Guideline Value for PRAKASH GARDEN

Prakash Garden guideline value

The current guideline value of Prakash Garden, located in Thadaperumbakkam village under the Ponneri SRO, is Rs 501 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - I.

How the guideline value of Prakash Garden has changed

The guideline value for Prakash Garden has seen various revisions over the years. The most recent revision in 2024 set the value at Rs 501 per sq.ft, which marks a significant increase from Rs 300 per sq.ft in 2023, reflecting a change of +67%. The 2023 revision itself was a considerable jump from Rs 134 per sq.ft in 2017, indicating a change of +124%. Prior to that, in 2012, the value was Rs 200 per sq.ft, which was a decrease of -33% from the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by +151%.

It is important to note that there are no available figures for the revisions in 2002, 2003, and 2007 for this street. The historical figures show the evolution of the guideline value, illustrating how it has changed over time.

Guideline values in Thadaperumbakkam

In Thadaperumbakkam, there are 50 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 500 to Rs 1,500 per sq.ft. The median value is Rs 501 per sq.ft, which is equal to the current guideline value of Prakash Garden.

• Pon Nagar Kilaku: Rs 501 per sq.ft (2024)
• Pon Nagar Garden: Rs 501 per sq.ft (2024)
• Pon Nagar: Rs 501 per sq.ft (2024)
• Ramachandira Nagar: Rs 501 per sq.ft (2024)
• Pallavan Nagar: Rs 501 per sq.ft (2024)
• Samundeeswari Nagar: Rs 501 per sq.ft (2024)

Stamp duty and registration fee for property in Prakash Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 501 per sq.ft, the total guideline value would be Rs 5,01,000. The stamp duty at 7% would amount to Rs 35,070, and the registration fee at 2% would be Rs 10,020, bringing the total fees together to Rs 45,090. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details on fees applicable to property transactions.

Which Sub Registrar Office covers Prakash Garden?

The Sub Registrar Office that covers Prakash Garden is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. For more information, you can find your SRO.

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

The guideline value plays a crucial role during property transactions in Thadaperumbakkam. It is used to determine the stamp duty and registration fees applicable when registering a property. The guideline value serves as a benchmark for the minimum value at which a property can be registered.

When buying or selling property, it is important to be aware of the guideline value as it affects the overall costs involved in the transaction. Buyers should ensure they are informed about the latest guideline values to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Prakash Garden?

The current guideline value of Prakash Garden is Rs 501 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 200 per sq.ft in 2012 to Rs 501 per sq.ft in 2024, representing an overall increase of +151%.

What is the stamp duty rate for properties in Prakash Garden?

The stamp duty rate for properties in Prakash Garden is 7% of the guideline value or the sale price, whichever is higher.

What are the registration fees for property transactions?

The registration fee for property transactions is 2% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Prakash Garden located?

The Sub Registrar Office for Prakash Garden is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.