Guideline Value for PRIME CITY

Prime City guideline value

The current guideline value of Prime City in Santhavellur village is Rs 670 per sq.ft, effective from 1 July 2024. This area falls under the Sunguvarchattram SRO and is classified as Residential Class I Type - IV.

How the guideline value of Prime City has changed

According to the guideline value register, the 2024 revision shows a value of Rs 670 per sq.ft, which is unchanged from the 2023 revision, where it also stood at Rs 670 per sq.ft. The register does not provide figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Overall, the guideline value for Prime City has remained stable at Rs 670 per sq.ft from 2023 to 2024, with no increase or decrease noted during this period.

Guideline values in Santhavellur

In Santhavellur, there are 63 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 2,800 per sq.ft, with a median value of Rs 500 per sq.ft. The guideline value of Prime City is above this median.

• Punitha Valanar Street: Rs 400 per sq.ft (2024)
• Radha Garden: Rs 2,400 per sq.ft (2024)
• Pillaiyar Kovil Street: Rs 200 per sq.ft (2024)
• Perumal Kovil Street: Rs 250 per sq.ft (2024)
• Rajaveethi: Rs 250 per sq.ft (2024)
• Ramakka Chathiram: Rs 305 per sq.ft (2024)

Stamp duty and registration fee for property in Prime City

For a 1,000 sq.ft plot at the current guideline value of Rs 670 per sq.ft, the total guideline value amounts to Rs 6,70,000. The stamp duty at 7% would be Rs 46,900, and the registration fee at 2% would be Rs 13,400, making the total fees together Rs 60,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Prime City?

The Sub Registrar Office that covers Prime City is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Santhavellur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, it is essential to consider the guideline value, as it affects the overall costs involved in the transaction. Buyers should be aware that the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Prime City?

The current guideline value of Prime City in Santhavellur village is Rs 670 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Prime City has remained unchanged at Rs 670 per sq.ft from 2023 to 2024. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification of Prime City?

Prime City is classified as Residential Class I Type - IV, indicating its designation for residential use within the area.

What are the stamp duty and registration fees for property in Prime City?

For a property valued at Rs 6,70,000, the stamp duty would be Rs 46,900 at 7%, and the registration fee would be Rs 13,400 at 2%, totaling Rs 60,300. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Prime City located?

The Sunguvarchattram Sub Registrar Office is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. This office handles the registration of properties in Prime City.