Guideline Value for PRIYADHARASINI GARDEN

Priyadharasini Garden guideline value

The current guideline value of Priyadharasini Garden is Rs 1,000 per sq.ft, effective from 1 July 2024. This property is located in Chemmancheri village, under the Neelankarai SRO, and is classified as Residential Class V Type - II.

How the guideline value of Priyadharasini Garden has changed

The guideline value for Priyadharasini Garden has undergone several revisions over the years. The earliest recorded figure is from 2012, where the guideline value was Rs 750 per sq.ft. This increased to Rs 502 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, the value saw a significant increase of 99%, bringing it back to Rs 1,000 per sq.ft, which remained unchanged in the 2024 revision.

There are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 33%, now standing at Rs 1,000 per sq.ft.

Guideline values in Chemmancheri

In Chemmancheri, there are 195 streets under the Neelankarai SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 6,600 per sq.ft, with a median of Rs 1,700 per sq.ft. The guideline value for Priyadharasini Garden is below this median.

• Prim Liberty Garden: Rs 1,000 per sq.ft (2024)
• Pridivraj Garden: Rs 1,000 per sq.ft (2024)
• Prasanna Garden: Rs 3,900 per sq.ft (2024)
• Radhakrishnan Garden: Rs 1,700 per sq.ft (2024)
• Pondichery Pattai Road: Rs 3,300 per sq.ft (2024)
• Pondichery Pattai: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Priyadharasini Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total fees to Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Priyadharasini Garden?

Priyadharasini Garden falls under the jurisdiction of the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Chemmancheri. It serves as a benchmark for determining the stamp duty and registration fees that are payable when a property is bought or sold.

Frequently asked questions

What is the current guideline value of Priyadharasini Garden?

The current guideline value of Priyadharasini Garden is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2012 to Rs 502 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023 and remained the same in 2024.

What is the land classification of Priyadharasini Garden?

Priyadharasini Garden is classified as Residential Class V Type - II, which is relevant for property transactions in the area.

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai.

How is stamp duty calculated for properties in Priyadharasini Garden?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 1,000 per sq.ft, the stamp duty would be Rs 70,000.