Guideline Value for PRIYA NAGAR

Priya Nagar guideline value

The current guideline value of Priya Nagar, located in Athur B Block village under the Chengleput Joint II SRO, is Rs 800 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Special Type - I.

How the guideline value of Priya Nagar has changed

Looking at the historical revisions, the guideline value for Priya Nagar was Rs 800 per sq.ft in 2023, which remains unchanged in the 2024 revision. Prior to that, in 2017, the guideline value was Rs 536 per sq.ft, reflecting a significant increase of 49% over the six-year period leading up to 2023. The 2012 revision also had a guideline value of Rs 800 per sq.ft, indicating a decrease of 33% from the 2017 figure.

From 2012 to 2024, the overall change in guideline value is 0%, as the value returned to Rs 800 per sq.ft after the fluctuations. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street in the register.

Guideline values in Athur B Block

Athur B Block has 79 streets under the Chengleput Joint II SRO, with guideline values for 2024 ranging from Rs 268 to Rs 1,525 per sq.ft. The median value for these streets is Rs 700 per sq.ft, placing Priya Nagar's 2024 figure above that median.

• Priya Nagar Exten: Rs 800 per sq.ft (2024)
• Radha Nagar: Rs 500 per sq.ft (2024)
• Rathinam Nagar: Rs 500 per sq.ft (2024)
• Palar Nagar: Rs 800 per sq.ft (2024)
• R R Nagar: Rs 1,000 per sq.ft (2024)
• Nisha Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Priya Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total to Rs 72,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Priya Nagar?

The Sub Registrar Office that covers Priya Nagar 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 details.

How the guideline value is used when you buy or sell in Athur B Block

The guideline value plays a crucial role during the registration of property transactions in Athur B Block. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is considered to ensure that the appropriate taxes are levied. Buyers should be aware that the guideline value or the sale price, whichever is higher, will be the basis for calculating the applicable fees.

Frequently asked questions

What is the current guideline value of Priya Nagar?

The current guideline value of Priya Nagar is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revision in 2024 maintaining the value at Rs 800 per sq.ft, unchanged from 2023. The value increased from Rs 536 per sq.ft in 2017 to Rs 800 per sq.ft in 2012.

What are the other streets in Athur B Block?

Other streets in Athur B Block include Priya Nagar Exten, Radha Nagar, Rathinam Nagar, Palar Nagar, R R Nagar, and Nisha Nagar, with values ranging from Rs 500 to Rs 1,000 per sq.ft in 2024.

What is the registration fee for property in Priya Nagar?

The registration fee for property in Priya Nagar is calculated based on the guideline value. For example, for a property valued at Rs 8,00,000, the registration fee would be Rs 16,000 at 2%.

Which office handles property registrations in Priya Nagar?

The Chengleput Joint II Sub Registrar Office handles property registrations in Priya Nagar, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.