Guideline Value for PRIDIVRAJ GARDEN

Pridivraj Garden guideline value

The current guideline value of Pridivraj Garden in Chemmancheri village, under the Neelankarai SRO, is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class V Type - II.

How the guideline value of Pridivraj Garden has changed

In the 2012 revision, the guideline value was set at Rs 750 per sq.ft. This increased to Rs 502 per sq.ft in the 2017 revision, marking a decrease of 33%. The value then saw a significant increase of 99% to Rs 1,000 per sq.ft in the 2023 revision. The 2024 revision maintains this value at Rs 1,000 per sq.ft, showing no change from the previous year.

For the years 2002, 2003, and 2007, the register has no figure for Pridivraj Garden. Overall, from 2012 to 2024, the guideline value has increased by 33%.

Guideline values in Chemmancheri

In Chemmancheri, there are 195 streets under the Neelankarai SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 6,600 per sq.ft. The median guideline value for these streets is Rs 1,700 per sq.ft, indicating that Pridivraj Garden's 2024 figure is below this median.

• Prim Liberty Garden: Rs 1,000 per sq.ft (2024)
• Priyadharasini Garden: Rs 1,000 per sq.ft (2024)
• Prasanna Garden: Rs 3,900 per sq.ft (2024)
• Radhakrishnan Garden: Rs 1,700 per sq.ft (2024)
• Pondichery Pattai Road: Rs 3,300 per sq.ft (2024)
• Pondichery Pattai: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Pridivraj Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, while the registration fee at 2% would be Rs 20,000, bringing the total to Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pridivraj Garden?

The Sub Registrar Office that covers Pridivraj Garden is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more details.

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

When buying or selling property in Chemmancheri, the guideline value is a crucial factor during the registration process. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

The guideline value is used to ensure that the property is registered at a value that reflects the official rates set by the government. This helps in maintaining transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Pridivraj Garden?

The current guideline value of Pridivraj Garden is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value changed from Rs 750 per sq.ft in 2012 to Rs 502 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023 and has remained the same in 2024.

What is the land classification for Pridivraj Garden?

Pridivraj Garden is classified as Residential Class V Type - II.

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is stamp duty calculated for properties in Pridivraj Garden?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 10,00,000 would incur a stamp duty of Rs 70,000.