Guideline Value for EVR PERIYAR STREET

Evr Periyar Street guideline value

The current guideline value of Evr Periyar Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village under the Pallavaram SRO, classified as Residential Class I Type - II.

How the guideline value of Evr Periyar Street has changed

The guideline value for Evr Periyar Street has seen several revisions over the years. The 2012 revision set the value at Rs 3,000 per sq.ft, which remained unchanged in the 2023 revision. However, in the 2024 revision, the value increased to Rs 3,300 per sq.ft, marking a 10% rise from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2017 for this street. Overall, from the 2012 revision to the 2024 revision, there has been a 10% increase in the guideline value.

Guideline values in Zaminpallavaram

Zaminpallavaram village has a total of 638 streets under the Pallavaram SRO, with 2024 guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft. The guideline value for Evr Periyar Street aligns with the median value of Rs 3,300 per sq.ft.

• Ethiraj Street: Rs 2,750 per sq.ft (2024)
• Ethiraj Colony: Rs 3,300 per sq.ft (2024)
• Fernando Street: Rs 3,300 per sq.ft (2024)
• E.S.I Colony: Rs 3,520 per sq.ft (2024)
• Erikarai Street: Rs 2,750 per sq.ft (2024)
• Erikarai Ora Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Evr Periyar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost for these fees to Rs 2,97,000. 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 Evr Periyar Street?

The Sub Registrar Office that covers Evr Periyar Street is located at Pallavaram Sub Registrar Office, 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, 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 plays a crucial role in the registration process when buying or selling property in Zaminpallavaram. It is used to determine the applicable stamp duty and registration fees, ensuring that the transaction is compliant with local regulations.

When a property is sold, the guideline value is considered to ensure that the sale price reflects the government’s assessment of the property's worth. This helps maintain transparency in property transactions and ensures that the correct fees are collected.

Frequently asked questions

What is the current guideline value of Evr Periyar Street?

The current guideline value of Evr Periyar Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 3,000 per sq.ft from 2012 to 2023, before increasing to Rs 3,300 per sq.ft in 2024. Overall, there has been a 10% increase from 2012 to 2024.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For example, on a 1,000 sq.ft plot at Rs 3,300 per sq.ft, the total fees would amount to Rs 2,97,000.

Which office handles property registrations for Evr Periyar Street?

The Pallavaram Sub Registrar Office handles property registrations for Evr Periyar Street, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

What is the significance of the guideline value in property transactions?

The guideline value is significant as it determines the stamp duty and registration fees for property transactions. It ensures that the sale price reflects the government’s assessment of the property's worth and maintains transparency in the registration process.