Guideline Value for Royal Enclave Phase III

Royal Enclave Phase III guideline value

The current guideline value of Royal Enclave Phase III is Rs 300 per sq.ft, effective from 1 July 2024. This property is located in Malliyankaranai village under the Uthiramerur SRO, classified as Residential Special Type - I.

How the guideline value of Royal Enclave Phase III has changed

The guideline value for Royal Enclave Phase III has remained consistent at Rs 300 per sq.ft since the 2023 revision, which also recorded the same figure. Prior to that, the register has no figure for this street from the revisions in 2002, 2003, 2007, 2012, and 2017.

As per the 2024 revision, the guideline value has not changed from the previous year, reflecting a 0% increase from 2023 to 2024. This stability indicates that the value has been maintained over the last two revisions.

Guideline values in Malliyankaranai

In Malliyankaranai, there are 42 streets under the Uthiramerur SRO with a 2024 guideline value ranging from Rs 200 to Rs 603 per sq.ft, with a median value of Rs 401 per sq.ft. The guideline value of Royal Enclave Phase III is below this median.

• Royal Enclave Phase-I Extension: Rs 251 per sq.ft (2024)
• Royal Enclave Phase I: Rs 300 per sq.ft (2024)
• Royal City: Rs 401 per sq.ft (2024)
• Sai Ram Nagar: Rs 250 per sq.ft (2024)
• Ramji Nagar: Rs 300 per sq.ft (2024)
• Sami Nagar: Rs 250 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Royal Enclave Phase III?

The Royal Enclave Phase III is covered by the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering a property in Malliyankaranai, as it determines the amount of stamp duty and registration fees payable. Buyers and sellers should be aware that the guideline value can influence the overall cost of the transaction.

When a property is sold, the registration office uses the guideline value to ensure that the appropriate taxes are collected. It is essential for both parties to understand this value to avoid any discrepancies during the registration process.

Frequently asked questions

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

The current guideline value of Royal Enclave Phase III is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft since the 2023 revision, with no figures available from earlier revisions in 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value in Malliyankaranai?

The median guideline value in Malliyankaranai is Rs 401 per sq.ft, with Royal Enclave Phase III's value being below this median.

What are the stamp duty and registration fees for buying property here?

For a 1,000 sq.ft plot at Rs 300 per sq.ft, the total guideline value is Rs 3,00,000. The stamp duty would be Rs 21,000, and the registration fee would be Rs 6,000, totaling Rs 27,000.

Where is the Sub Registrar Office for Royal Enclave Phase III?

The Uthiramerur Sub Registrar Office is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.