Guideline Value for Royal Enclave Phase I

Royal Enclave Phase I guideline value

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

How the guideline value of Royal Enclave Phase I has changed

In the 2023 revision, the guideline value for Royal Enclave Phase I was also set at Rs 300 per sq.ft. There has been no change in the guideline value from 2023 to 2024, reflecting a 0% increase.

For the years prior to 2023, the register has no figure for this street in 2017, 2012, 2007, 2003, and 2002. This means that the guideline value has remained consistent at Rs 300 per sq.ft since the 2023 revision.

Guideline values in Malliyankaranai

In Malliyankaranai, there are 42 streets under the Uthiramerur SRO that carry 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 for Royal Enclave Phase I is below this median.

• Royal Enclave Phase-I Extension: Rs 251 per sq.ft (2024)
• Royal Enclave Phase III: 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 I

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

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Royal Enclave Phase I?

The Royal Enclave Phase I 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 further assistance.

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

The guideline value is an essential factor when registering a property in Malliyankaranai. It determines the minimum amount on which stamp duty and registration fees are calculated, ensuring that the transaction is officially recorded at a fair value.

When buying or selling property, the guideline value serves as a benchmark for property transactions. Buyers and sellers must be aware of this value to understand the financial implications during the registration process.

Frequently asked questions

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

The current guideline value for 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 for Royal Enclave Phase I has remained at Rs 300 per sq.ft since the 2023 revision, with no changes in the years prior as the register has no figures for those years.

What is the land classification for Royal Enclave Phase I?

Royal Enclave Phase I is classified as Residential Special Type - I, which indicates its intended use for residential purposes.

What are the stamp duty and registration fees for a property in Royal Enclave Phase I?

For a 1,000 sq.ft plot, the total guideline value would be Rs 3,00,000, resulting in a stamp duty of Rs 21,000 and a registration fee of Rs 6,000, totaling Rs 27,000.

Where is the Sub Registrar Office for Royal Enclave Phase I located?

The Uthiramerur Sub Registrar Office, which covers Royal Enclave Phase I, is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.