Guideline Value for PRIYA NAGAR

Priya Nagar guideline value

The current guideline value of Priya Nagar is Rs 770 per sq.ft, effective from 1 July 2024. This street is located in Thiruninravur-B village under the Avadi SRO and falls under the Residential Class II Type - III land classification.

How the guideline value of Priya Nagar has changed

The guideline value for Priya Nagar has undergone several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 469 per sq.ft. This increased to Rs 700 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 has set the guideline value at Rs 770 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. 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-B

In Thiruninravur-B, there are 374 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 1,760 per sq.ft. The median guideline value in this area is Rs 770 per sq.ft, which is equal to the current value of Priya Nagar.

• Prakash Nagar Phase-(I-III Part Including): Rs 1,400 per sq.ft (2024)
• Prakasam Nagar: Rs 770 per sq.ft (2024)
• Ponniyamman Nagar: Rs 770 per sq.ft (2024)
• Ragavendra Nagar: Rs 770 per sq.ft (2024)
• Ragavendra Nagar Extn: Rs 770 per sq.ft (2024)
• Raghuram Garden: Rs 1,190 per sq.ft (2024)

Stamp duty and registration fee for property in Priya Nagar

For a 1,000 sq.ft plot at the current rate of Rs 770 per sq.ft, the guideline value would be Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total to Rs 69,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details on fees applicable to your property transaction.

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-B

The guideline value is a crucial factor in property transactions within Thiruninravur-B, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the transaction is legally compliant.

Frequently asked questions

What is the current guideline value of Priya Nagar?

The current guideline value of Priya Nagar is Rs 770 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 469 per sq.ft in 2017 to Rs 770 per sq.ft in 2024, which is an overall increase of 64%.

What were the guideline values in the previous revisions?

The guideline values were Rs 469 per sq.ft in 2017, Rs 700 per sq.ft in 2023, and Rs 770 per sq.ft in 2024. There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street.

What is the stamp duty for property in Priya Nagar?

The stamp duty for property in Priya Nagar is calculated at 7% of the guideline value. For a 1,000 sq.ft plot, this amounts to Rs 53,900.

Which Sub Registrar Office should I visit for transactions in Priya Nagar?

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