Guideline Value for Priyanka Nagar

Priyanka Nagar guideline value

The current guideline value of Priyanka Nagar is Rs 700 per sq.ft, effective from 1 July 2024. This area is located in Sriperumbudur A village under the Sriperumpudur SRO, classified as Residential Class III Type - I.

How the guideline value of Priyanka Nagar has changed

Looking at the revisions, the guideline value for Priyanka Nagar has remained stable at Rs 700 per sq.ft for both the 2023 and 2024 revisions. Prior to this, in the 2017 revision, the value was Rs 469 per sq.ft, marking a significant increase of 49% from 2017 to 2023, and the same percentage increase from 2017 to 2024.

The register has no figure for Priyanka Nagar for the years 2002, 2003, 2007, and 2012. Therefore, the only available figures are from 2017, 2023, and 2024, with no changes noted between 2023 and 2024.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 400 to Rs 3,000 per sq.ft. The median value is Rs 700 per sq.ft, which is equal to the guideline value of Priyanka Nagar.

• Priya nagar: Rs 700 per sq.ft (2024)
• Pootheri pandai: Rs 700 per sq.ft (2024)
• Pooja Park: Rs 1,800 per sq.ft (2024)
• Raghavendra Street: Rs 700 per sq.ft (2024)
• Podi Kadai Lane: Rs 700 per sq.ft (2024)
• Rainbow: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Priyanka Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total to Rs 63,000. 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 Priyanka Nagar?

The Sub Registrar Office that covers Priyanka 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 when registering property transactions in Sriperumbudur A. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value serves as a reference point for both buyers and sellers. It helps in establishing a fair transaction value and is used by the registration authorities to assess the applicable fees.

Frequently asked questions

What is the current guideline value of Priyanka Nagar?

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

How has the guideline value changed over the years?

The guideline value has remained at Rs 700 per sq.ft for the years 2023 and 2024, while it was Rs 469 per sq.ft in 2017, reflecting a 49% increase from 2017 to 2023 and 2024.

What is the land classification for Priyanka Nagar?

Priyanka Nagar is classified as Residential Class III Type - I, which indicates its suitability for residential development.

Where can I find the Sub Registrar Office for Priyanka Nagar?

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

How is the stamp duty calculated for property in Priyanka Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 7,00,000, the stamp duty at 7% would be Rs 49,000.