Guideline Value for PRITHVI NAGAR

Prithvi Nagar guideline value

The current guideline value of Prithvi Nagar is Rs 3,650 per sq.ft, effective from 1 July 2024. This area is located in Kunrathour-B village under the Kunrathur SRO, classified as Residential Class III Type - IV.

How the guideline value of Prithvi Nagar has changed

The guideline value for Prithvi Nagar has undergone several revisions. In the 2017 revision, the value was set at Rs 1,550 per sq.ft. With the latest revision in 2024, the guideline value increased to Rs 3,650 per sq.ft, marking a significant change of +135% from the previous figure.

There are no figures available for the years 2023, 2012, 2007, 2003, and 2002 in the register for this street.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 660 to Rs 5,130 per sq.ft. The median value for these streets is Rs 1,540 per sq.ft, placing Prithvi Nagar's 2024 figure above this median.

• Province: Rs 4,400 per sq.ft (2024)
• Porur to Kundrathur Vijayam Co - Op Nagar Phase II: Rs 1,210 per sq.ft (2024)
• Porur to Kundrathur Vijayam Co-op Nagar phase I: Rs 1,210 per sq.ft (2024)
• Porur to Kundrathur Vijayam Co-op Mega Nagar: Rs 1,210 per sq.ft (2024)
• Ponnusamy Nagar: Rs 1,760 per sq.ft (2024)
• Police Quarters: Rs 1,210 per sq.ft (2024)

Stamp duty and registration fee for property in Prithvi Nagar

For a 1,000 sq.ft plot at the current rate of Rs 3,650 per sq.ft, the guideline value amounts to Rs 36,50,000. The stamp duty at 7% would be Rs 2,55,500, and the registration fee at 2% would be Rs 73,000, totaling Rs 3,28,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Prithvi Nagar?

The Sub Registrar Office that covers Prithvi Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kunrathour-B

The guideline value is an essential reference for property transactions in Kunrathour-B, as it determines the minimum value at which properties can be registered. Buyers and sellers should be aware that the guideline value impacts the stamp duty and registration fees applicable during the transaction.

When a property is sold, the registration process involves calculating fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Prithvi Nagar?

The current guideline value of Prithvi Nagar is Rs 3,650 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 1,550 per sq.ft to Rs 3,650 per sq.ft, reflecting a change of +135%.

Are there any revisions without figures for Prithvi Nagar?

Yes, the guideline value register has no figures for Prithvi Nagar for the years 2023, 2012, 2007, 2003, and 2002.

How does the guideline value compare to other streets in Kunrathour-B?

Prithvi Nagar's 2024 guideline value of Rs 3,650 per sq.ft is above the median value of Rs 1,540 per sq.ft for the 325 streets in Kunrathour-B.

Where can I find the Kunrathur Sub Registrar Office?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find more details through the provided link.