Guideline Value for Royal Star Phase-IV

Royal Star Phase-IV guideline value

The current guideline value of Royal Star Phase-IV is Rs 3,433 per sq.ft, effective from 1 July 2024. This property is located in Ayappakkam village under the Ambattur SRO, classified as Residential Class II Type - III.

How the guideline value of Royal Star Phase-IV has changed

As per the register, the guideline value for Royal Star Phase-IV has remained consistent at Rs 3,433 per sq.ft for both the 2023 and 2024 revisions. Prior to these revisions, the register has no figures for this street in the years 2002, 2003, 2007, 2012, and 2017.

With no changes recorded in the years mentioned, the guideline value shows a change of +0% from 2023 to 2024. This indicates stability in the valuation for this property over the last two years.

Guideline values in Ayappakkam

In Ayappakkam, there are 221 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 4,000 per sq.ft, with a median value of Rs 1,300 per sq.ft. The guideline value for Royal Star Phase-IV is above this median, reflecting its position within the local market.

• Royal Star Phase III: Rs 3,433 per sq.ft (2024)
• Royal Star Phase II: Rs 3,433 per sq.ft (2024)
• Royal Star: Rs 3,300 per sq.ft (2024)
• RuckmaniAmmal Street(Santhosh nagar): Rs 1,100 per sq.ft (2024)
• R..V. Kamalammal Street: Rs 1,100 per sq.ft (2024)
• Sakthi Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Royal Star Phase-IV

For a 1,000 sq.ft plot at the current guideline value of Rs 3,433 per sq.ft, the total guideline value amounts to Rs 34,33,000. The stamp duty at 7% would be Rs 2,40,310, and the registration fee at 2% would be Rs 68,660, bringing the total to Rs 3,08,970. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Royal Star Phase-IV?

The Royal Star Phase-IV property falls under the jurisdiction of the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Ayappakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is considered to ensure that the transaction is recorded accurately and that the appropriate fees are collected. This helps maintain transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Royal Star Phase-IV?

The current guideline value of Royal Star Phase-IV is Rs 3,433 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Royal Star Phase-IV has remained the same at Rs 3,433 per sq.ft for the 2023 and 2024 revisions. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification of Royal Star Phase-IV?

Royal Star Phase-IV is classified as Residential Class II Type - III, indicating its designation for residential purposes within the local planning framework.

What are the stamp duty and registration fees for property in Royal Star Phase-IV?

For a property valued at Rs 34,33,000, the stamp duty would be Rs 2,40,310 and the registration fee would be Rs 68,660, totaling Rs 3,08,970. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for Royal Star Phase-IV?

The Ambattur Sub Registrar Office handles registrations for Royal Star Phase-IV, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai.