Guideline Value for Royapettah High Road

Royapettah High Road guideline value

The current guideline value of Royapettah High Road is Rs 13,200 per sq.ft, effective from 1 July 2024. This street is located in Mylapore Part 1 village and falls under the Chennai Central Joint I SRO. The land classification for this area is Commercial Special Type - III.

How the guideline value of Royapettah High Road has changed

The guideline value for Royapettah High Road has seen several revisions over the years. The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 12,000 per sq.ft, which increased by 10% to Rs 13,200 per sq.ft in the 2024 revision.

This increase reflects the adjustments made to the guideline value over time. The most recent revision in 2024 marks a significant change from the previous year, indicating a rise in the guideline value for this street.

Guideline values in Mylapore Part 1

In Mylapore Part 1, there are 333 streets under the Chennai Central Joint I SRO, with guideline values ranging from Rs 4,400 to Rs 25,300 per sq.ft. The median guideline value is Rs 8,800 per sq.ft, placing Royapettah High Road's 2024 figure above this median.

• Rosonic Street: Rs 8,700 per sq.ft (2024)
• Reporia Street: Rs 7,700 per sq.ft (2024)
• Rathna Sabapathy Chetty Street: Rs 7,700 per sq.ft (2024)
• Rathna Nagar Main Road: Rs 14,300 per sq.ft (2024)
• Rathna Nagar 2st Street: Rs 14,300 per sq.ft (2024)
• Rathna Nagar 1st Street: Rs 14,300 per sq.ft (2024)

Stamp duty and registration fee for property in Royapettah High Road

For a 1,000 sq.ft plot at the current rate of Rs 13,200 per sq.ft, the guideline value would be Rs 1,32,00,000. The stamp duty at 7% would amount to Rs 9,24,000, and the registration fee at 2% would be Rs 2,64,000, totaling Rs 11,88,000. 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 Royapettah High Road?

The Sub Registrar Office that covers Royapettah High Road is the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Mylapore Part 1

The guideline value is a crucial factor in the registration process when buying or selling property in Mylapore Part 1. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Royapettah High Road?

The current guideline value of Royapettah High Road is Rs 13,200 per sq.ft, effective from 1 July 2024.

How much did the guideline value increase from 2023 to 2024?

The guideline value increased by 10% from Rs 12,000 per sq.ft in 2023 to Rs 13,200 per sq.ft in 2024.

What is the land classification for Royapettah High Road?

The land classification for Royapettah High Road is Commercial Special Type - III.

What are the stamp duty and registration fees for a property on Royapettah High Road?

For a 1,000 sq.ft property, the total stamp duty and registration fees would amount to Rs 11,88,000, based on the current guideline value.

Where can I find the Sub Registrar Office for Royapettah High Road?

The Sub Registrar Office for Royapettah High Road is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.