Guideline Value for PRITHIYANGARA DEVI KOIL STREET

Prithiyangara Devi Koil Street guideline value

The current guideline value of Prithiyangara Devi Koil Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in the Sholinganallur - 1 village and falls under the Neelankarai SRO. The land classification for this street is Residential Special Type - V.

How the guideline value of Prithiyangara Devi Koil Street has changed

In the 2017 revision, the guideline value was Rs 2,680 per sq.ft. This increased to Rs 4,000 per sq.ft in the 2023 revision, marking a significant rise of 49%. The latest revision in 2024 shows a further increase to Rs 4,400 per sq.ft, which is a 10% increase from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. This consistent rise reflects the changing landscape of property values in the area.

Guideline values in Sholinganallur - 1

In the Sholinganallur - 1 village, there are 754 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median guideline value is Rs 2,200 per sq.ft, placing Prithiyangara Devi Koil Street's 2024 figure above this median.

• Prasath Garden: Rs 1,700 per sq.ft (2024)
• Puducheri Road: Rs 2,200 per sq.ft (2024)
• Puducheri Road Cross Street: Rs 2,200 per sq.ft (2024)
• Quaid Milleth 1st Street: Rs 1,700 per sq.ft (2024)
• Quaid Milleth 2nd Street: Rs 1,700 per sq.ft (2024)
• Quaid Milleth 3rd Street: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Prithiyangara Devi Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that 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 Prithiyangara Devi Koil Street?

The Prithiyangara Devi Koil Street is covered by the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value is a crucial factor in property transactions within Sholinganallur - 1. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property dealings.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are essential components of the transaction process. It is important for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during registration.

Frequently asked questions

What is the current guideline value of Prithiyangara Devi Koil Street?

The current guideline value of Prithiyangara Devi Koil Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes, increasing from Rs 2,680 per sq.ft in 2017 to Rs 4,400 per sq.ft in 2024, which is a total increase of 64% over this period.

What are the other streets in Sholinganallur - 1 and their guideline values?

Other streets in Sholinganallur - 1 include Prasath Garden at Rs 1,700 per sq.ft, Puducheri Road at Rs 2,200 per sq.ft, and Quaid Milleth streets ranging from Rs 1,700 to Rs 2,200 per sq.ft.

What is the stamp duty on property in Prithiyangara Devi Koil Street?

The stamp duty on property in Prithiyangara Devi Koil Street is 7% of the guideline value or sale price, whichever is higher. For example, a property valued at Rs 44,00,000 would incur a stamp duty of Rs 3,08,000.

Where is the Neelankarai Sub Registrar Office located?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.