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Guideline Value

Corporate

Guideline Value for PERIYAR NAGAR & STREETS

₹804/sq.ft.

The guideline value for Periyar Nagar & Streets in Mukthapudupattu village (Avadi SRO, Chennai zone) is Rs 804 per sq.ft, effective 1 July 2024. It was Rs 600 per sq.ft from 1 April 2023, a 34% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mukthapudupattu

Village

Avadi

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹804 /sq.ft.
From 1-4-2023 ₹600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹268 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹400 /sq.ft.
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 Periyar Nagar & Streets

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Periyar Nagar & Streets guideline value

The current guideline value of Periyar Nagar & Streets in Mukthapudupattu village, under the Avadi SRO, is Rs 804 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of Periyar Nagar & Streets has changed

The guideline value for Periyar Nagar & Streets has seen several revisions over the years. The earliest recorded figure is from 2012, where the value was Rs 400 per sq.ft. This was followed by a decrease to Rs 268 per sq.ft in 2017. However, from 2017 to 2023, the value surged to Rs 600 per sq.ft, marking a significant increase of 124%. The most recent revision in 2024 shows a further increase to Rs 804 per sq.ft, reflecting a rise of 34% from the previous year.

It is important to note that there are no recorded guideline values for Periyar Nagar & Streets in the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 101%.

Guideline values in Mukthapudupattu

In Mukthapudupattu, there are 37 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 804 per sq.ft, with a median value of Rs 802 per sq.ft. The guideline value for Periyar Nagar & Streets is above this median.

Stamp duty and registration fee for property in Periyar Nagar & Streets

For a 1,000 sq.ft plot at the current guideline value of Rs 804 per sq.ft, the total guideline value amounts to Rs 8,04,000. The stamp duty, charged at 7%, would be Rs 56,280, while the registration fee at 2% would be Rs 16,080. Together, these fees amount to Rs 72,360. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Periyar Nagar & Streets?

The Sub Registrar Office that covers Periyar Nagar & Streets 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 information.

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

The guideline value is a crucial factor during the registration process when buying or selling property in Mukthapudupattu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately in the official register.

When a property is sold, the guideline value helps in assessing the legal value of the property, which is essential for both the buyer and the seller. This ensures transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value for Periyar Nagar & Streets?

The current guideline value for Periyar Nagar & Streets is Rs 804 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2012, the guideline value has increased from Rs 400 per sq.ft to Rs 804 per sq.ft in 2024, showing a significant overall increase of 101%.

What is the land classification for Periyar Nagar & Streets?

The land classification for Periyar Nagar & Streets is Residential Class II Type - I.

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

The Avadi Sub Registrar Office covers Periyar Nagar & Streets, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. These fees are based on the higher of the guideline value or the sale price of the property.