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Guideline Value

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Guideline Value for Royal Green city Phase -III

₹200/sq.ft.

The guideline value for Royal Green City Phase -iii in Medur village (Ponneri SRO, Chennai zone) is Rs 200 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Medur

Village

Ponneri

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹200 /sq.ft.
From 1-4-2023 ₹200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹134 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

9/5,taluk Office Road, Ponneri, Chennai-601204
044-27974517
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Royal Green City Phase -iii

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Royal Green city Phase -III guideline value

The current guideline value for Royal Green city Phase -III is Rs 200 per sq.ft, effective from 1 July 2024. This property is located in Medur village under the Ponneri Sub Registrar Office (SRO) and is classified as Residential Class II Type - I.

How the guideline value of Royal Green city Phase -III has changed

The guideline value for Royal Green city Phase -III has undergone several revisions over the years. The 2017 revision set the value at Rs 134 per sq.ft, which increased to Rs 200 per sq.ft in both the 2023 and 2024 revisions. There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

From 2017 to 2023, the guideline value increased by 49%. The most recent revision from 2023 to 2024 saw no change, maintaining the value at Rs 200 per sq.ft. Overall, from 2017 to 2024, there has been a 49% increase in the guideline value.

Guideline values in Medur

In Medur village, there are six streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 450 per sq.ft, with a median value of Rs 225 per sq.ft. The guideline value for Royal Green city Phase -III is below this median.

Stamp duty and registration fee for property in Royal Green city Phase -III

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total fees to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Royal Green city Phase -III?

The Royal Green city Phase -III is covered by the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for additional information.

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

The guideline value is an essential factor when registering property in Medur. It is used to calculate the stamp duty and registration fees that buyers must pay during the property transaction process.

When a property is sold, the guideline value provides a baseline for determining the official value of the property for registration purposes, ensuring that all transactions are conducted transparently and with accurate valuations.

Frequently asked questions

What is the current guideline value for Royal Green city Phase -III?

The current guideline value for Royal Green city Phase -III is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023 and 2024, representing a 49% increase from 2017 to 2023 and maintaining that value into 2024.

What is the stamp duty for properties in Royal Green city Phase -III?

The stamp duty for properties in Royal Green city Phase -III is 7% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a stamp duty of Rs 14,000.

Where can I find the Ponneri Sub Registrar Office?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. This office handles registrations for properties in the area.

What other streets in Medur have guideline values?

Other streets in Medur under the Ponneri SRO include New Bhairavi Garden, Thirumagal Nagar, Mani Naidu Garden, Lucky Star City, and A.R.Garden, with guideline values ranging from Rs 200 to Rs 450 per sq.ft.