Guideline Value for PERIYAR E.V.R SALAI (LAKSHMIPURAM)

Periyar E.V.R Salai (Lakshmipuram) guideline value

The current guideline value of Periyar E.V.R Salai (Lakshmipuram) is Rs 7,150 per sq.ft, effective from 1 July 2024. This street is located in Thiruvanmiyur village, under the Chennai South Joint I SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Periyar E.V.R Salai (Lakshmipuram) has changed

The guideline value for Periyar E.V.R Salai (Lakshmipuram) has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 7,150 per sq.ft, which is a 10% increase from the 2023 revision of Rs 6,500 per sq.ft. Prior to that, in 2017, the value was Rs 4,355 per sq.ft, marking a significant 49% increase to the 2023 figure. The 2012 revision also recorded a value of Rs 6,500 per sq.ft, which was a decrease of 33% from the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by 10%.

It is important to note that there are no registered figures for Periyar E.V.R Salai (Lakshmipuram) in the years 2002, 2003, and 2007. This lack of data indicates that the street did not have a guideline value recorded in those years.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 3,520 to Rs 12,660 per sq.ft. The median guideline value for these streets is Rs 9,900 per sq.ft, placing the current value of Periyar E.V.R Salai (Lakshmipuram) below this median.

• Periyar Nagar / Street: Rs 7,150 per sq.ft (2024)
• Pazhandiamman Koil Street: Rs 3,520 per sq.ft (2024)
• Parvettai Chavadi: Rs 3,520 per sq.ft (2024)
• Parvathi Street: Rs 11,000 per sq.ft (2024)
• Pari Street T.N.H.B.: Rs 11,000 per sq.ft (2024)
• Pillaiar Koil Street (Rajaji Nagr): Rs 9,900 per sq.ft (2024)

Stamp duty and registration fee for property in Periyar E.V.R Salai (Lakshmipuram)

For a 1,000 sq.ft plot at the current guideline value of Rs 7,150 per sq.ft, the total guideline value amounts to Rs 71,50,000. The stamp duty at 7% would be Rs 5,00,500, and the registration fee at 2% would be Rs 1,43,000, leading to a total of Rs 6,43,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Periyar E.V.R Salai (Lakshmipuram)?

The Sub Registrar Office that covers Periyar E.V.R Salai (Lakshmipuram) is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thiruvanmiyur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations during property transactions.

When a property is registered, the guideline value is used to calculate the stamp duty, which is charged at a percentage of the higher value between the guideline value and the sale price. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Periyar E.V.R Salai (Lakshmipuram)?

The current guideline value of Periyar E.V.R Salai (Lakshmipuram) is Rs 7,150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 7,150 per sq.ft in 2024, up from Rs 6,500 per sq.ft in 2023, and Rs 4,355 per sq.ft in 2017.

What is the land classification for Periyar E.V.R Salai (Lakshmipuram)?

Periyar E.V.R Salai (Lakshmipuram) is classified as Residential Class IV Type - I.

What are the guideline values for other streets in Thiruvanmiyur?

Other streets in Thiruvanmiyur have varying guideline values, with rates ranging from Rs 3,520 to Rs 12,660 per sq.ft. The median value for these streets is Rs 9,900 per sq.ft.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Periyar E.V.R Salai (Lakshmipuram) is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.