Guideline Value for PERIYA COLONY-ELLIYAMMAN KOIL ST

Periya Colony-Elliyamman Koil St guideline value

The current guideline value for Periya Colony-Elliyamman Koil St is Rs 350 per sq.ft, effective from 1 July 2024. This street is located in Thirupachur village under the Tiruvallur Joint 1 SRO, classified as Residential Class III Type - II.

How the guideline value of Periya Colony-Elliyamman Koil St has changed

The guideline value for Periya Colony-Elliyamman Koil St has undergone several revisions over the years. The 2012 revision set the value at Rs 300 per sq.ft, which then decreased to Rs 201 per sq.ft in the 2017 revision. From 2017 to 2023, the value saw a significant increase of 74%, bringing it back to Rs 350 per sq.ft, a figure that remained unchanged in the 2024 revision.

It is important to note that there are no figures available for this street in the years 2002, 2003, and 2007. Overall, from the 2012 revision to the current 2024 revision, the guideline value has increased by 17%.

Guideline values in Thirupachur

In Thirupachur, there are 19 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 300 to Rs 2,000 per sq.ft. The median value among these streets is Rs 550 per sq.ft, making the guideline value of Periya Colony-Elliyamman Koil St below the median.

• Pookara street/kavari street: Rs 1,000 per sq.ft (2024)
• Mettu street: Rs 1,500 per sq.ft (2024)
• Manthoppu street: Rs 550 per sq.ft (2024)
• Kumaran Nagar: Rs 400 per sq.ft (2024)
• Kottai Colony: Rs 300 per sq.ft (2024)
• Kosa street: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Periya Colony-Elliyamman Koil St

For a 1,000 sq.ft plot at the current guideline value of Rs 350 per sq.ft, the total guideline value amounts to Rs 3,50,000. The stamp duty at 7% would be Rs 24,500, and the registration fee at 2% would be Rs 7,000, resulting in a total of Rs 31,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Periya Colony-Elliyamman Koil St?

The Sub Registrar Office that covers Periya Colony-Elliyamman Koil St is 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 more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thirupachur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is considered to ensure that the appropriate taxes are collected based on the value of the property being transferred. This helps maintain transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Periya Colony-Elliyamman Koil St?

The current guideline value of Periya Colony-Elliyamman Koil St is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, then increased to Rs 350 per sq.ft in 2023, and remained the same in 2024.

What is the median guideline value in Thirupachur?

The median guideline value in Thirupachur is Rs 550 per sq.ft, with Periya Colony-Elliyamman Koil St's value being below this median.

What are the stamp duty and registration fees for properties in Periya Colony-Elliyamman Koil St?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot at Rs 350 per sq.ft, the total fees would be Rs 31,500.

Which office handles the registration for Periya Colony-Elliyamman Koil St?

The Tiruvallur Joint 1 Sub Registrar Office handles the registration for Periya Colony-Elliyamman Koil St, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.