Guideline Value for PERIYANATHAM POLICE LINE

Periyanatham Police Line guideline value

The current guideline value of Periyanatham Police Line is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Chengalpattu Natham village under the Chengleput Joint II SRO, classified as Residential Special Type - III.

How the guideline value of Periyanatham Police Line has changed

The guideline value for Periyanatham Police Line has seen several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which was reduced to Rs 1,340 per sq.ft in the 2017 revision. However, the 2023 revision increased it to Rs 2,000 per sq.ft, followed by a further increase to Rs 2,200 per sq.ft in the 2024 revision, marking a 10% rise from the previous year.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. Overall, when comparing the 2012 revision to the 2024 revision, there has been a 10% increase. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Chengalpattu Natham

In Chengalpattu Natham, there are 88 streets under the Chengleput Joint II SRO with a guideline value range from Rs 1,100 to Rs 5,500 per sq.ft. The median guideline value is Rs 2,200 per sq.ft, which is equal to the current value of Periyanatham Police Line.

• Periya Rathinam Street: Rs 2,200 per sq.ft (2024)
• Paziya Police Line: Rs 1,650 per sq.ft (2024)
• Periyar Street (Periyar Chetty Street): Rs 3,850 per sq.ft (2024)
• Pasith Street (A) Matha Kovil Street: Rs 1,650 per sq.ft (2024)
• Parthasarathy Street: Rs 1,100 per sq.ft (2024)
• Pillaiyar Koil Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Periyanatham Police Line

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees to Rs 1,98,000. 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 Periyanatham Police Line?

The Sub Registrar Office that covers Periyanatham Police Line is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property in Chengalpattu Natham. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded at a fair value as determined by the government.

When buying or selling property, the guideline value helps in determining the legal obligations and costs involved in the registration process. It is essential for both buyers and sellers to be aware of the current guideline value to avoid discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of Periyanatham Police Line?

The current guideline value of Periyanatham Police Line is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 in 2012 to Rs 1,340 in 2017, then back to Rs 2,000 in 2023, and finally to Rs 2,200 in 2024. The overall change from 2012 to 2024 is an increase of 10%.

What are the registration fees for property in Periyanatham Police Line?

The registration fees for a property in Periyanatham Police Line include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Periyanatham Police Line?

The Chengleput Joint II Sub Registrar Office covers Periyanatham Police Line and is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the median guideline value in Chengalpattu Natham?

The median guideline value in Chengalpattu Natham is Rs 2,200 per sq.ft, which is the same as the current value for Periyanatham Police Line.