Guideline Value for PERIYA PALAYATHAMMAN LANE

Periya Palayathamman Lane guideline value

The current guideline value of Periya Palayathamman Lane is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Perambur village, under the Purasaivakkam SRO, and falls under the Residential Class III Type - II land classification.

How the guideline value of Periya Palayathamman Lane has changed

The guideline value for Periya Palayathamman Lane has undergone several revisions over the years. Starting from the 2002 revision, the value was Rs 336 per sq.ft. This increased to Rs 369 per sq.ft in 2003, marking a 10% rise. The value saw a significant jump to Rs 550 per sq.ft in 2007, which was a 49% increase. The 2012 revision set the value at Rs 2,500 per sq.ft, a decrease of 355% from the previous revision. In 2017, the value rose to Rs 1,675 per sq.ft, reflecting a 49% increase. The most recent revision in 2023 set the value at Rs 2,500 per sq.ft, followed by an 8% increase to Rs 2,700 per sq.ft in 2024.

Overall, from 2002 to 2024, the guideline value has increased by 704%. There are no figures available for the revisions in the years not listed for this street.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO that carry a 2024 guideline value, ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value is Rs 2,700 per sq.ft, making the guideline value of Periya Palayathamman Lane equal to this median.

• Periya Palayathamman Street: Rs 2,700 per sq.ft (2024)
• Periya Malayappan Street: Rs 2,700 per sq.ft (2024)
• Periar Nagar Main Road: Rs 2,700 per sq.ft (2024)
• Periar Nagar 8th Cross Street: Rs 2,700 per sq.ft (2024)
• Periar Nagar 7th Cross Street: Rs 2,700 per sq.ft (2024)
• Periar Nagar 6th Cross Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Periya Palayathamman Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total to Rs 2,43,000. The duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Periya Palayathamman Lane?

The Sub Registrar Office that covers Periya Palayathamman Lane is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is an essential factor when registering property transactions in Perambur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction process.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is crucial for legal and taxation purposes. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Periya Palayathamman Lane?

The current guideline value of Periya Palayathamman Lane is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 336 per sq.ft in 2002 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of 704% over this period.

What is the land classification for Periya Palayathamman Lane?

Periya Palayathamman Lane falls under the Residential Class III Type - II land classification.

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

The Sub Registrar Office covering Periya Palayathamman Lane is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is stamp duty calculated for property in Periya Palayathamman Lane?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 2,43,000 based on the current guideline value.