Guideline Value for PRIYADHARSHINI GARDEN

Priyadharshini Garden guideline value

The current guideline value of Priyadharshini Garden in Enjambakkam village, under the Neelankarai SRO, is Rs 2,800 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of Priyadharshini Garden has changed

The guideline value for Priyadharshini Garden has seen several revisions over the years. Starting from Rs 112 per sq.ft in 2003, it increased significantly to Rs 500 per sq.ft in 2007. The value then rose to Rs 2,500 per sq.ft in 2012, but saw a decrease to Rs 1,675 per sq.ft in 2017. Following this, the value surged to Rs 2,500 per sq.ft in 2023, and most recently, it has been revised to Rs 2,800 per sq.ft in 2024.

In terms of percentage changes, the guideline value increased by 12% from 2023 to 2024, and by 49% from 2017 to 2023. However, there was a decrease of 33% from 2012 to 2017. The increase from 2007 to 2012 was substantial at 400%, and from 2003 to 2007, it rose by 346%. Overall, from 2003 to 2024, the guideline value has increased by 2400%. The register has no figure for this street in 2002.

Guideline values in Enjambakkam

Enjambakkam village has a total of 253 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,100 to Rs 7,200 per sq.ft. The median guideline value for the village is Rs 2,200 per sq.ft, making the current value of Priyadharshini Garden above this median.

• Prarthana Salai Main Road: Rs 2,800 per sq.ft (2024)
• Prarthana Salai Cross Street: Rs 1,675 per sq.ft (2024)
• Prarthana Avenue: Rs 1,675 per sq.ft (2024)
• Prabala Nagar: Rs 2,200 per sq.ft (2024)
• Pothigai Street: Rs 1,700 per sq.ft (2024)
• Punitha Anthoniyar Beach Church Colony: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Priyadharshini Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value amounts to Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, bringing the total cost for these fees to Rs 2,52,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Priyadharshini Garden?

The Sub Registrar Office that covers Priyadharshini Garden is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering a property in Enjambakkam. It determines the minimum price at which a property can be sold or purchased, ensuring that all transactions are conducted at a fair value as per the government’s assessment.

When you buy or sell a property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the transfer of property ownership. These fees are based on the guideline value or the actual sale price, whichever is higher, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Priyadharshini Garden?

The current guideline value of Priyadharshini Garden is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 112 per sq.ft in 2003 to Rs 2,800 per sq.ft in 2024, with various increases and decreases in between.

What are the stamp duty rates for properties in Priyadharshini Garden?

The stamp duty rate for properties in Priyadharshini Garden is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Priyadharshini Garden?

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

What is the median guideline value in Enjambakkam?

The median guideline value in Enjambakkam is Rs 2,200 per sq.ft, with Priyadharshini Garden's value being above this median.