Guideline Value for PERIAR NAGAR 1ST STREET

Periar Nagar 1st Street guideline value

The current guideline value of Periar Nagar 1st Street is Rs 988 per sq.ft, effective from 1 July 2024. This street is located in Tiruttani village, under the jurisdiction of the Thiruttani Sub Registrar Office (SRO). The land classification for this area is Residential Class II Type - I.

How the guideline value of Periar Nagar 1st Street has changed

The guideline value for Periar Nagar 1st Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 988 per sq.ft, an increase from Rs 900 per sq.ft in the 2023 revision. Prior to that, the 2017 revision recorded a value of Rs 603 per sq.ft. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Between the revisions, the guideline value increased significantly. From 2017 to 2023, there was a 49% increase, and from 2023 to 2024, the value rose by 10%. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Tiruttani

In Tiruttani, there are 160 streets under the Thiruttani SRO that carry a 2024 guideline value, ranging from Rs 548 to Rs 1,540 per sq.ft. The median value for these streets is Rs 825 per sq.ft, placing the 2024 guideline value of Periar Nagar 1st Street above this median.

• Pepria Street: Rs 1,099 per sq.ft (2024)
• Pepriar Nagar 8th Street: Rs 988 per sq.ft (2024)
• Pepriar Nagar 6th Street: Rs 988 per sq.ft (2024)
• Pepriar Nagar 5th Street: Rs 988 per sq.ft (2024)
• Pepriar Nagar 4th Street: Rs 988 per sq.ft (2024)
• Pepriar Nagar 3th Street: Rs 988 per sq.ft (2024)

Stamp duty and registration fee for property in Periar Nagar 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 988 per sq.ft, the total guideline value amounts to Rs 9,88,000. The stamp duty at 7% would be Rs 69,160, while the registration fee at 2% would be Rs 19,760, bringing the total cost for these fees to Rs 88,920. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Periar Nagar 1st Street?

The Sub Registrar Office that covers Periar Nagar 1st Street is the Thiruttani Sub Registrar Office, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, in the Chennai registration zone. You can find your SRO for more details.

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

When buying or selling property in Tiruttani, the guideline value is a critical factor in determining the applicable stamp duty and registration fees. The guideline value serves as a benchmark for the minimum value at which a property can be registered, ensuring that the government receives the appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process. The guideline value is updated periodically, reflecting changes in the real estate market and local conditions.

Frequently asked questions

What is the current guideline value of Periar Nagar 1st Street?

The current guideline value of Periar Nagar 1st Street is Rs 988 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 603 per sq.ft to Rs 988 per sq.ft in 2024, marking a total increase of 64% over this period.

What are the stamp duty and registration fees for property in Periar Nagar 1st Street?

For a property valued at Rs 9,88,000, the stamp duty would be Rs 69,160 and the registration fee would be Rs 19,760, totaling Rs 88,920.

Which Sub Registrar Office covers Periar Nagar 1st Street?

The Thiruttani Sub Registrar Office covers Periar Nagar 1st Street, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209.

What is the land classification for Periar Nagar 1st Street?

The land classification for Periar Nagar 1st Street is Residential Class II Type - I, indicating its designation for residential use.