Guideline Value for PRISTINE HILL BREESE AVENUE PHASE I

Pristine Hill Breese Avenue Phase I guideline value

The current guideline value of Pristine Hill Breese Avenue Phase I is Rs 500 per sq.ft, effective from 1 July 2024. This property is located in Oothivakkam village under the Thiruporur SRO, classified as Mixed Type - II land.

How the guideline value of Pristine Hill Breese Avenue Phase I has changed

Over the years, the guideline value for Pristine Hill Breese Avenue Phase I has seen several revisions. The 2012 revision set the value at Rs 500 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 500 per sq.ft. The 2017 revision marked a significant increase to Rs 335 per sq.ft, reflecting a 49% rise from the previous figure. Notably, the register has no figure for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%, but overall, from 2012 to 2024, the guideline value has remained stable at Rs 500 per sq.ft. The most recent revision in 2024 did not alter the value from the previous year, maintaining the rate at Rs 500 per sq.ft.

Guideline values in Oothivakkam

In Oothivakkam, there are 20 streets under the Thiruporur SRO with a 2024 guideline value ranging from Rs 200 to Rs 1,792 per sq.ft. The median value is Rs 825 per sq.ft, positioning Pristine Hill Breese Avenue Phase I below this median.

• Pasumai Nagar: Rs 250 per sq.ft (2024)
• Sai Baba Garden: Rs 250 per sq.ft (2024)
• ShreeRaksha Garden: Rs 1,350 per sq.ft (2024)
• Mahalakshmi Nagar: Rs 1,493 per sq.ft (2024)
• Sri Sathya Sai Nagar: Rs 1,000 per sq.ft (2024)
• Sri Sathya Sai Nagar Extension -III: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Pristine Hill Breese Avenue Phase I

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, while the registration fee at 2% would be Rs 10,000, bringing the total fees to Rs 45,000. It is important to note that the 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 more details.

Which Sub Registrar Office covers Pristine Hill Breese Avenue Phase I?

The Sub Registrar Office that covers Pristine Hill Breese Avenue Phase I is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during property transactions in Oothivakkam, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations and to calculate applicable fees.

When registering a property, the guideline value influences the stamp duty and registration fees. It is essential for buyers to be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Pristine Hill Breese Avenue Phase I?

The current guideline value of Pristine Hill Breese Avenue Phase I is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 500 per sq.ft since 2012, with a notable increase to Rs 335 per sq.ft in 2017. There was no change from 2023 to 2024.

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

For a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000 and the registration fee would be Rs 10,000, totaling Rs 45,000.

Which office handles property registration for Pristine Hill Breese Avenue Phase I?

The Thiruporur Sub Registrar Office handles property registration for Pristine Hill Breese Avenue Phase I, located at No.29, South Mada Street, Thiruporur-603110.

What is the land classification for Pristine Hill Breese Avenue Phase I?

The land classification for Pristine Hill Breese Avenue Phase I is Mixed Type - II.