I don't know the city. But just base on the population alone, I can say, its not registration fee. Reason is it fits extension perfectly.
1-properties for rent/sale
2-travel tours
3-online classify ads
Are you in India the poet? Have you tried printing flyers and advertise it? I think you could easily get 1-5K to end users, especially property developers, who may be willing to pay more. You can make a very lucrative site with just buy and selling properties in that city.
Don't you agree? Property for sale/renting etc.,?
Do you need real development? I am opening up my own development company in 2011, we could partner up or I can give you a really low price on development.
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I think its a very nice domain, the problem I see is, you are having it parked...which diminishes what potential buyers can see in it.
---------- Post added at 05:20 PM ---------- Previous post was at 05:02 PM ----------
For reseller I can see at least 10% of the end user price. Which is worth at least $100. NO kidding.
It is not registration fee for reseller, and definitely not for end users.