Guideline Value for Royal Enclave Phase I

Royal Enclave Phase I guideline value

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

How the guideline value of Royal Enclave Phase I has changed

According to the guideline value register, the 2023 revision set the value at Rs 300 per sq.ft. The subsequent 2024 revision maintained this rate at Rs 300 per sq.ft, indicating no change between these two revisions (+0%). The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

In summary, the guideline value has remained consistent at Rs 300 per sq.ft since the 2023 revision. There have been no recorded changes in the guideline value for Royal Enclave Phase I in the previous revisions mentioned.

Guideline values in Thalavaram Poondi

Currently, there are no specific village figures available for Thalavaram Poondi. The Royal Enclave Phase I is the only street listed under the guideline value register for this area.

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

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, making the total Rs 27,000. 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 more details.

Which Sub Registrar Office covers Royal Enclave Phase I?

The Royal Enclave Phase I falls under the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Thalavaram Poondi, as it determines the minimum value at which properties can be registered. This value is used to calculate the stamp duty and registration fees, which are mandatory for legal ownership transfer.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, protecting both the buyer and the seller. It is essential to refer to the latest revisions of the guideline value to ensure compliance with local regulations.

Frequently asked questions

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

The current guideline value of Royal Enclave Phase I 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 consistent at Rs 300 per sq.ft since the 2023 revision, with no changes recorded in the previous revisions for this street.

What is the stamp duty rate applicable to Royal Enclave Phase I?

The stamp duty for properties in Royal Enclave Phase I is charged at a rate of 7% on the guideline value or sale price, whichever is higher.

Where can I find the Uthiramerur Sub Registrar Office?

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

How is the guideline value determined for properties?

The guideline value is determined by the Registration Department and is based on various factors, including land classification and location. It is updated periodically to reflect current market conditions.