Guideline Value for Royal City

Royal City guideline value

The current guideline value of Royal City, located in Puthuper village under the Sriperumpudur SRO, is Rs 400 per sq.ft as per the 2024 revision, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Royal City has changed

Over the years, the guideline value for Royal City has seen several revisions. The 2012 revision set the value at Rs 400 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 400 per sq.ft. The 2017 revision recorded a decrease to Rs 268 per sq.ft, marking a significant drop of 33% from the 2012 figure. The 2024 revision has returned to Rs 400 per sq.ft, showing no change from the previous year.

From 2012 to 2024, the overall change in guideline value is 0%. The increase from 2017 to 2023 was 49%, while the value remained stable from 2023 to 2024, with a change of +0%. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Puthuper

Puthuper village has a total of 39 streets under the Sriperumpudur SRO, with the 2024 guideline values ranging from Rs 100 to Rs 1,350 per sq.ft. The median value for these streets is Rs 400 per sq.ft, which is equal to the guideline value of Royal City.

• Sekar Avenue: Rs 410 per sq.ft (2024)
• Sivashanmugam Nagar: Rs 400 per sq.ft (2024)
• Sivashanmugam Nagar Annex: Rs 400 per sq.ft (2024)
• Sivashanmugam Nagar Annex-III: Rs 400 per sq.ft (2024)
• Perumal Koil Street: Rs 150 per sq.ft (2024)
• Sri Ganapathy Garden: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Royal City

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, making the total amount for these fees Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Royal City?

The Royal City area is covered by the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Puthuper. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the transaction's legitimacy and ensures that both parties are aware of the property's value as recognized by the authorities. This value plays a significant role in the overall registration process, influencing the fees payable during the transaction.

Frequently asked questions

What is the current guideline value of Royal City?

The current guideline value of Royal City is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft since 2012, with a decrease to Rs 268 per sq.ft in 2017, followed by a return to Rs 400 per sq.ft in 2023 and 2024.

What is the land classification for Royal City?

The land classification for Royal City is Residential Special Type - I, indicating its designated use for residential purposes.

What are the stamp duty and registration fees for property in Royal City?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 4,00,000, the total fees would amount to Rs 36,000.

Which office handles registrations for Royal City?

The Sriperumpudur Sub Registrar Office handles registrations for Royal City, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.