Guideline Value

Corporate

Guideline Value for Royal Nagar

₹550/sq.ft.

The guideline value for Royal Nagar in Pammathukulam village (Redhills SRO, Chennai zone) is Rs 550 per sq.ft, effective 1 July 2024. It was Rs 500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pammathukulam

Village

Redhills

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹550 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹100 /sq.ft.
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)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[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 Nagar

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Royal Nagar guideline value

The current guideline value of Royal Nagar, located in Pammathukulam village under the Redhills SRO, is Rs 550 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - I.

How the guideline value of Royal Nagar has changed

Over the years, the guideline value for Royal Nagar has seen several revisions. The earliest recorded figure is from 2007, where the value was Rs 100 per sq.ft. This increased significantly to Rs 500 per sq.ft in 2012, marking a remarkable rise of 400%. However, in 2017, the value dropped to Rs 335 per sq.ft, a decrease of 33%. The value then rose to Rs 500 per sq.ft in 2023, and most recently, it has been revised to Rs 550 per sq.ft in 2024, reflecting a 10% increase from the previous year.

The guideline value register does not have figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 450%.

Guideline values in Pammathukulam

Pammathukulam village has a total of 101 streets under the Redhills SRO, with guideline values ranging from Rs 330 to Rs 825 per sq.ft. The median value is Rs 550 per sq.ft, which is equal to the current guideline value for Royal Nagar.

Stamp duty and registration fee for property in Royal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total fees to Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Royal Nagar?

The Sub Registrar Office that covers Royal Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Pammathukulam. It is used to determine the stamp duty and registration fees that buyers and sellers must pay when completing a property transaction. This value is set by the government and is regularly revised to reflect changes in the real estate market.

When purchasing a property, the guideline value helps ensure that the transaction is recorded at a fair value, which is essential for tax purposes. Buyers should be aware that the registration process will require payment based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Royal Nagar?

The current guideline value of Royal Nagar is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2007 to Rs 550 per sq.ft in 2024, showing an overall increase of 450% over this period.

What are the other streets with the same guideline value in Pammathukulam?

Other streets in Pammathukulam with the same guideline value of Rs 550 per sq.ft include R.G. Nagar, Saddam Hussain Nagar, Rajiv Gandhi Nagar, Rahumath Avenue, and Raghavendra Nagar.

What fees are associated with buying property in Royal Nagar?

The fees associated with buying property in Royal Nagar include a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Royal Nagar located?

The Sub Registrar Office for Royal Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.