Guideline Value for Prithvi Nagar

Prithvi Nagar guideline value

The current guideline value of Prithvi Nagar, located in Sriperumbudur B village, is Rs 1,005 per sq.ft, effective from 1 July 2024. This property falls under the Sriperumpudur SRO and is classified as Residential Class I Type - III.

How the guideline value of Prithvi Nagar has changed

The guideline value for Prithvi Nagar has remained consistent at Rs 1,005 per sq.ft across several revisions. The 2017 revision set the value at Rs 1,005 per sq.ft, which continued unchanged into the 2023 revision and the latest 2024 revision.

There are no figures available for the years 2002, 2003, 2007, and 2012 for this street. Therefore, the overall change from 2017 to 2024 is recorded at +0%.

Guideline values in Sriperumbudur B

In Sriperumbudur B, there are 114 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 700 to Rs 3,000 per sq.ft, with a median value of Rs 902 per sq.ft. Prithvi Nagar's guideline value is above this median.

• Sri Balaji Nagar: Rs 1,206 per sq.ft (2024)
• Krishna Nagar: Rs 1,206 per sq.ft (2024)
• Kasthuri Nagar: Rs 804 per sq.ft (2024)
• Doctors Vijayam Township Extension: Rs 1,800 per sq.ft (2024)
• Baba Nagar: Rs 2,000 per sq.ft (2024)
• Adhilakshmi Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Prithvi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,005 per sq.ft, the total guideline value amounts to Rs 10,05,000. The stamp duty at 7% would be Rs 70,350, and the registration fee at 2% would be Rs 20,100, bringing the total to Rs 90,450. Note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Prithvi Nagar?

The Sub Registrar Office that covers Prithvi Nagar is 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 Sriperumbudur B

The guideline value is crucial in the registration process of property transactions in Sriperumbudur B. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property.

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 Prithvi Nagar?

The current guideline value of Prithvi Nagar is Rs 1,005 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained unchanged at Rs 1,005 per sq.ft since 2017, with no changes recorded in the revisions for 2023 and 2024.

What is the land classification for Prithvi Nagar?

Prithvi Nagar is classified as Residential Class I Type - III, which indicates its zoning for residential development.

Where can I find the Sub Registrar Office for Prithvi Nagar?

The Sub Registrar Office for Prithvi Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Prithvi Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at Rs 1,005 per sq.ft, the total guideline value would be Rs 10,05,000, leading to specific stamp duty and registration fees.