Guideline Value for PRIYA NAGAR (SA)

Priya Nagar (Sa) guideline value

The current guideline value of Priya Nagar (Sa) in Peramanoor village is Rs 550 per sq.ft, effective from 1 July 2024. This area falls under the Chengleput Joint II SRO and is classified as Residential Class II Type - II.

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

The guideline value for Priya Nagar (Sa) has undergone several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which was then reduced to Rs 335 per sq.ft in 2017. Following this, the value increased to Rs 500 per sq.ft in the 2023 revision and further rose to Rs 550 per sq.ft in the 2024 revision. Notably, the register has no figures for this street for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, but the value saw a significant increase of 49% from 2017 to 2023. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 2,200 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value for Priya Nagar (Sa) is below this median.

• 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 550 per sq.ft (2024)
• Post Office Street (Ward -15): Rs 550 per sq.ft (2024)
• Popayar Street (Ward -7): Rs 1,320 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 guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, while the registration fee at 2% would be Rs 11,000, bringing the total charges together to Rs 49,500. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can also use our stamp duty and registration fee calculator for further calculations.

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, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Peramanoor. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that property transactions are conducted at a fair value.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate applicable duties and fees. This ensures that both the government and the buyer are protected during the 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 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then increased to Rs 500 per sq.ft in 2023, and finally to Rs 550 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.

Where can I find the Chengleput Joint II SRO?

The Chengleput Joint II SRO is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

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

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 38,500.