Guideline Value

Corporate

Guideline Value for PRP NAGAR

₹1960/sq.ft.

The guideline value for Prp Nagar in Nanmangalam village (Pallavaram SRO, Chengalpattu zone) is Rs 1960 per sq.ft, effective 1 July 2024. It was Rs 1800 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Nanmangalam

Village

Pallavaram

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹1960 /sq.ft.
From 1-4-2023 ₹1800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1206 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1800 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹94 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹66 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044
044-22413425
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Prp Nagar

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Prp Nagar guideline value

The current guideline value of Prp Nagar, located in Nanmangalam village under the Pallavaram SRO, is Rs 1,960 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 Prp Nagar has changed

The guideline value for Prp Nagar has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 66 per sq.ft. This increased significantly to Rs 94 per sq.ft in 2003, marking a 42% rise. The value then saw a substantial jump to Rs 300 per sq.ft in 2007, reflecting a 219% increase. In 2012, it remained at Rs 1,800 per sq.ft, indicating no figure for this street in that year. The 2017 revision saw a decrease to Rs 1,206 per sq.ft, but this was followed by a notable increase to Rs 1,800 per sq.ft in 2023, before reaching the current value of Rs 1,960 per sq.ft in 2024, which is a 9% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 2870%. The changes between the revisions demonstrate fluctuations, with the most significant increase occurring from 2007 to 2012, where the value rose by 500%.

Guideline values in Nanmangalam

Nanmangalam village has a total of 139 streets under the Pallavaram SRO, with the 2024 guideline values ranging from Rs 1,960 to Rs 3,850 per sq.ft. The median value for these streets is Rs 2,750 per sq.ft, placing Prp Nagar's current guideline value below that median.

Stamp duty and registration fee for property in Prp Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,960 per sq.ft, the total guideline value amounts to Rs 19,60,000. The stamp duty at 7% would be Rs 1,37,200, and the registration fee at 2% would be Rs 39,200, bringing the total cost for these fees to Rs 1,76,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

To calculate your fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Prp Nagar?

The Sub Registrar Office that covers Prp Nagar is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, 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 Nanmangalam

The guideline value plays a crucial role when buying or selling property in Nanmangalam. It is used to determine the stamp duty and registration fees applicable during the registration process. Buyers need to be aware that the fees are based on the guideline value or the sale price, whichever is higher.

This ensures that the transaction is recorded accurately and that the appropriate taxes are collected. Understanding the guideline value is essential for both buyers and sellers to navigate the property registration process effectively.

Frequently asked questions

What is the current guideline value of Prp Nagar?

The current guideline value of Prp Nagar is Rs 1,960 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, starting from Rs 66 per sq.ft in 2002 to Rs 1,960 per sq.ft in 2024, reflecting an overall increase of 2870% over the years.

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

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

Where is the Sub Registrar Office for Prp Nagar located?

The Sub Registrar Office for Prp Nagar is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

What are the guideline values of other streets in Nanmangalam?

Other streets in Nanmangalam have guideline values ranging from Rs 1,960 to Rs 3,850 per sq.ft, with a median value of Rs 2,750 per sq.ft. Streets like Radhakrishnan Nagar and Ponniyamman Koil Street have a guideline value of Rs 2,750 per sq.ft in 2024.