Guideline Value for PERIYAKUPPAM COLONY

Periyakuppam Colony guideline value

The current guideline value of Periyakuppam Colony, located in Periyakuppam village under the Tiruvallur Joint 1 SRO, is Rs 879 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - IV.

How the guideline value of Periyakuppam Colony has changed

Over the years, the guideline value of Periyakuppam Colony has seen several revisions. The 2012 revision set the value at Rs 800 per sq.ft, which then decreased to Rs 536 per sq.ft in 2017. Following this, the value increased significantly to Rs 800 per sq.ft in 2023, and further rose to Rs 879 per sq.ft in 2024, marking a 10% increase from the previous year. The register has no figures for the years 2002, 2003, and 2007.

From 2017 to 2023, there was a notable increase of 49%, while the overall change from 2012 to 2024 reflects a 10% increase. The fluctuations in values highlight the dynamic nature of the guideline value for this street.

Guideline values in Periyakuppam

In Periyakuppam village, there are 105 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 3,300 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value of Periyakuppam Colony is below this median.

• Parimelagar Street: Rs 1,100 per sq.ft (2024)
• Pallavan Street: Rs 1,100 per sq.ft (2024)
• Pakthavachalam Street: Rs 1,650 per sq.ft (2024)
• Padmini Nagar: Rs 879 per sq.ft (2024)
• Om Ganesh Nagar: Rs 879 per sq.ft (2024)
• Puzgalenthi Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Periyakuppam Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 879 per sq.ft, the total guideline value would be Rs 8,79,000. The stamp duty at 7% would amount to Rs 61,530, while the registration fee at 2% would be Rs 17,580, bringing the total fees to Rs 79,110. 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 details.

Which Sub Registrar Office covers Periyakuppam Colony?

The Sub Registrar Office that covers Periyakuppam Colony 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 Periyakuppam

The guideline value plays a crucial role during the registration process when buying or selling property in Periyakuppam. It serves as a reference point for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration process is transparent and standardized across the region.

Frequently asked questions

What is the current guideline value of Periyakuppam Colony?

The current guideline value of Periyakuppam Colony is Rs 879 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then to Rs 800 per sq.ft in 2023, and finally to Rs 879 per sq.ft in 2024.

What is the land classification for Periyakuppam Colony?

The land classification for Periyakuppam Colony is Residential Special Type - IV.

Where can I find the Sub Registrar Office for Periyakuppam Colony?

The Sub Registrar Office for Periyakuppam Colony is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

How is stamp duty calculated in Periyakuppam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the total fees would include both stamp duty and registration fees.