Guideline Value

Corporate

Guideline Value for PERIYAPALAYAM ROAD

₹870/sq.ft.

The guideline value for Periyapalayam Road in Thiruninravur-b village (Avadi SRO, Chennai zone) is Rs 870 per sq.ft, effective 1 July 2024. It was Rs 800 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thiruninravur-b

Village

Avadi

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹870 /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]
Records for a plot on Periyapalayam Road

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Periyapalayam Road guideline value

The current guideline value of Periyapalayam Road is Rs 870 per sq.ft, effective from 1 July 2024. This road is located in Thiruninravur-B village, under the Avadi SRO, and falls under the Residential Class II Type - II land classification.

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 revision is from 2017, where the value was Rs 737 per sq.ft. This increased to Rs 800 per sq.ft in 2023, and further to Rs 870 per sq.ft in the 2024 revision, marking a change of +9% from 2023 to 2024 and +9% from 2017 to 2023. Overall, from 2017 to 2024, the increase is +18%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street, as the register has no figure for these years.

Guideline values in Thiruninravur-B

In Thiruninravur-B, there are 374 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 330 to Rs 1,760 per sq.ft. The median guideline value in this area is Rs 770 per sq.ft, placing Periyapalayam Road's 2024 figure above that 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 870 per sq.ft, the total guideline value amounts to Rs 8,70,000. The stamp duty at 7% would be Rs 60,900, and the registration fee at 2% would be Rs 17,400, bringing the total cost for these fees to Rs 78,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, 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-B

The guideline value is a crucial factor during property registration in Thiruninravur-B, as it determines the amount of stamp duty and registration fees payable. Buyers and sellers must consider the guideline value when negotiating the sale price, as these fees are calculated based on the higher of the guideline value or the sale price.

It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations and to avoid any unexpected costs during the transaction process.

Frequently asked questions

What is the current guideline value of Periyapalayam Road?

The current guideline value of Periyapalayam Road is Rs 870 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 now to Rs 870 per sq.ft in 2024, showing an overall increase of +18% from 2017 to 2024.

What are the other guideline values in Thiruninravur-B?

In Thiruninravur-B, the guideline values range from Rs 330 to Rs 1,760 per sq.ft, with the median being Rs 770 per sq.ft. Periyapalayam Road's value is above this median.

What are the fees for registering property in Periyapalayam Road?

For a property valued at Rs 8,70,000, the stamp duty would be Rs 60,900, and the registration fee would be Rs 17,400, totaling Rs 78,300. These fees are based on the higher of the guideline value or the sale price.

Which office handles the registration for Periyapalayam Road?

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