Guideline Value for Priya Nagar Extn-I to V

Priya Nagar Extn-I to V guideline value

The current guideline value for Priya Nagar Extn-I to V is Rs 2,000 per sq.ft as per the 2023 revision. This area falls under Urapakkam village, governed by the Gooduvancheri SRO, and is classified as Mixed Special Type - I land.

How the guideline value of Priya Nagar Extn-I to V has changed

The guideline value for Priya Nagar Extn-I to V has undergone several revisions over the years. Starting from the 2007 revision, the guideline value was Rs 780 per sq.ft. This increased significantly to Rs 2,000 per sq.ft in 2012, marking an increase of 156%. However, by the 2017 revision, the value dropped to Rs 1,340 per sq.ft, a decrease of 33%. The most recent 2023 revision has restored the value back to Rs 2,000 per sq.ft, reflecting an increase of 49% from the 2017 figure.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 156%. It is important to note that the register has no figures for the years 2002, 2003, and 2024 for this street.

Guideline values in Urapakkam

Currently, there are no specific village figures available for Urapakkam. However, Priya Nagar Extn-I to V is part of the Urapakkam area under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Priya Nagar Extn-I to V

For a 1,000 sq.ft plot at the current guideline value of Rs 2,000 per sq.ft, the total guideline value amounts to Rs 20,00,000. The stamp duty at 7% would be Rs 1,40,000, and the registration fee at 2% would be Rs 40,000, bringing the total cost for these fees to Rs 1,80,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Priya Nagar Extn-I to V?

The Sub Registrar Office that covers Priya Nagar Extn-I to V is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Urapakkam. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

When a property is sold, the guideline value helps determine the minimum price at which the property can be registered. Buyers and sellers must be aware of this value to ensure compliance with local regulations and to avoid any legal issues during the transaction.

Frequently asked questions

What is the current guideline value for Priya Nagar Extn-I to V?

The current guideline value for Priya Nagar Extn-I to V is Rs 2,000 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

Over the years, the guideline value has seen significant changes, with the most recent increase to Rs 2,000 per sq.ft in 2023, up from Rs 1,340 per sq.ft in 2017, and back to Rs 2,000 per sq.ft from Rs 2,000 per sq.ft in 2012.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 20,00,000, the stamp duty would be Rs 1,40,000 and the registration fee would be Rs 40,000, totaling Rs 1,80,000. These fees are calculated based on the higher of the guideline value or the sale price.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

What is the land classification for Priya Nagar Extn-I to V?

Priya Nagar Extn-I to V is classified as Mixed Special Type - I land, which influences its guideline value and usage regulations.