Guideline Value for PERIYAPALAYATHAMMAN KOVIL STREET

Periyapalayathamman Kovil Street guideline value

The current guideline value of Periyapalayathamman Kovil Street is Rs 830 per sq.ft, effective from 1 July 2024. This street is located in Naduveerapattu village under the Padappai SRO, and it falls under the Mixed Type - I land classification.

How the guideline value of Periyapalayathamman Kovil Street has changed

Since the 2017 revision, the guideline value of Periyapalayathamman Kovil Street has seen significant changes. The guideline value was Rs 502 per sq.ft in 2017, which increased to Rs 750 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the value at Rs 830 per sq.ft, reflecting an 11% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 65%.

Guideline values in Naduveerapattu

Naduveerapattu village has a total of 96 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 2,500 per sq.ft. The median guideline value for these streets is Rs 660 per sq.ft, placing Periyapalayathamman Kovil Street's 2024 figure above that median.

• Pari Nagar: Rs 330 per sq.ft (2024)
• P.G.S Green Land: Rs 660 per sq.ft (2024)
• P.G.S GreenLand Phase-II: Rs 660 per sq.ft (2024)
• Prem Nagar: Rs 550 per sq.ft (2024)
• N.M.Nagar: Rs 1,210 per sq.ft (2024)
• Rajalakshmi Nagar: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Periyapalayathamman Kovil Street

For a 1,000 sq.ft plot at the current rate of Rs 830 per sq.ft, the guideline value would be Rs 8,30,000. The stamp duty at 7% would be Rs 58,100, and the registration fee at 2% would be Rs 16,600, totaling Rs 74,700. 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 Periyapalayathamman Kovil Street?

The Sub Registrar Office that covers Periyapalayathamman Kovil Street is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Naduveerapattu, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value helps establish the stamp duty and registration fees that are applicable.

It is important for buyers and sellers to be aware of the current guideline value as it impacts the overall cost of the transaction. Ensuring compliance with the guideline value is essential for a smooth registration process.

Frequently asked questions

What is the current guideline value of Periyapalayathamman Kovil Street?

The current guideline value of Periyapalayathamman Kovil Street is Rs 830 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 502 per sq.ft to Rs 830 per sq.ft in 2024, representing an overall increase of 65%.

What is the median guideline value for streets in Naduveerapattu?

The median guideline value for the 96 streets in Naduveerapattu is Rs 660 per sq.ft, with Periyapalayathamman Kovil Street's 2024 value being above this median.

What are the stamp duty and registration fees for a property in Periyapalayathamman Kovil Street?

For a property valued at Rs 8,30,000, the stamp duty would be Rs 58,100 and the registration fee would be Rs 16,600, totaling Rs 74,700.

Which office handles property registrations for Periyapalayathamman Kovil Street?

The Padappai Sub Registrar Office handles property registrations for Periyapalayathamman Kovil Street, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.