Guideline Value for PRP GARDEN

Prp Garden guideline value

The current guideline value of Prp Garden is Rs 700 per sq.ft, effective from 1 July 2024. This property is located in Pazhaveli village under the Chengleput Joint II SRO, with a land classification of Mixed Type - III.

How the guideline value of Prp Garden has changed

The guideline value for Prp Garden has remained consistent at Rs 700 per sq.ft since the 2023 revision. Prior to that, the register has no figure for this street for the revisions in 2017, 2012, 2007, 2003, and 2002.

From 2023 to 2024, there was no percentage change in the guideline value, maintaining the rate at Rs 700 per sq.ft. The absence of figures in earlier revisions indicates stability in the guideline value over time.

Guideline values in Pazhaveli

In addition to Prp Garden, other streets in Pazhaveli also have a guideline value of Rs 700 per sq.ft for the year 2024. Below are the other streets in Pazhaveli:

• Grand City: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Prp Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, resulting in a total of Rs 63,000. It's important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Prp Garden?

The Chengleput Joint II Sub Registrar Office covers Prp Garden, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Pazhaveli. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

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

Frequently asked questions

What is the current guideline value of Prp Garden?

The current guideline value of Prp Garden is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Prp Garden has remained at Rs 700 per sq.ft since the 2023 revision. There are no figures available for earlier revisions from 2017, 2012, 2007, 2003, and 2002.

What is the stamp duty rate for properties in Prp Garden?

The stamp duty rate for properties in Prp Garden is 7% of the guideline value. This means that for a property valued at Rs 7,00,000, the stamp duty would amount to Rs 49,000.

What registration fees apply to property transactions in Prp Garden?

The registration fee for property transactions in Prp Garden is 2% of the guideline value. For a property valued at Rs 7,00,000, the registration fee would be Rs 14,000.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles the registration of properties in the area, including Prp Garden.