Guideline Value for PRIYA NAGAR

Priya Nagar guideline value

The current guideline value of Priya Nagar is Rs 750 per sq.ft, effective from 1 July 2024. This area is part of Thiruninravur-A village and falls under the Avadi SRO. The land classification for this street is Residential Class II Type - III.

How the guideline value of Priya Nagar has changed

The guideline value of Priya Nagar has seen several revisions over the years. The 2017 revision recorded a value of Rs 469 per sq.ft, which increased to Rs 700 per sq.ft in the 2023 revision, marking a significant rise of 49%. The latest revision in 2024 has set the value at Rs 750 per sq.ft, reflecting a 7% increase from 2023.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 60%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,750 per sq.ft. The median guideline value for these streets is Rs 750 per sq.ft, which is equal to the 2024 figure for Priya Nagar.

• Prakash Nagar Phase-(I-III Part Including): Rs 1,400 per sq.ft (2024)
• Prakasam Nagar: Rs 750 per sq.ft (2024)
• Ponniyamman Nagar: Rs 750 per sq.ft (2024)
• Ragavendra Nagar: Rs 750 per sq.ft (2024)
• Ragavendra Nagar Extn: Rs 750 per sq.ft (2024)
• Raghuram Garden: Rs 1,200 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 750 per sq.ft, the total guideline value would be Rs 7,50,000. The stamp duty at 7% would amount to Rs 52,500, and the registration fee at 2% would be Rs 15,000, bringing the total cost to Rs 67,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Priya Nagar?

The Sub Registrar Office that covers Priya Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thiruninravur-A

The guideline value plays a crucial role in the registration process when buying or selling property in Thiruninravur-A. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standard value rather than fluctuating market prices.

When a property is sold, the guideline value is used to determine the minimum value for which the property can be registered. This helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Priya Nagar?

The current guideline value of Priya Nagar is Rs 750 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 60%, from Rs 469 per sq.ft to Rs 750 per sq.ft in 2024. The most recent change was a 7% increase from Rs 700 per sq.ft in 2023 to Rs 750 per sq.ft in 2024.

What is the land classification for Priya Nagar?

Priya Nagar is classified as Residential Class II Type - III, which indicates the type of development permissible in this area.

Where can I find the registration office for Priya Nagar?

The registration office for Priya Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the stamp duty calculated for property in Priya Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 7,50,000, the stamp duty would be Rs 52,500.