Guideline Value

Corporate

Guideline Value for PRAKASH NAGAR MAIN ROAD

₹1590/sq.ft.

The guideline value for Prakash Nagar Main Road in Nadukuthagai village (Avadi SRO, Chennai zone) is Rs 1590 per sq.ft, effective 1 July 2024. It was Rs 1450 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nadukuthagai

Village

Avadi

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹1590 /sq.ft.
From 1-4-2023 ₹1450 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹971 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1200 /sq.ft.
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]
Records for a plot on Prakash Nagar Main Road

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Prakash Nagar Main Road guideline value

The current guideline value of Prakash Nagar Main Road is Rs 1,590 per sq.ft, effective from 1 July 2024. This road is located in Nadukuthagai village and falls under the Avadi SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Prakash Nagar Main Road has changed

The guideline value for Prakash Nagar Main Road has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which decreased to Rs 971 per sq.ft in 2017. However, from 2017 to 2023, the value increased significantly by 49% to Rs 1,450 per sq.ft. The most recent 2024 revision has further raised the guideline value to Rs 1,590 per sq.ft, marking a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 33%.

Guideline values in Nadukuthagai

Nadukuthagai village has 35 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 330 to Rs 1,980 per sq.ft. The median value for these streets is Rs 880 per sq.ft, placing Prakash Nagar Main Road above this median.

Stamp duty and registration fee for property in Prakash Nagar Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,590 per sq.ft, the total guideline value would be Rs 15,90,000. The stamp duty at 7% would amount to Rs 1,11,300, and the registration fee at 2% would be Rs 31,800, bringing the total to Rs 1,43,100. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Prakash Nagar Main Road?

The Sub Registrar Office that covers Prakash Nagar Main Road is the Avadi Sub Registrar Office. The address is 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 Nadukuthagai

The guideline value is a crucial factor during the registration of property transactions in Nadukuthagai. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that these costs are based on the officially recognized value of the property.

When buying or selling property, the guideline value helps in establishing a fair basis for the transaction. It is important for both buyers and sellers 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 Nagar Main Road?

The current guideline value of Prakash Nagar Main Road is Rs 1,590 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2012?

Since 2012, the guideline value has increased by 33%, from Rs 1,200 per sq.ft to Rs 1,590 per sq.ft in 2024.

What is the stamp duty rate for property in Prakash Nagar Main Road?

The stamp duty rate for property in Prakash Nagar Main Road is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Prakash Nagar Main Road?

The Sub Registrar Office for Prakash Nagar Main Road is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What are the guideline values of other streets in Nadukuthagai?

Other streets in Nadukuthagai have varying guideline values, ranging from Rs 330 to Rs 1,980 per sq.ft. For example, Ponniamman Nagar has a guideline value of Rs 330 per sq.ft, while Prakash Nagar West shares the same value as Prakash Nagar Main Road at Rs 1,590 per sq.ft.