Guideline Value for PRIME WOODS NAGAR

Prime Woods Nagar guideline value

The current guideline value of Prime Woods Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Anupampattu village under the Ponneri SRO, classified as Residential Class II Type - I.

How the guideline value of Prime Woods Nagar has changed

Over the years, the guideline value for Prime Woods Nagar has seen several revisions. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 201 per sq.ft. In the following revisions, the value increased significantly, with the 2023 revision returning to Rs 300 per sq.ft, and the 2024 revision maintaining this figure. Notably, the register has no figures for the years 2002, 2003, and 2007.

From the 2017 revision to the 2023 revision, there was a substantial increase of 49%. However, from 2012 to 2017, the guideline value decreased by 33%. Overall, from 2012 to 2024, there has been no change, with the current rate aligning with the 2024 figure.

Guideline values in Anupampattu

Anupampattu village has a total of 42 streets under the Ponneri SRO, with guideline values ranging from Rs 300 to Rs 500 per sq.ft. The median value for these streets is Rs 300 per sq.ft, making the 2024 guideline value for Prime Woods Nagar equal to this median.

• Rail Nagar: Rs 300 per sq.ft (2024)
• Raja Avenue: Rs 300 per sq.ft (2024)
• Ramakrishna Nagar: Rs 300 per sq.ft (2024)
• R.M.P Nagar: Rs 300 per sq.ft (2024)
• Sai Nagar: Rs 300 per sq.ft (2024)
• New Balaji Nagar Avenue: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Prime Woods Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty is calculated at 7%, which totals Rs 21,000, and the registration fee at 2% amounts to Rs 6,000, bringing the total fees to Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Prime Woods Nagar?

The Sub Registrar Office that covers Prime Woods Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

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

When buying or selling property, the guideline value is referenced to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Prime Woods Nagar?

The current guideline value of Prime Woods Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, with the most recent being Rs 300 per sq.ft in both 2023 and 2024. The value decreased to Rs 201 per sq.ft in 2017 from Rs 300 per sq.ft in 2012.

What is the median guideline value for streets in Anupampattu?

The median guideline value for the 42 streets in Anupampattu is Rs 300 per sq.ft. Prime Woods Nagar's 2024 figure is equal to this median.

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

For a 1,000 sq.ft plot valued at Rs 3,00,000, the stamp duty is Rs 21,000 at 7%, and the registration fee is Rs 6,000 at 2%, totaling Rs 27,000.

Where is the Sub Registrar Office for Prime Woods Nagar located?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204, covering Prime Woods Nagar.