Guideline Value for E - CITY

E - City guideline value

The current guideline value of E - City in Periyakuppam village is Rs 1,320 per sq.ft, effective from 1 July 2024. This property falls under the Tiruvallur Joint 1 SRO and is classified as Residential Class I Type - II.

How the guideline value of E - City has changed

In the 2023 revision, the guideline value was set at Rs 1,200 per sq.ft. The most recent 2024 revision has increased this value to Rs 1,320 per sq.ft, marking a change of +10% from the previous year. The register has no figure for the years 2017, 2012, 2007, 2003, and 2002 for this street.

As we look back, the guideline value has seen a steady increase from the 2023 revision to the 2024 revision. The 2024 figure of Rs 1,320 per sq.ft is above the median value of Rs 1,100 per sq.ft for the 105 streets in Periyakuppam under the Tiruvallur Joint 1 SRO.

Guideline values in Periyakuppam

Periyakuppam village has a range of guideline values for its streets, with figures for the 2024 revision ranging from Rs 550 to Rs 3,300 per sq.ft. E - City's guideline value of Rs 1,320 per sq.ft is above the median of Rs 1,100 per sq.ft. Below are the guideline values for other streets in Periyakuppam:

• Dharmalingam Street: Rs 1,100 per sq.ft (2024)
• Gandhi Puram: Rs 1,320 per sq.ft (2024)
• Gandhi Puram-I & II: Rs 1,320 per sq.ft (2024)
• Cholan Street: Rs 550 per sq.ft (2024)
• Gomathi Amman Nagar- Annex-27: Rs 879 per sq.ft (2024)
• Gopala Puram: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in E - City

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total to Rs 1,18,800. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers E - City?

The E - City area is covered by the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in property transactions in Periyakuppam. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. This ensures that the transaction is recorded at a value recognized by the government.

When selling property, the guideline value helps establish a baseline for negotiations. Buyers and sellers often refer to the guideline value to understand the fair value of the property being exchanged, ensuring transparency in the transaction process.

Frequently asked questions

What is the current guideline value of E - City?

The current guideline value of E - City in Periyakuppam is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of E - City increased from Rs 1,200 per sq.ft in 2023 to Rs 1,320 per sq.ft in 2024, reflecting a change of +10%. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What are the guideline values of other streets in Periyakuppam?

Other streets in Periyakuppam have varying guideline values, with the lowest being Rs 550 per sq.ft and the highest reaching Rs 3,300 per sq.ft. The median value for the area is Rs 1,100 per sq.ft.

How is stamp duty calculated for properties in E - City?

Stamp duty for properties in E - City is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.

Where can I find the Sub Registrar Office for E - City?

The Sub Registrar Office covering E - City is the Tiruvallur Joint 1 SRO, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.