Guideline Value for Royal Homes

Royal Homes guideline value

The current guideline value of Royal Homes in Karasangal village, under the Sriperumpudur SRO, is Rs 400 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class I Type - I land classification.

How the guideline value of Royal Homes has changed

In the 2012 revision, the guideline value was Rs 400 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 268 per sq.ft, marking a drop of 33%. However, from 2017 to the 2023 revision, the value increased significantly by 49%, bringing it back to Rs 400 per sq.ft. The 2023 revision also maintained the same value of Rs 400 per sq.ft in the 2024 revision, showing no percentage change.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 regarding this street. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 400 per sq.ft.

Guideline values in Karasangal

In Karasangal, there are 59 streets under the Sriperumpudur SRO that have a 2024 guideline value ranging from Rs 100 to Rs 3,550 per sq.ft. The median guideline value in this village is Rs 402 per sq.ft, which means that the guideline value of Royal Homes is below this median.

• RPG Gopika garden: Rs 150 per sq.ft (2024)
• Rathees City: Rs 600 per sq.ft (2024)
• Ram Nagar-I,II,III: Rs 500 per sq.ft (2024)
• Radiance Jade Garden - II: Rs 3,284 per sq.ft (2024)
• Radiance Jade Garden: Rs 3,284 per sq.ft (2024)
• Selva Vinayagar Koil Street: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Royal Homes

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total to Rs 36,000. It is important to 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 more details.

Which Sub Registrar Office covers Royal Homes?

The Royal Homes area falls under the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Karasangal. It determines the minimum value at which the property can be registered, ensuring that the transaction is recorded at a fair value as per government standards.

When registering a property, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the state receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Royal Homes?

The current guideline value of Royal Homes in Karasangal village is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions: it was Rs 400 per sq.ft in 2012, decreased to Rs 268 per sq.ft in 2017, and returned to Rs 400 per sq.ft in 2023 and 2024, with no changes in these last two revisions.

What is the median guideline value in Karasangal?

The median guideline value in Karasangal is Rs 402 per sq.ft, which means that Royal Homes' guideline value is slightly below this median.

What are the stamp duty and registration fees for properties in Royal Homes?

For a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000 and the registration fee would be Rs 8,000, totaling Rs 36,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles the registration for Royal Homes?

The registration for Royal Homes is handled by the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.