Guideline Value for PERIYANDAVAR NAGAR ANNEX

Periyandavar Nagar Annex guideline value

The current guideline value of Periyandavar Nagar Annex is Rs 250 per sq.ft, effective from 1 July 2024. This area falls under the Arani_Tiruvallur SRO and is classified as Residential Class III Type - I.

How the guideline value of Periyandavar Nagar Annex has changed

Looking at the historical revisions, the guideline value for Periyandavar Nagar Annex was Rs 167 per sq.ft in the 2017 revision. It remained at Rs 250 per sq.ft in the 2023 revision. The latest revision in 2024 also set the value at Rs 250 per sq.ft, indicating no change from the previous year. The register has no figure for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, there was a 50% increase in the guideline value. Overall, comparing the 2017 revision to the 2024 revision, the guideline value has increased by 50% as well.

Guideline values in Ernavakkam

In Ernavakkam, the guideline value per sq.ft varies across different streets. Periyandavar Nagar Annex currently stands at Rs 250 per sq.ft. Other streets in Ernavakkam include:

• Sri Vivekanandha Avenue: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Periyandavar Nagar Annex

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, making the total cost for these fees Rs 22,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Periyandavar Nagar Annex?

The Sub Registrar Office that covers Periyandavar Nagar Annex is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Ernavakkam. It is the minimum value set by the government for property transactions, ensuring that the transaction is recorded at a fair value.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Periyandavar Nagar Annex?

The current guideline value of Periyandavar Nagar Annex is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 50%. It was Rs 167 per sq.ft in 2017, Rs 250 per sq.ft in 2023, and remains at Rs 250 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Periyandavar Nagar Annex?

For a property valued at Rs 2,50,000, the stamp duty is Rs 17,500 and the registration fee is Rs 5,000, totaling Rs 22,500. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Periyandavar Nagar Annex?

The Arani_Tiruvallur Sub Registrar Office covers Periyandavar Nagar Annex. It is located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101.

What is the land classification for Periyandavar Nagar Annex?

Periyandavar Nagar Annex is classified as Residential Class III Type - I, which indicates the type of development and usage allowed in the area.