Guideline Value

Corporate

Guideline Value for PRAKASAM NAGAR

₹770/sq.ft.

The guideline value for Prakasam Nagar in Thiruninravur-b village (Avadi SRO, Chennai zone) is Rs 770 per sq.ft, effective 1 July 2024. It was Rs 700 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thiruninravur-b

Village

Avadi

SRO

Residential Class II Type - III
History
Period Guideline Value
From 1-7-2024 ₹770 /sq.ft.
From 1-4-2023 ₹700 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹469 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District
044-26558484
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]

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Prakasam Nagar guideline value

The current guideline value of Prakasam Nagar is Rs 770 per sq.ft, effective from 1 July 2024. This area is located in Thiruninravur-B village and is classified under Residential Class II Type - III. The relevant Sub Registrar Office (SRO) for this region is Avadi SRO.

How the guideline value of Prakasam Nagar has changed

The guideline value for Prakasam Nagar has seen several revisions over the years. The 2017 revision recorded a value of Rs 469 per sq.ft, which increased to Rs 700 per sq.ft in the 2023 revision. The latest revision in 2024 set the value at Rs 770 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has risen by 64%.

It is important to note that there are no registered figures for Prakasam Nagar for the years 2002, 2003, 2007, and 2012. The increase from 2017 to 2023 was significant at 49%, reflecting the changes in property values in this area over time.

Guideline values in Thiruninravur-B

In Thiruninravur-B, there are a total of 374 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 1,760 per sq.ft. The median value for these streets is Rs 770 per sq.ft, which aligns with the current guideline value for Prakasam Nagar.

Stamp duty and registration fee for property in Prakasam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400. Together, the total cost for these fees would be Rs 69,300. 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 Prakasam Nagar?

The Sub Registrar Office that covers Prakasam Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thiruninravur-B

The guideline value is a crucial factor when registering property transactions in Thiruninravur-B. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value helps both buyers and sellers to understand the fair value of the property in the market. It is essential to consider the guideline value when negotiating the sale price to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Prakasam Nagar?

The current guideline value of Prakasam Nagar is Rs 770 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased by 64%, from Rs 469 per sq.ft to Rs 770 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Prakasam Nagar?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, the total fees would amount to Rs 69,300.

Which Sub Registrar Office is responsible for Prakasam Nagar?

The Avadi Sub Registrar Office is responsible for Prakasam Nagar, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District.

Are there other streets with the same guideline value in Thiruninravur-B?

Yes, there are several other streets in Thiruninravur-B with the same guideline value of Rs 770 per sq.ft, including Priya Nagar, Ponniyamman Nagar, Police Quarters St, Ragavendra Nagar, and Ragavendra Nagar Extn.