Guideline Value for PRAKASH GARDEN

Prakash Garden guideline value

The current guideline value of Prakash Garden is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Thadaperumbakkam_2 village under the Ponneri SRO, classified as Residential Class II Type - I.

How the guideline value of Prakash Garden has changed

The guideline value for Prakash Garden has seen significant changes over the years. The 2017 revision set the value at Rs 134 per sq.ft, which was then increased to Rs 300 per sq.ft in the 2023 revision. The 2024 revision has maintained this value at Rs 300 per sq.ft, resulting in an overall increase of 124% from 2017 to 2024.

Between the 2023 and 2024 revisions, there was no change, with the guideline value remaining at Rs 300 per sq.ft. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thadaperumbakkam_2

In Thadaperumbakkam_2, there are 23 streets under the Ponneri SRO with 2024 guideline values ranging from Rs 300 to Rs 600 per sq.ft. Prakash Garden's guideline value of Rs 300 per sq.ft is equal to the median value of this range.

• Pon Nagar Kilaku: Rs 300 per sq.ft (2024)
• Pon Nagar Garden: Rs 300 per sq.ft (2024)
• Pon Nagar: Rs 300 per sq.ft (2024)
• Pallavan Nagar: Rs 300 per sq.ft (2024)
• Samundeeswari Nagar: Rs 300 per sq.ft (2024)
• Senthamizh Nagar: Rs 400 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 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total to Rs 27,000. 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 details.

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. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thadaperumbakkam_2

The guideline value is a crucial factor during the registration of property transactions in Thadaperumbakkam_2. It serves as a benchmark for determining the stamp duty and registration fees payable when a property is bought or sold.

When a buyer or seller engages in a transaction, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are paid. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Prakash Garden?

The current guideline value of Prakash Garden is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 134 per sq.ft in 2017 to Rs 300 per sq.ft in 2023, and it has remained at Rs 300 per sq.ft in 2024, showing a total increase of 124% from 2017 to 2024.

What are the stamp duty and registration fees for Prakash Garden?

For a 1,000 sq.ft plot at Rs 300 per sq.ft, the stamp duty would be Rs 21,000, and the registration fee would be Rs 6,000, totaling Rs 27,000.

Which Sub Registrar Office covers Prakash Garden?

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

What is the land classification of Prakash Garden?

Prakash Garden is classified as Residential Class II Type - I, which is relevant for property transactions in this area.