Guideline Value for Royal Diamond City

Royal Diamond City guideline value

The current guideline value of Royal Diamond City, located in Periyapalayam village under the Arani_Tiruvallur SRO, is Rs 402 per sq.ft as per the 2024 revision effective from 1 July 2024. The land classification for this area is Commercial Special Type - III.

How the guideline value of Royal Diamond City has changed

Since the 2017 revision, the guideline value for Royal Diamond City has remained constant at Rs 402 per sq.ft. The 2023 revision also recorded the same figure of Rs 402 per sq.ft, and the 2024 revision has not changed this value, maintaining it at Rs 402 per sq.ft. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the 2024 revision, there has been no change in the guideline value, reflecting a consistent value of Rs 402 per sq.ft across these years.

Guideline values in Periyapalayam

In Periyapalayam, there are 31 streets under the Arani_Tiruvallur SRO that carry a 2024 guideline value ranging from Rs 160 to Rs 600 per sq.ft, with a median value of Rs 200 per sq.ft. Royal Diamond City's 2024 guideline value is above this median.

• R.K. Nagar: Rs 300 per sq.ft (2024)
• Sri Balaji Nagar: Rs 200 per sq.ft (2024)
• Periyapalayam Shri Bhavani Amman Nagar: Rs 160 per sq.ft (2024)
• Periyapalayam - Chennai Road: Rs 400 per sq.ft (2024)
• Panayancheri nagar: Rs 160 per sq.ft (2024)
• Sri Sakthi Avenue: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Royal Diamond City

For a 1,000 sq.ft plot at the current guideline value of Rs 402 per sq.ft, the total guideline value would be Rs 4,02,000. The stamp duty at 7% would amount to Rs 28,140, and the registration fee at 2% would be Rs 8,040, totaling Rs 36,180. Please note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Royal Diamond City?

The Sub Registrar Office covering Royal Diamond City is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, ponneri(tk), thiruvallur(dt) - 601 101, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration of property transactions in Periyapalayam. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a benchmark for both parties. If the sale price is lower than the guideline value, the higher guideline value will be used for calculating the applicable fees and duties.

Frequently asked questions

What is the current guideline value of Royal Diamond City?

The current guideline value of Royal Diamond City is Rs 402 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Royal Diamond City has remained constant at Rs 402 per sq.ft since the 2017 revision, with no changes recorded in the 2023 and 2024 revisions.

What is the land classification for Royal Diamond City?

The land classification for Royal Diamond City is Commercial Special Type - III, indicating its designated use for commercial purposes.

What are the guideline values for other streets in Periyapalayam?

Other streets in Periyapalayam have varying guideline values ranging from Rs 160 to Rs 600 per sq.ft. The median value for these streets is Rs 200 per sq.ft.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value, while the registration fee is charged at 2%. These fees are based on the higher of the guideline value or the sale price of the property.