Guideline Value for SRI PRITHYANGARA NAGAR

Sri Prithyangara Nagar guideline value

The current guideline value of Sri Prithyangara Nagar is Rs 126 per sq.ft, effective from 1 July 2024. This area is located in Royal Pathoo village, under the jurisdiction of Thiruporur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Sri Prithyangara Nagar has changed

The guideline value for Sri Prithyangara Nagar has undergone several revisions over the years. The earliest recorded revision was in 2012, where the value was Rs 125 per sq.ft. In 2017, this value increased to Rs 84 per sq.ft, reflecting a decrease of 33%. The value then rose significantly to Rs 126 per sq.ft in 2023, marking a 50% increase from the previous revision. The guideline value remained unchanged at Rs 126 per sq.ft in the 2024 revision.

There are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has seen a slight increase of 1%.

Guideline values in Royal Pathoo

In Royal Pathoo village, three streets are recorded under the Thiruporur SRO for the 2024 guideline value, ranging from Rs 126 to Rs 500 per sq.ft. The median value for these streets is Rs 150 per sq.ft, placing Sri Prithyangara Nagar's 2024 figure below this median.

• Royal City: Rs 150 per sq.ft (2024)
• K.P.S. Nagar Phase - I: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Prithyangara Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 126 per sq.ft, the total guideline value amounts to Rs 1,26,000. The stamp duty at 7% would be Rs 8,820, and the registration fee at 2% would be Rs 2,520, bringing the total cost for these fees to Rs 11,340. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Prithyangara Nagar?

The Sub Registrar Office that covers Sri Prithyangara Nagar is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Royal Pathoo. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures transparency in property transactions and helps maintain a standardized approach to property valuation in the region.

Frequently asked questions

What is the current guideline value of Sri Prithyangara Nagar?

The current guideline value of Sri Prithyangara Nagar is Rs 126 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 125 per sq.ft in 2012 to Rs 126 per sq.ft in 2024, with a significant increase from Rs 84 per sq.ft in 2017 to Rs 126 per sq.ft in 2023.

What is the land classification of Sri Prithyangara Nagar?

Sri Prithyangara Nagar is classified as Residential Class II Type - I, indicating its suitability for residential development.

What are the other streets in Royal Pathoo and their guideline values?

Other streets in Royal Pathoo include Royal City with a guideline value of Rs 150 per sq.ft and K.P.S. Nagar Phase - I with a guideline value of Rs 500 per sq.ft for 2024.

Where is the Thiruporur Sub Registrar Office located?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.