Guideline Value for PERIYA PALAIYATHAMMAN 1ST LANE

Periya Palaiyathamman 1st Lane guideline value

The current guideline value of Periya Palaiyathamman 1st Lane is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Manapakkam village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class V Type - III.

How the guideline value of Periya Palaiyathamman 1st Lane has changed

The guideline value for Periya Palaiyathamman 1st Lane has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 85 per sq.ft, which increased to Rs 95 per sq.ft in 2003, marking a 12% rise. The value then saw a significant increase to Rs 400 per sq.ft in 2007, representing a 321% change. In 2012, the value was Rs 1,000 per sq.ft, reflecting a 150% increase from the previous revision. However, this was followed by a decrease to Rs 670 per sq.ft in 2017, which was a 33% drop. The value rose again to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,100 per sq.ft from the 2024 revision, indicating a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1194%. There are no figures available for other revisions for this street in the register.

Guideline values in Manapakkam

In Manapakkam, there are 368 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 12,800 per sq.ft. The median guideline value in this area is Rs 2,530 per sq.ft, making the current value of Periya Palaiyathamman 1st Lane below that median.

• Periya Palaiyathamman 2nd Lane: Rs 1,100 per sq.ft (2024)
• Periya Palaiyathamman Street: Rs 1,100 per sq.ft (2024)
• Periya Palayathamman Koil 1st Street: Rs 1,100 per sq.ft (2024)
• Periya Palayathamman Koil 2nd Street: Rs 1,100 per sq.ft (2024)
• Periya Palayathamman Koil 3rd Street: Rs 1,100 per sq.ft (2024)
• Periya Palayathamman Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Periya Palaiyathamman 1st Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, making the total charges Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Periya Palaiyathamman 1st Lane?

The Sub Registrar Office that covers Periya Palaiyathamman 1st Lane 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. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Manapakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are essential components of the registration process. Buyers and sellers must be aware of these values to ensure compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value of Periya Palaiyathamman 1st Lane?

The current guideline value of Periya Palaiyathamman 1st Lane is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 85 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, representing an overall increase of 1194% over the years.

What is the land classification for Periya Palaiyathamman 1st Lane?

The land classification for Periya Palaiyathamman 1st Lane is Residential Class V Type - III.

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

The Sub Registrar Office for Periya Palaiyathamman 1st Lane 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 this lane?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 11,00,000, the stamp duty at 7% would be Rs 77,000.