Guideline Value for PRANAV ORCHID

Pranav Orchid guideline value

The current guideline value of Pranav Orchid is Rs 800 per sq.ft, effective from 1 July 2024. This property is located in Allappakkam village under the Chengleput Joint I SRO and falls under the Residential Class I Type - I land classification.

How the guideline value of Pranav Orchid has changed

Over the years, the guideline value for Pranav Orchid has seen several revisions. The 2012 revision set the value at Rs 800 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 800 per sq.ft. The 2017 revision marked a significant change, lowering the value to Rs 536 per sq.ft, a decrease of 33% from the previous figure. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2017 to 2023, there was a notable increase of 49%, bringing the value back to Rs 800 per sq.ft. With the 2024 revision maintaining this value, the overall change from 2012 to 2024 shows no increase, remaining steady at Rs 800 per sq.ft.

Guideline values in Allappakkam

In Allappakkam, there are 51 streets under the Chengleput Joint I SRO that carry a 2024 guideline value ranging from Rs 600 to Rs 2,000 per sq.ft, with a median value of Rs 1,102 per sq.ft. The guideline value for Pranav Orchid is below this median.

• Rahmath Golden City Ext: Rs 1,102 per sq.ft (2024)
• Pazhani Nagar: Rs 902 per sq.ft (2024)
• Rangaswamy Nagar: Rs 1,200 per sq.ft (2024)
• Rish Hill View co-Operative Nagar: Rs 800 per sq.ft (2024)
• Rishi Hill View Co-Op Nagar Phase-I: Rs 800 per sq.ft (2024)
• Rishi Hill View Co-Op Nagar Phase-II: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Pranav Orchid

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, totaling Rs 72,000. It is important 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 information.

Which Sub Registrar Office covers Pranav Orchid?

The Pranav Orchid property is covered by the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Allappakkam. When buying or selling property, the guideline value is typically used to calculate the stamp duty and registration fees, ensuring that these costs are based on the officially assessed value of the property.

It is essential for buyers and sellers to be aware of the guideline value as it can impact the overall cost of the transaction. The guideline value serves as a reference point for determining the appropriate fees and taxes that must be paid during the registration process.

Frequently asked questions

What is the current guideline value of Pranav Orchid?

The current guideline value of Pranav Orchid is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 800 per sq.ft from 2012 to 2024, with a notable decrease to Rs 536 per sq.ft in 2017, followed by an increase back to Rs 800 per sq.ft in 2023.

What is the land classification for Pranav Orchid?

Pranav Orchid is classified under Residential Class I Type - I land classification.

What is the stamp duty rate for properties in Pranav Orchid?

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

Where can I find the Sub Registrar Office for Pranav Orchid?

The Chengleput Joint I Sub Registrar Office covers Pranav Orchid, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.