Guideline Value for PERIYA COLONY SUDUKADU SALAI

Periya Colony Sudukadu Salai guideline value

The current guideline value of Periya Colony Sudukadu Salai is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Pallikaranai village under the Chennai South Joint I SRO, classified as Residential Class IV Type - II.

How the guideline value of Periya Colony Sudukadu Salai has changed

The guideline value for Periya Colony Sudukadu Salai has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,320 per sq.ft, which is an increase of 10% from the 2023 revision of Rs 1,200 per sq.ft. Prior to that, the 2012 revision also recorded a value of Rs 1,200 per sq.ft, indicating no change during that period.

There are no figures available for the years 2002, 2003, 2007, and 2017 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Pallikaranai

Pallikaranai village has a total of 749 streets under the Chennai South Joint I SRO, with 2024 guideline values ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, which means that the guideline value for Periya Colony Sudukadu Salai is below this median.

• Periya Mutharamman Nagar: Rs 1,320 per sq.ft (2024)
• Periyar Nagar: Rs 2,200 per sq.ft (2024)
• Periyar Nagar 1st Cross Street: Rs 2,200 per sq.ft (2024)
• Periyar Nagar 2nd Cross Street: Rs 1,320 per sq.ft (2024)
• Periyar Nagar Extn.: Rs 2,200 per sq.ft (2024)
• Periyar Nagar Kannabiran St/Elango Adigalar Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Periya Colony Sudukadu Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, totaling Rs 1,18,800. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Periya Colony Sudukadu Salai?

The Sub Registrar Office that covers Periya Colony Sudukadu Salai is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035, Chennai registration zone.

You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Pallikaranai. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used for calculating the applicable duties. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Periya Colony Sudukadu Salai?

The current guideline value of Periya Colony Sudukadu Salai is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased by 10% from Rs 1,200 per sq.ft in 2023 to Rs 1,320 per sq.ft in 2024. There was no change in value from 2012 to 2023, as both years recorded Rs 1,200 per sq.ft.

What is the classification of land in Periya Colony Sudukadu Salai?

The land in Periya Colony Sudukadu Salai is classified as Residential Class IV Type - II.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Periya Colony Sudukadu Salai is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is the stamp duty calculated for properties in Pallikaranai?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 92,400 at 7% of Rs 13,20,000.