Guideline Value

Corporate

Guideline Value for PRAKASH NAGAR WEST

₹1590/sq.ft.

The guideline value for Prakash Nagar West 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 West

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Prakash Nagar West guideline value

The current guideline value of Prakash Nagar West is Rs 1,590 per sq.ft, effective from 1 July 2024. This area is located in Nadukuthagai village under the Avadi SRO and is classified as Residential Special Type - I.

How the guideline value of Prakash Nagar West has changed

Over the years, the guideline value of Prakash Nagar West has seen several revisions. The 2012 revision set the value at Rs 1,200 per sq.ft, which then changed to Rs 971 per sq.ft in 2017. This was a decrease of 19%. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value to Rs 1,450 per sq.ft. The most recent revision in 2024 raised the guideline value to Rs 1,590 per sq.ft, reflecting a 10% increase from the previous year.

Notably, there are no figures available for the years 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, with a median value of Rs 880 per sq.ft. Prakash Nagar West's 2024 guideline value is above this median.

Stamp duty and registration fee for property in Prakash Nagar West

For a 1,000 sq.ft plot at the current guideline value of Rs 1,590 per sq.ft, the total guideline value amounts to Rs 15,90,000. The stamp duty at 7% would be Rs 1,11,300, and the registration fee at 2% would be Rs 31,800, making the total fees together Rs 1,43,100. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For a detailed calculation, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Prakash Nagar West?

The Sub Registrar Office covering Prakash Nagar West 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 online.

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

The guideline value is a crucial factor in the registration process of property transactions in Nadukuthagai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately and legally.

When buying or selling property, the guideline value influences the calculation of stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, thereby impacting the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Prakash Nagar West?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 1,590 per sq.ft in 2024, reflecting an overall increase of 33% over this period.

What are the other streets in Nadukuthagai with their guideline values?

Other streets in Nadukuthagai include Prakash Nagar Main Road and Om Sakthi Nagar, both at Rs 1,590 per sq.ft, while Ponniamman Nagar is at Rs 330 per sq.ft.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 15,90,000, the total fees would be Rs 1,43,100.

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

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