Guideline Value for Prince Paradise (Prince Residencia)

Prince Paradise (Prince Residencia) guideline value

The current guideline value for Prince Paradise (Prince Residencia) is Rs 1,000 per sq.ft. It is located in Nemili_B village under the Sriperumpudur SRO and is classified as Commercial Class I Type - II.

How the guideline value of Prince Paradise (Prince Residencia) has changed

According to the guideline value register, there are no figures available for the years 2002, 2003, 2007, 2012, and 2017 for this street. The 2023 revision also recorded a guideline value of Rs 1,000 per sq.ft, which remained unchanged in the 2024 revision.

The 2024 revision, effective from 1 July 2024, has maintained the guideline value at Rs 1,000 per sq.ft, reflecting a change of +0% from the 2023 revision.

Guideline values in Nemili_B

In Nemili_B, there are 97 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 1,500 per sq.ft, with a median value of Rs 250 per sq.ft. The guideline value for Prince Paradise (Prince Residencia) is above this median.

• Prime City: Rs 200 per sq.ft (2024)
• Prasannalaxmi Nagar: Rs 200 per sq.ft (2024)
• Pump Room Street: Rs 150 per sq.ft (2024)
• Pillaiyar Koil Street: Rs 200 per sq.ft (2024)
• Rajaji Street: Rs 150 per sq.ft (2024)
• Rajan Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Prince Paradise (Prince Residencia)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Prince Paradise (Prince Residencia)?

The Prince Paradise (Prince Residencia) is covered by the Sriperumpudur Sub Registrar Office located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering a property in Nemili_B. It determines the stamp duty and registration fees that are applicable at the time of the transaction.

When a property is bought or sold, the guideline value serves as a benchmark for determining the official value of the property. This ensures that the fees are calculated accurately based on the established rates.

Frequently asked questions

What is the current guideline value for Prince Paradise (Prince Residencia)?

The current guideline value for Prince Paradise (Prince Residencia) is Rs 1,000 per sq.ft as per the 2024 revision.

What changes have occurred in the guideline value for this property?

There have been no changes in the guideline value from 2023 to 2024, as it remains at Rs 1,000 per sq.ft. The previous revisions from 2002, 2003, 2007, 2012, and 2017 have no figures available for this street.

How does the guideline value compare to other streets in Nemili_B?

The guideline value for Prince Paradise (Prince Residencia) is above the median value of Rs 250 per sq.ft for the 97 streets in Nemili_B. Other streets in the area have varying guideline values, with rates ranging from Rs 150 to Rs 1,500 per sq.ft.

What is the registration fee and stamp duty for properties in this area?

The stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher. The registration fee is 2% of the same amount, which can be calculated using the guideline value.

Where can I find the Sub Registrar Office for this property?

The Sub Registrar Office covering Prince Paradise (Prince Residencia) is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find more information by visiting the relevant link.