Guideline Value for PRASATH ST

Prasath St guideline value

The current guideline value of Prasath St in Paruthipattu village is Rs 950 per sq.ft, effective from 1 July 2024. This street falls under the Avadi Sub Registrar Office (SRO) and is classified as Residential Class II Type - I.

How the guideline value of Prasath St has changed

Over the years, the guideline value of Prasath St has seen several revisions. The 2012 revision set the value at Rs 900 per sq.ft, which then decreased to Rs 603 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 900 per sq.ft in 2023, and finally rose to Rs 950 per sq.ft in the 2024 revision. The register has no figures for the years 2002, 2003, and 2007 for this street.

From the 2012 to 2017 revision, there was a decrease of 33%. However, between 2017 and 2023, the value increased by 49%. The overall change from 2012 to 2024 shows a slight increase of 6% in the guideline value.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 801 to Rs 4,730 per sq.ft. The median value for these streets is Rs 1,625 per sq.ft, positioning Prasath St's 2024 figure below this median.

• Prakasam St: Rs 950 per sq.ft (2024)
• Portin Home In M.R.Garden: Rs 950 per sq.ft (2024)
• Poovai Road 4th Cross Street: Rs 2,610 per sq.ft (2024)
• Poovai Road 3rd Cross Street: Rs 2,610 per sq.ft (2024)
• Poovai Road 2nd Cross Street: Rs 2,610 per sq.ft (2024)
• Poovai Road 1st Cross Street: Rs 2,610 per sq.ft (2024)

Stamp duty and registration fee for property in Prasath St

For a 1,000 sq.ft plot at the current guideline value of Rs 950 per sq.ft, the total guideline value would be Rs 9,50,000. The stamp duty at 7% would amount to Rs 66,500, and the registration fee at 2% would be Rs 19,000, making the total cost for these fees Rs 85,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Prasath St?

Prasath St is covered by 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 for more information.

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

The guideline value plays a crucial role in the registration of property transactions in Paruthipattu. It is the value set by the government for the purpose of calculating stamp duty and registration fees when a property is bought or sold.

When a buyer or seller approaches the Avadi SRO for registration, the guideline value will be used to determine the applicable fees. This ensures that the transaction is recorded at a value recognized by the state, which helps in maintaining transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Prasath St?

The current guideline value of Prasath St is Rs 950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of Prasath St has changed from Rs 900 in 2012 to Rs 603 in 2017, then increased to Rs 900 in 2023, and finally to Rs 950 in 2024.

What is the median guideline value for streets in Paruthipattu?

The median guideline value for streets in Paruthipattu is Rs 1,625 per sq.ft, which is higher than the current value of Prasath St.

What are the stamp duty and registration fees for properties in Prasath St?

For a property valued at Rs 9,50,000, the stamp duty would be Rs 66,500, and the registration fee would be Rs 19,000, totaling Rs 85,500.

Which office handles property registration for Prasath St?

The Avadi Sub Registrar Office handles property registration for Prasath St, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District.