Guideline Value

Corporate

Guideline Value for PERIYAPALAYAM ROAD

₹840/sq.ft.

The guideline value for Periyapalayam Road in Thiruninravur-a village (Avadi SRO, Chennai zone) is Rs 840 per sq.ft, effective 1 July 2024. It was Rs 800 per sq.ft from 1 April 2023, a 5% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thiruninravur-a

Village

Avadi

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹840 /sq.ft.
From 1-4-2023 ₹800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹737 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District
044-26558484
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]

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Periyapalayam Road guideline value

The current guideline value of Periyapalayam Road is Rs 840 per sq.ft, effective from 1 July 2024. This road is located in the village of Thiruninravur-A and falls under the Avadi SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Periyapalayam Road has changed

The guideline value for Periyapalayam Road has seen several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 737 per sq.ft. This was followed by an increase to Rs 800 per sq.ft in the 2023 revision, marking a change of +9% from the previous figure. The most recent revision in 2024 set the guideline value at Rs 840 per sq.ft, reflecting a +5% increase from 2023. Overall, from 2017 to 2024, the guideline value has increased by +14%.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street in the register.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,750 per sq.ft. The median guideline value in this area is Rs 750 per sq.ft, placing Periyapalayam Road's 2024 figure above this median.

Stamp duty and registration fee for property in Periyapalayam Road

For a 1,000 sq.ft plot at the current guideline value of Rs 840 per sq.ft, the total guideline value would be Rs 8,40,000. The stamp duty at 7% would amount to Rs 58,800, and the registration fee at 2% would be Rs 16,800, resulting in a total of Rs 75,600. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Periyapalayam Road?

The Sub Registrar Office that covers Periyapalayam Road is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Thiruninravur-A

The guideline value is a critical factor in the registration process when buying or selling property in Thiruninravur-A. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is used to calculate the applicable fees, ensuring that the government receives the appropriate revenue from property transactions. Buyers and sellers must be aware of the current guideline value to understand the financial implications of their property dealings.

Frequently asked questions

What is the current guideline value of Periyapalayam Road?

The current guideline value of Periyapalayam Road is Rs 840 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 737 per sq.ft in 2017 to Rs 800 per sq.ft in 2023, and then to Rs 840 per sq.ft in 2024. This represents an overall increase of +14% from 2017 to 2024.

What are the stamp duty rates for property transactions?

The stamp duty rate for property transactions is 7% of the guideline value or sale price, whichever is higher. Additionally, there is a registration fee of 2% applicable.

Where can I find the Sub Registrar Office for Periyapalayam Road?

The Sub Registrar Office for Periyapalayam Road is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What is the median guideline value in Thiruninravur-A?

The median guideline value in Thiruninravur-A is Rs 750 per sq.ft. The guideline value for Periyapalayam Road is above this median at Rs 840 per sq.ft.