Guideline Value for Big Street(Periya Theru)

Big Street(Periya Theru) guideline value

The current guideline value of Big Street(Periya Theru) in Zaminpallavaram village is Rs 3,520 per sq.ft, effective from 1 July 2024. This street falls under the Pallavaram SRO and is classified as Residential Class I Type - I.

How the guideline value of Big Street(Periya Theru) has changed

The guideline value for Big Street(Periya Theru) has seen significant changes over the years. In the 2003 revision, the value was Rs 130 per sq.ft, which increased to Rs 600 per sq.ft in 2007. This was a substantial rise of 362%. From 2007 to 2012, the value surged to Rs 3,200 per sq.ft, marking an increase of 433%. However, the 2012 revision saw a decrease to Rs 2,144 per sq.ft in 2017, a drop of 33%. The value then rose again to Rs 3,200 per sq.ft in 2023, followed by the current value of Rs 3,520 per sq.ft in 2024, reflecting a 10% increase.

Overall, from the 2003 revision to the current value in 2024, the guideline value has increased by 2,608%. The register has no figure for the year 2002 for this street.

Guideline values in Zaminpallavaram

Zaminpallavaram village has a total of 638 streets under the Pallavaram SRO, with guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, placing Big Street(Periya Theru)'s 2024 figure above this median.

• Bhuvaneswari Matha Street: Rs 2,750 per sq.ft (2024)
• B.M. Gopal Street: Rs 3,300 per sq.ft (2024)
• Bramin Street: Rs 3,300 per sq.ft (2024)
• Bhavani Nagar: Rs 4,400 per sq.ft (2024)
• Bharthi Nagar Main Road: Rs 4,400 per sq.ft (2024)
• Bharthi Nagar Cross Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Big Street(Periya Theru)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value would be Rs 35,20,000. The stamp duty at 7% would amount to Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, leading to a total of Rs 3,16,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Big Street(Periya Theru)?

The Sub Registrar Office that covers Big Street(Periya Theru) is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Zaminpallavaram. It serves as a benchmark for determining the minimum price at which a property can be registered. The registration process requires that the property be sold at or above this guideline value.

When a property is registered, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of Big Street(Periya Theru)?

The current guideline value of Big Street(Periya Theru) is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 130 per sq.ft in 2003 to Rs 3,520 per sq.ft in 2024, reflecting an overall increase of 2,608% over the years.

What is the land classification of Big Street(Periya Theru)?

Big Street(Periya Theru) is classified as Residential Class I Type - I.

Where can I find the Sub Registrar Office for Big Street(Periya Theru)?

The Sub Registrar Office for Big Street(Periya Theru) is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is the stamp duty calculated for properties in Big Street(Periya Theru)?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 35,20,000, the stamp duty would be Rs 2,46,400 at 7%.