Guideline Value for PRISTINE GARDEN

Pristine Garden guideline value

The current guideline value of Pristine Garden, located in Nelllikuppam village under the Thiruporur SRO, is Rs 1,200 per sq.ft, effective from 1 July 2024. This area is classified as Mixed Special Type - I.

How the guideline value of Pristine Garden has changed

Over the years, the guideline value for Pristine Garden has seen several revisions. The 2012 revision set the value at Rs 1,200 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 804 per sq.ft, marking a decrease of 33%. In 2023, the value returned to Rs 1,200 per sq.ft, and this figure has been retained in the 2024 revision, showing no change from the previous year.

From 2017 to 2023, there was a significant increase of 49% in the guideline value. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained at Rs 1,200 per sq.ft, indicating stability in the pricing for this street over the years. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Nelllikuppam

Nelllikuppam village has 45 streets under the Thiruporur SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 1,600 per sq.ft. The median guideline value for these streets is Rs 1,000 per sq.ft, placing Pristine Garden's 2024 figure above that median.

• Ranga Thangaiyya Nagar Phase I: Rs 1,250 per sq.ft (2024)
• Ranga Thangaiyya Nagar Phase II: Rs 1,250 per sq.ft (2024)
• Ranga Thangaiyya Nagar Phase III: Rs 1,250 per sq.ft (2024)
• Royal Enclave: Rs 1,250 per sq.ft (2024)
• New Chennai City Phase V: Rs 500 per sq.ft (2024)
• New Chennai City Phase IV: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Pristine Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000. The stamp duty, calculated at 7%, would amount to Rs 84,000, while the registration fee at 2% would be Rs 24,000, bringing the total cost for these fees to Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Pristine Garden?

The Sub Registrar Office that covers Pristine Garden 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 details.

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

The guideline value is a crucial factor when registering property transactions in Nelllikuppam. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

Frequently asked questions

What is the current guideline value of Pristine Garden?

The current guideline value of Pristine Garden is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,200 per sq.ft since 2012, with a decrease to Rs 804 per sq.ft in 2017, followed by a return to Rs 1,200 per sq.ft in 2023 and 2024.

What is the land classification of Pristine Garden?

Pristine Garden is classified as Mixed Special Type - I, which influences its guideline value and potential uses.

What are the stamp duty and registration fees for properties in Pristine Garden?

For a property valued at Rs 12,00,000, the stamp duty would be Rs 84,000 and the registration fee would be Rs 24,000, totaling Rs 1,08,000. These fees are based on the guideline value.

Which office handles registrations for Pristine Garden?

The Thiruporur Sub Registrar Office handles registrations for Pristine Garden, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.