 revision. The latest revision in 2024 raised the value to Rs 3,300 per sq.ft, marking a 10% increase from 2023. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

There are no figures available in the register for the years 2002, 2003, 2007, and 2012 for this street. The significant changes in guideline values reflect the adjustments made over the years, with a notable 49% increase from 2017 to 2023.

Guideline values in Ayappakkam

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

• Royal Star Phase II: Rs 3,433 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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total fees to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Royal Star?

The Royal Star property is covered by the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai. You can find your SRO for more details.

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

The guideline value is a critical factor during the registration process of property transactions in Ayappakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the official valuation set by the government.

When buying or selling property, the guideline value helps establish a fair price for the transaction, which is important for both buyers and sellers. It is essential to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Royal Star?

The current guideline value of Royal Star is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 2,010 per sq.ft in 2017 to Rs 3,300 per sq.ft in 2024, marking a total increase of 64% over this period.

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

For a 1,000 sq.ft plot at the guideline value of Rs 3,300 per sq.ft, the total guideline value is Rs 33,00,000. The stamp duty would be Rs 2,31,000, and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which Sub Registrar Office covers the Royal Star area?

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

What is the median guideline value in Ayappakkam?

The median guideline value in Ayappakkam is Rs 1,300 per sq.ft, with Royal Star's 2024 figure of Rs 3,300 per sq.ft being above this median.