Guideline Value for PRABHU NAGAR 4TH CROSS STREET

Prabhu Nagar 4th Cross Street guideline value

The current guideline value of Prabhu Nagar 4th Cross Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Perumbakkam village and falls under the Selaiyur SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Prabhu Nagar 4th Cross Street has changed

The guideline value for Prabhu Nagar 4th Cross Street has undergone several revisions over the years. The earliest recorded revision is from 2012, where the guideline value was Rs 2,200 per sq.ft. This was followed by a decrease to Rs 1,474 per sq.ft in the 2017 revision. However, the value saw a significant increase in the subsequent revisions, rising to Rs 2,500 per sq.ft in 2023, and finally reaching Rs 2,750 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2012 to 2017, the guideline value decreased by 33%, but from 2017 to 2023, it increased by 70%. Overall, comparing the 2012 and 2024 revisions, there is a 25% increase in the guideline value. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Perumbakkam

In Perumbakkam, there are 225 streets under the Selaiyur SRO that have a 2024 guideline value ranging from Rs 850 to Rs 4,800 per sq.ft. The median guideline value for these streets is Rs 2,725 per sq.ft, placing Prabhu Nagar 4th Cross Street's 2024 value above this median.

• Prabhu Nagar 1st - 4th Street: Rs 2,750 per sq.ft (2024)
• Prabhu Nagar Main Road: Rs 2,750 per sq.ft (2024)
• Poonga Road 2nd - 11th Cross Street: Rs 1,600 per sq.ft (2024)
• Poonga Road 1st Street: Rs 1,600 per sq.ft (2024)
• Poonga Road: Rs 1,600 per sq.ft (2024)
• Pristine Acres: Rs 2,725 per sq.ft (2024)

Stamp duty and registration fee for property in Prabhu Nagar 4th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, making the total cost for these fees Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Prabhu Nagar 4th Cross Street?

The Sub Registrar Office that covers Prabhu Nagar 4th Cross Street is the Selaiyur Sub Registrar Office. The address is No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a critical factor in the registration process of property transactions in Perumbakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the value of the property being transacted. It is essential for buyers and sellers to be aware of the current guideline value to facilitate a smooth and transparent transaction process.

Frequently asked questions

What is the current guideline value of Prabhu Nagar 4th Cross Street?

The current guideline value of Prabhu Nagar 4th Cross Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,200 per sq.ft in 2012 to Rs 1,474 per sq.ft in 2017, then to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,750 per sq.ft in 2024.

What is the land classification for Prabhu Nagar 4th Cross Street?

The land classification for Prabhu Nagar 4th Cross Street is Residential Class I Type - I.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500, and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Where is the Sub Registrar Office located for this street?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.