Guideline Value for Priya Nagar Extn

Priya Nagar Extn guideline value

The current guideline value of Priya Nagar Extn is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is located in Adhanoor village, under the Gooduvancheri SRO, and is classified as Residential Special Type - I.

How the guideline value of Priya Nagar Extn has changed

The guideline value for Priya Nagar Extn has seen several revisions over the years. In 2007, the value was Rs 200 per sq.ft, which increased to Rs 1,000 per sq.ft in 2012, marking a significant rise of 400%. However, from 2012 to 2017, the value decreased to Rs 670 per sq.ft, a drop of 33%. The value then increased to Rs 1,000 per sq.ft in both the 2023 and 2024 revisions, showing no change between these two years.

Notably, there are no figures available for the revisions of 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 400%.

Guideline values in Adhanoor

In Adhanoor, there are 169 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 670 to Rs 3,000 per sq.ft, with the median being Rs 1,000 per sq.ft. The guideline value for Priya Nagar Extn aligns with this median.

• Priya Nagar: Rs 1,000 per sq.ft (2024)
• Pushpayagini Nagar: Rs 1,000 per sq.ft (2024)
• Perumal Nagar: Rs 1,000 per sq.ft (2024)
• Pearl City Extn: Rs 1,000 per sq.ft (2024)
• Pearl City: Rs 1,000 per sq.ft (2024)
• Pargavi Avenue: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Priya Nagar Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total fees to Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Priya Nagar Extn?

The Sub Registrar Office that covers Priya Nagar Extn 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 Adhanoor

The guideline value is a crucial factor in the registration process when buying or selling property in Adhanoor. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the duty is charged based on the higher amount. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Priya Nagar Extn?

The current guideline value of Priya Nagar Extn is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012, then decreased to Rs 670 per sq.ft in 2017, and returned to Rs 1,000 per sq.ft in 2023 and 2024.

What are the other streets in Adhanoor and their guideline values?

Other streets in Adhanoor also have a guideline value of Rs 1,000 per sq.ft in 2024, including Priya Nagar, Pushpayagini Nagar, Perumal Nagar, Pearl City Extn, Pearl City, and Pargavi Avenue.

What is the stamp duty rate for property in Priya Nagar Extn?

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

Where can I find the Sub Registrar Office for Priya Nagar Extn?

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