Guideline Value for PRIYADHARSHINI NAGAR

Priyadharshini Nagar guideline value

The current guideline value of Priyadharshini Nagar is Rs 2,900 per sq.ft, effective from 1 July 2024. This area is located in Chitthalapakkam village, under the Selaiyur SRO, and is classified as Industries Type - I.

How the guideline value of Priyadharshini Nagar has changed

Over the years, the guideline value of Priyadharshini Nagar has seen several revisions. The 2012 revision set the value at Rs 2,700 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 1,809 per sq.ft. The 2023 revision increased the value to Rs 2,700 per sq.ft, and the latest revision in 2024 raised it to Rs 2,900 per sq.ft, marking a 7% increase from the previous year.

From 2012 to 2024, the overall change in guideline value is an increase of 7%. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Chitthalapakkam

In Chitthalapakkam, there are 107 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 5,000 per sq.ft. The median guideline value is Rs 2,900 per sq.ft, which is equal to the current value of Priyadharshini Nagar.

• Pranav Boomi: Rs 2,700 per sq.ft (2024)
• Perumal Koil Street: Rs 1,950 per sq.ft (2024)
• Rajiv Gandhi Street: Rs 1,950 per sq.ft (2024)
• Palm Avenue Extension: Rs 3,300 per sq.ft (2024)
• Palm Avenue: Rs 3,300 per sq.ft (2024)
• Royal Garden: Rs 2,250 per sq.ft (2024)

Stamp duty and registration fee for property in Priyadharshini Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,900 per sq.ft, the total guideline value would be Rs 29,00,000. The stamp duty at 7% would amount to Rs 2,03,000, and the registration fee at 2% would be Rs 58,000, totaling Rs 2,61,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Priyadharshini Nagar?

Priyadharshini Nagar falls under the jurisdiction of the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Chitthalapakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the property is not undervalued during the transaction.

When a property is sold, the guideline value helps in calculating the stamp duty and registration fees, which are based on the higher of the guideline value or the sale price. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Priyadharshini Nagar?

The current guideline value of Priyadharshini Nagar is Rs 2,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,700 per sq.ft in 2023 to Rs 2,900 per sq.ft in 2024, marking a 7% increase. From 2017 to 2023, it increased by 49%, while it decreased from Rs 2,700 per sq.ft in 2012 to Rs 1,809 per sq.ft in 2017.

What is the land classification of Priyadharshini Nagar?

Priyadharshini Nagar is classified as Industries Type - I, indicating its suitability for industrial development.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is stamp duty calculated for properties in Priyadharshini Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 2,03,000.