Guideline Value for Priyadharshini Nagar

Priyadharshini Nagar guideline value

The current guideline value of Priyadharshini Nagar is Rs 250 per sq.ft, effective from 1 July 2024. This area is located in Erivakkam village and falls under the Gooduvancheri SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Priyadharshini Nagar has changed

Over the years, the guideline value of Priyadharshini Nagar has seen several revisions. The 2007 revision set the value at Rs 150 per sq.ft, which increased to Rs 250 per sq.ft in 2012, marking a 67% rise. However, in 2017, the value dropped to Rs 167 per sq.ft, a decrease of 33%. The most recent revisions in 2023 and 2024 have kept the value steady at Rs 250 per sq.ft, indicating no change from the previous year.

The overall change from the 2007 revision to the 2024 revision is a 67% increase, reflecting the fluctuations in the guideline value over the years. Notably, the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Erivakkam

In Erivakkam, there are 19 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 2,000 per sq.ft, with a median value of Rs 400 per sq.ft. Priyadharshini Nagar's 2024 figure is below this median.

• Purushothaman Nagar: Rs 200 per sq.ft (2024)
• Sai Lakshmi Township: Rs 500 per sq.ft (2024)
• Saroja Nagar Phase-I: Rs 250 per sq.ft (2024)
• Sri Saibaba Nagar: Rs 300 per sq.ft (2024)
• Krishna Nagar: Rs 400 per sq.ft (2024)
• Kowsalya Nagar Phase-I: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Priyadharshini Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value is Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total charges to Rs 22,500. 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 information.

Which Sub Registrar Office covers Priyadharshini Nagar?

The Sub Registrar Office that covers Priyadharshini 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 further assistance.

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

The guideline value plays a crucial role in property transactions in Erivakkam, as it is used to determine the stamp duty and registration fees payable during the sale or purchase of property. Buyers should be aware that the guideline value is set by the government and can vary between different areas and streets.

When registering a property, the guideline value is considered to ensure that the correct fees are applied. This helps maintain transparency in property transactions and ensures that all parties are aware of the financial obligations involved.

Frequently asked questions

What is the current guideline value of Priyadharshini Nagar?

The current guideline value of Priyadharshini Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent being Rs 250 per sq.ft in both 2023 and 2024. The value was Rs 167 per sq.ft in 2017, and Rs 250 per sq.ft in 2012.

What is the registration office for Priyadharshini Nagar?

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

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

For a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500 and the registration fee would be Rs 5,000, totaling Rs 22,500. These fees are based on the guideline value or the sale price, whichever is higher.

Are there other streets in Erivakkam with different guideline values?

Yes, there are other streets in Erivakkam under the Gooduvancheri SRO with varying guideline values, ranging from Rs 200 to Rs 2,000 per sq.ft.