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Guideline Value

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Guideline Value for E.V.R.PERIYAR STREET (PERIYAR ROAD)

₹4400/sq.ft.

The guideline value for E.v.r.periyar Street (periyar Road) in Palavakkam village (Neelankarai SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Palavakkam

Village

Neelankarai

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on E.v.r.periyar Street (periyar Road)

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E.V.R.Periyar Street (Periyar Road) guideline value

The current guideline value of E.V.R.Periyar Street (Periyar Road) is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Palavakkam village under the Neelankarai SRO and is classified as Residential Class I Type - II.

How the guideline value of E.V.R.Periyar Street (Periyar Road) has changed

The guideline value for E.V.R.Periyar Street has undergone several revisions over the years. In 2012, the value was set at Rs 4,000 per sq.ft, which was then reduced to Rs 2,680 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back up to Rs 4,000 per sq.ft. The most recent revision in 2024 saw a further increase of 10%, resulting in the current value of Rs 4,400 per sq.ft.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. This lack of data means we cannot assess the guideline value changes during those years.

Guideline values in Palavakkam

In Palavakkam, there are 349 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median guideline value in this area is Rs 3,300 per sq.ft, indicating that E.V.R.Periyar Street's current value of Rs 4,400 per sq.ft is above this median.

Stamp duty and registration fee for property in E.V.R.Periyar Street (Periyar Road)

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total cost for these fees to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers E.V.R.Periyar Street (Periyar Road)?

The Sub Registrar Office that covers E.V.R.Periyar Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

When buying or selling property in Palavakkam, the guideline value serves as a benchmark for determining the stamp duty and registration fees that need to be paid. This value is crucial during the registration process, as it ensures that the transaction is recorded accurately in accordance with the prevailing rates set by the government.

It is essential for buyers and sellers to be aware of the guideline value, as it can affect the overall cost of the transaction. Understanding this value can help in making informed decisions during property transactions in the area.

Frequently asked questions

What is the current guideline value of E.V.R.Periyar Street?

The current guideline value of E.V.R.Periyar Street (Periyar Road) is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has seen various changes, starting from Rs 4,000 in 2012, dropping to Rs 2,680 in 2017, rising to Rs 4,000 in 2023, and finally reaching Rs 4,400 in 2024.

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

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations for E.V.R.Periyar Street?

The Neelankarai Sub Registrar Office is responsible for property registrations for E.V.R.Periyar Street. It is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai.

What is the land classification for E.V.R.Periyar Street?

E.V.R.Periyar Street is classified as Residential Class I Type - II, indicating it is designated for residential purposes within the area.