Guideline Value for PRIYA GARDEN

Priya Garden guideline value

The current guideline value of Priya Garden is Rs 275 per sq.ft, effective from 1 July 2024. This area is located in Polambakkam village and falls under the Madurandakam SRO, with a land classification of Mixed Type - I.

How the guideline value of Priya Garden has changed

In the guideline value register, there are no figures available for Priya Garden for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision recorded the guideline value at Rs 275 per sq.ft, which remained unchanged in the 2024 revision, also at Rs 275 per sq.ft. This indicates a 0% change from 2023 to 2024.

Thus, the guideline value for Priya Garden has been stable at Rs 275 per sq.ft for both the 2023 and 2024 revisions, reflecting consistency in the valuation for this property.

Guideline values in Polambakkam

In Polambakkam, there are 14 streets under the Madurandakam SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 400 per sq.ft, with a median value of Rs 200 per sq.ft. The guideline value of Priya Garden is above this median, indicating its relative positioning within the village.

• M.M.Nagar: Rs 150 per sq.ft (2024)
• Sri Ganapathy Nagar: Rs 103 per sq.ft (2024)
• Sri Jaya Avenue: Rs 275 per sq.ft (2024)
• Sri Lakshmi Nagar: Rs 100 per sq.ft (2024)
• Sri Mahalakshmi Nagar: Rs 275 per sq.ft (2024)
• Sri Pandurangan Nagar Phaseh -I: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Priya Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 275 per sq.ft, the total guideline value amounts to Rs 2,75,000. The stamp duty at 7% would be Rs 19,250, and the registration fee at 2% would be Rs 5,500, bringing the total cost for these fees to Rs 24,750. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Priya Garden?

The Sub Registrar Office that covers Priya Garden is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more details.

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

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

When buying or selling property, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Priya Garden?

The current guideline value of Priya Garden is Rs 275 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Priya Garden has remained unchanged at Rs 275 per sq.ft from the 2023 revision to the 2024 revision. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What are the stamp duty and registration fees for property in Priya Garden?

For a property valued at Rs 2,75,000, the stamp duty would be Rs 19,250 and the registration fee would be Rs 5,500, totaling Rs 24,750. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Priya Garden?

The Madurandakam Sub Registrar Office covers Priya Garden, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

What is the land classification of Priya Garden?

Priya Garden is classified as Mixed Type - I, indicating the nature of land use in the area.