Guideline Value for PRIYAM GARDEN

Priyam Garden guideline value

The current guideline value of Priyam Garden, located in Peruveli village under the Madurandakam SRO, is Rs 200 per sq.ft. This value is effective from the 2024 revision, which will be in place starting 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Priyam Garden has changed

Over the years, the guideline value for Priyam Garden has undergone several revisions. The earliest recorded figure is from 2012, which was Rs 200 per sq.ft. In 2017, the value decreased to Rs 134 per sq.ft, marking a decline of 33%. However, this was followed by a significant increase to Rs 200 per sq.ft in 2023, representing a 49% rise. The current guideline value remains unchanged at Rs 200 per sq.ft from the 2023 revision to the 2024 revision, indicating a 0% change.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for Priyam Garden in the register. Thus, the revisions available are from 2012, 2017, 2023, and the upcoming 2024 revision.

Guideline values in Peruveli

In Peruveli village, there are 12 streets under the Madurandakam SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 600 per sq.ft, with the median value being Rs 200 per sq.ft. The guideline value for Priyam Garden aligns with this median.

• Ngo Nagar Extension: Rs 200 per sq.ft (2024)
• Sri Jayalakshmi Avenue: Rs 126 per sq.ft (2024)
• Sri Sai Nagar Phase - I: Rs 250 per sq.ft (2024)
• Kamadenu Nagar: Rs 251 per sq.ft (2024)
• J.J.Nagar Extention - I: Rs 100 per sq.ft (2024)
• Aishwarya Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Priyam Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total fees to Rs 18,000. It is essential to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Priyam Garden?

The Sub Registrar Office that covers Priyam Garden is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Peruveli. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Priyam Garden?

The current guideline value of Priyam Garden is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has varied over the years, with the most recent figures being Rs 200 per sq.ft in both 2023 and 2024, while it was Rs 134 per sq.ft in 2017 and Rs 200 per sq.ft in 2012.

What are the other streets in Peruveli with their guideline values?

Other streets in Peruveli include Ngo Nagar Extension at Rs 200 per sq.ft, Sri Jayalakshmi Avenue at Rs 126 per sq.ft, and Sri Sai Nagar Phase - I at Rs 250 per sq.ft, among others.

What are the stamp duty and registration fees for property in Priyam Garden?

For a 1,000 sq.ft plot, the total guideline value is Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000.

Which office handles the registration for Priyam Garden?

The Madurandakam Sub Registrar Office handles the registration for Priyam Garden, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.