Guideline Value for Priya nagar

Priya nagar guideline value

The current guideline value of Priya nagar is Rs 700 per sq.ft, effective from 1 July 2024. This area is located in Sriperumbudur A village, under the Sriperumpudur SRO. The land classification for this street is Residential Class III Type - I.

How the guideline value of Priya nagar has changed

The guideline value for Priya nagar has remained constant at Rs 700 per sq.ft from the 2023 revision to the 2024 revision. Prior to this, in the 2017 revision, the guideline value was Rs 469 per sq.ft, indicating a significant increase of 49% from 2017 to 2023.

There are no figures recorded for the years 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 3,000 per sq.ft. The median guideline value for these streets is Rs 700 per sq.ft, which is equal to the current guideline value of Priya nagar.

• Priyanka Nagar: Rs 700 per sq.ft (2024)
• Pootheri pandai: Rs 700 per sq.ft (2024)
• Pooja Park: Rs 1,800 per sq.ft (2024)
• Podi Kadai Lane: Rs 700 per sq.ft (2024)
• Raghavendra Street: Rs 700 per sq.ft (2024)
• Rainbow: 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 rate of Rs 700 per sq.ft, the guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, totaling Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Priya nagar?

The Sub Registrar Office that covers Priya 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 A

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

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Priya nagar?

The current guideline value of Priya nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Priya nagar has remained the same at Rs 700 per sq.ft from 2023 to 2024, with a 49% increase from Rs 469 per sq.ft in 2017 to 2023.

What is the land classification for Priya nagar?

Priya nagar is classified as Residential Class III Type - I, which indicates its intended use for residential purposes.

What are the stamp duty and registration fees for property in Priya nagar?

For a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000 and the registration fee would be Rs 14,000, totaling Rs 63,000.

Where is the Sub Registrar Office for Priya nagar located?

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