Guideline Value for PRIYA NAGAR (SA)

Priya Nagar (Sa) guideline value

The current guideline value of Priya Nagar (Sa) is Rs 440 per sq.ft, effective from 1 July 2024. This area is located in Kattankollatur village under the Chengleput Joint II SRO, classified as Residential Class II Type - II.

How the guideline value of Priya Nagar (Sa) has changed

Over the years, the guideline value of Priya Nagar (Sa) has seen several revisions. The 2012 revision set the value at Rs 400 per sq.ft, which was then reduced to Rs 268 per sq.ft in 2017. Following this, the 2023 revision increased the value to Rs 400 per sq.ft, and the most recent 2024 revision raised it to Rs 440 per sq.ft, marking a 10% increase from the previous year. The register has no figure for this street in 2002, 2003, and 2007.

In summary, from 2012 to 2017, the value decreased by 33%, but from 2017 to 2023, it increased by 49%. Overall, the guideline value has increased by 10% from 2012 to 2024.

Guideline values in Kattankollatur

Kattankollatur village has a total of 453 streets under the Chengleput Joint II SRO, with 2024 guideline values ranging from Rs 440 to Rs 3,612 per sq.ft. The median guideline value for this village is Rs 1,100 per sq.ft, placing Priya Nagar (Sa) below that median.

• P.S.G Garden: Rs 990 per sq.ft (2024)
• Pugazhendi Street (Ward -6): Rs 1,320 per sq.ft (2024)
• Puranaru Street (N): Rs 1,320 per sq.ft (2024)
• Poyyamozhi Pulan Street (Per): Rs 1,320 per sq.ft (2024)
• Poultry Farm Quarters (Ward -19): Rs 440 per sq.ft (2024)
• Post Office Street (Ward -15): Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Priya Nagar (Sa)

For a 1,000 sq.ft plot at the current rate of Rs 440 per sq.ft, the guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, totaling Rs 39,600. 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 Priya Nagar (Sa)?

The Sub Registrar Office that covers Priya Nagar (Sa) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Kattankollatur. It serves as a benchmark for determining the minimum value of property transactions, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both parties understand the fair valuation of the property. It is essential for buyers and sellers to be aware of the current guideline values to facilitate a smooth transaction process.

Frequently asked questions

What is the current guideline value of Priya Nagar (Sa)?

The current guideline value of Priya Nagar (Sa) is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then back to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What is the land classification for Priya Nagar (Sa)?

Priya Nagar (Sa) is classified as Residential Class II Type - II under the Chengleput Joint II SRO.

Where can I find the Sub Registrar Office for Priya Nagar (Sa)?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.

How is stamp duty calculated in Priya Nagar (Sa)?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 4,40,000, the stamp duty would be Rs 30,800.