Guideline Value for S.R.D. Royal City Annexe

S.R.D. Royal City Annexe guideline value

The current guideline value of S.R.D. Royal City Annexe is Rs 935 per sq.ft, effective from 1 July 2024. This property is located in Malayambakkam village and falls under the Kunrathur SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of S.R.D. Royal City Annexe has changed

The guideline value for S.R.D. Royal City Annexe has seen several revisions over the years. In 2007, the guideline value was Rs 200 per sq.ft, which increased significantly to Rs 850 per sq.ft in 2012, marking a rise of 325%. However, from 2012 to 2017, the value decreased to Rs 569 per sq.ft, a drop of 33%. The value then climbed to Rs 850 per sq.ft in 2023, before reaching the current rate of Rs 935 per sq.ft in 2024, reflecting a 10% increase.

Overall, from 2007 to 2024, the guideline value has increased by 368%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Malayambakkam

In Malayambakkam, there are 82 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 450 to Rs 2,750 per sq.ft. The median value is Rs 935 per sq.ft, which is equal to the guideline value of S.R.D. Royal City Annexe.

• S.R.D. Nagar: Rs 935 per sq.ft (2024)
• S.M Nagar: Rs 935 per sq.ft (2024)
• Sri Boopathy Nagar: Rs 2,200 per sq.ft (2024)
• Sri Ganapathy Nagar: Rs 935 per sq.ft (2024)
• Sri Gayathiri Doctor's Enclave: Rs 880 per sq.ft (2024)
• Sri Janani Nagar: Rs 935 per sq.ft (2024)

Stamp duty and registration fee for property in S.R.D. Royal City Annexe

For a 1,000 sq.ft plot at the current guideline value of Rs 935 per sq.ft, the total guideline value would amount to Rs 9,35,000. The stamp duty at 7% would be Rs 65,450, and the registration fee at 2% would be Rs 18,700, making the total charges Rs 84,150. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers S.R.D. Royal City Annexe?

The S.R.D. Royal City Annexe is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Malayambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

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

Frequently asked questions

What is the current guideline value of S.R.D. Royal City Annexe?

The current guideline value of S.R.D. Royal City Annexe is Rs 935 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 935 per sq.ft in 2024, reflecting an overall increase of 368% over the years.

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

Other streets in Malayambakkam with the same guideline value of Rs 935 per sq.ft include S.R.D. Nagar, S.M Nagar, Sri Ganapathy Nagar, and Sri Janani Nagar.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in S.R.D. Royal City Annexe is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for S.R.D. Royal City Annexe?

The Sub Registrar Office covering S.R.D. Royal City Annexe is located at No.59, Road Street, Kundrathur, Chennai -600 069.