Guideline Value for Priya Nagar

Priya Nagar guideline value

The current guideline value of Priya Nagar, located in Adhanoor village under the Gooduvancheri SRO, is Rs 1,000 per sq.ft. This value is effective from the 2024 revision, which will be implemented on 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Priya Nagar has changed

Over the years, the guideline value of Priya Nagar has undergone several revisions. The earliest recorded value was Rs 300 per sq.ft in 2007. This figure increased significantly to Rs 1,000 per sq.ft in 2012, marking a substantial rise of 233%. In the following revision in 2017, the value was adjusted to Rs 670 per sq.ft, which represented a decrease of 33%. The guideline value then returned to Rs 1,000 per sq.ft in both the 2023 and 2024 revisions, showing no change between these two years.

From 2017 to 2023, there was a notable increase of 49%, bringing the value back to Rs 1,000 per sq.ft. Overall, from 2007 to 2024, the guideline value has increased by 233%, reflecting the fluctuations and adjustments made over the years. It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street.

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. The median value for these streets is Rs 1,000 per sq.ft, which is equal to the current guideline value of Priya Nagar.

• Priya Nagar Extn: 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

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, making the total cost for these fees Rs 90,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Priya Nagar?

The Sub Registrar Office that covers Priya Nagar 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 critical factor in the registration process when buying or selling property in Adhanoor. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value according to the government’s assessment.

When you register a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the state receives the appropriate revenue from property transactions, contributing to local development and infrastructure.

Frequently asked questions

What is the current guideline value of Priya Nagar?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 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 both 2023 and 2024.

What are the other streets with the same guideline value in Adhanoor?

Other streets in Adhanoor with the same guideline value of Rs 1,000 per sq.ft include Priya Nagar Extn, Pushpayagini Nagar, Perumal Nagar, Pearl City Extn, Pearl City, and Pargavi Avenue.

What is the registration fee for property in Priya Nagar?

The registration fee for property in Priya Nagar is calculated based on the guideline value. For example, for a property valued at Rs 10,00,000, the registration fee would be Rs 20,000 at 2%.

Where is the Sub Registrar Office for Priya Nagar located?

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