Guideline Value for Royal Homes
₹400/sq.ft.
The guideline value for Royal Homes in Katrampakkam B village (Sriperumpudur SRO, Chengalpattu zone) is Rs 400 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.
Last updated:
Chengalpattu
Zone
Katrampakkam B
Village
Sriperumpudur
SRO
Residential Class I Type - I
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹400 /sq.ft. |
| From 1-4-2023 | ₹400 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹268 /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
DRO (District Registrar Office)
No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]
Records for a plot on Royal Homes
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Sriperumpudur sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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Royal Homes guideline value
The current guideline value for Royal Homes, located in Katrampakkam B village under the Sriperumpudur SRO, is Rs 400 per sq.ft as per the 2024 revision effective from 1 July 2024. This property falls under the Residential Class I Type - I land classification.
How the guideline value of Royal Homes has changed
The guideline value for Royal Homes has seen several revisions over the years. The most recent revision in 2024 maintains the value at Rs 400 per sq.ft, which is unchanged from the 2023 revision. Prior to that, the 2017 revision set the value at Rs 268 per sq.ft, marking a significant increase of 49% from 2017 to 2023 and an overall increase of 49% from 2017 to 2024.
It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. Thus, the last recorded change before 2017 was not specified. The guideline value has remained stable at Rs 400 per sq.ft since the 2023 and 2024 revisions.
Guideline values in Katrampakkam B
In Katrampakkam B, there are 44 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 800 per sq.ft, with a median value of Rs 275 per sq.ft. The guideline value for Royal Homes is above this median.
- Ram Nagar: Rs 250 per sq.ft (2024)
- Sathiya Sai Nagar: Rs 250 per sq.ft (2024)
- Selliyamman Koil Street: Rs 300 per sq.ft (2024)
- Quidemillath Nagar: Rs 250 per sq.ft (2024)
- Poongavanaththamman Koil Street: Rs 250 per sq.ft (2024)
- Sifea Nagar: 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 is charged at 7%, resulting in Rs 28,000, and the registration fee at 2% amounts to Rs 8,000. Together, the total fees would be Rs 36,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.
Which Sub Registrar Office covers Royal Homes?
The Royal Homes property falls under the jurisdiction of 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 Katrampakkam B
The guideline value plays a crucial role in the registration process when buying or selling property in Katrampakkam B. It is used to determine the stamp duty and registration fees applicable to the transaction, ensuring that both parties are aware of the financial obligations involved.
When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the stamp duty. This ensures that the government receives the correct amount of revenue based on the actual value of the property being transferred.
Frequently asked questions
What is the current guideline value for Royal Homes?
The current guideline value for Royal Homes in Katrampakkam B village is Rs 400 per sq.ft as per the 2024 revision, effective from 1 July 2024.
How has the guideline value changed over the years?
The guideline value for Royal Homes has remained at Rs 400 per sq.ft since the 2023 and 2024 revisions. Prior to that, it was Rs 268 per sq.ft in 2017, showing a 49% increase from 2017 to 2023 and 2024.
What are the stamp duty and registration fees for Royal Homes?
For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 4,00,000. The stamp duty at 7% is Rs 28,000, and the registration fee at 2% is Rs 8,000, totaling Rs 36,000.
Which Sub Registrar Office covers Royal Homes?
The Sriperumpudur Sub Registrar Office covers Royal Homes, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.
What is the significance of the guideline value when buying property?
The guideline value is essential for determining the stamp duty and registration fees during property transactions. It is compared with the sale price, and the higher value is used to calculate the applicable fees, ensuring compliance with government regulations.
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