Guideline Value for PRIME SERINITY PHASE I & II

Prime Serinity Phase I & II guideline value

The current guideline value of Prime Serinity Phase I & II is Rs 1,800 per sq.ft. This property is located in Puthupakkam village, under the jurisdiction of the Thiruporur SRO. The land classification for this area is Commercial Class I Type - II.

How the guideline value of Prime Serinity Phase I & II has changed

Since its last revision in 2017, the guideline value has seen a significant increase. In 2017, the guideline value was Rs 1,206 per sq.ft, and it has risen to Rs 1,800 per sq.ft in the 2023 revision, marking an increase of 49%. The register has no figures for revisions in the years 2024, 2012, 2007, 2003, and 2002 for this street.

The 2023 revision reflects the most current valuation, and the increase from 2017 to 2023 is noteworthy. The absence of figures for earlier revisions indicates that the guideline value has not been established for those years in this area.

Guideline values in Puthupakkam

Currently, there are no specific village figures available for Puthupakkam. Prime Serinity Phase I & II is the only street mentioned under the Thiruporur SRO.

Stamp duty and registration fee for property in Prime Serinity Phase I & II

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 18,00,000. The stamp duty is charged at 7%, totaling Rs 1,26,000, while the registration fee is 2%, amounting to Rs 36,000. Together, the total cost for stamp duty and registration fee would be Rs 1,62,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Prime Serinity Phase I & II?

The Sub Registrar Office that covers Prime Serinity Phase I & II is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Puthupakkam. It serves as a reference point for calculating the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price. The duty is charged based on the higher of the two values, ensuring that the registration process reflects the appropriate financial obligations of the buyer and seller.

Frequently asked questions

What is the current guideline value of Prime Serinity Phase I & II?

The current guideline value of Prime Serinity Phase I & II is Rs 1,800 per sq.ft, as per the 2023 revision.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 1,206 per sq.ft to Rs 1,800 per sq.ft, which is a rise of 49%.

Are there any guideline value figures for the years 2002, 2003, 2007, 2012, and 2024?

The register has no figures for the years 2002, 2003, 2007, 2012, and 2024 for this street. Only the revisions for 2017 and 2023 are available.

What are the stamp duty and registration fees for a property in this area?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total stamp duty and registration fee would amount to Rs 1,62,000.

Where is the Thiruporur Sub Registrar Office located?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.