Guideline Value for PERIYAR NAGAR / STREET

Periyar Nagar / Street guideline value

The current guideline value of Periyar Nagar / Street is Rs 7,150 per sq.ft. 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 Nagar / Street has changed

The guideline value for Periyar Nagar / Street has undergone several revisions over the years. The 2012 revision set the value at Rs 6,500 per sq.ft, which was then reduced to Rs 4,355 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 6,500 per sq.ft in the 2023 revision, and finally, it reached Rs 7,150 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The revisions for the years 2002, 2003, and 2007 do not have any figures recorded for this street.

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, with a median value of Rs 9,900 per sq.ft. The guideline value of Periyar Nagar / Street is below this median.

• Periyar E.V.R Salai (Lakshmipuram): Rs 7,150 per sq.ft (2024)
• Pazhandiamman Koil Street: Rs 3,520 per sq.ft (2024)
• Pillaiar Koil Street (Rajaji Nagr): Rs 9,900 per sq.ft (2024)
• Parvettai Chavadi: Rs 3,520 per sq.ft (2024)
• Parvathi Street: Rs 11,000 per sq.ft (2024)
• Pillaiyar Koil Street: Rs 7,150 per sq.ft (2024)

Stamp duty and registration fee for property in Periyar Nagar / Street

For a 1,000 sq.ft plot at the current rate of Rs 7,150 per sq.ft, the 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, bringing the total to Rs 6,43,500. Please note that 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 information.

Which Sub Registrar Office covers Periyar Nagar / Street?

The Sub Registrar Office that covers Periyar Nagar / Street 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 details.

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

The guideline value is an important factor in the registration of property transactions in Thiruvanmiyur. It serves as a benchmark for determining the minimum value of a property for the purpose of calculating stamp duty and registration fees.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for both buyers and sellers. It helps in maintaining transparency in property dealings and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value of Periyar Nagar / Street?

The current guideline value of Periyar Nagar / Street 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, increasing from Rs 6,500 per sq.ft in 2012 to Rs 4,355 per sq.ft in 2017, then rising to Rs 6,500 per sq.ft in 2023, and finally reaching Rs 7,150 per sq.ft in 2024.

What is the classification of land in Periyar Nagar / Street?

Periyar Nagar / Street is classified as Residential Class IV Type - I, indicating its designation for residential purposes.

What are the stamp duty and registration fees for property in Periyar Nagar / Street?

For a property valued at Rs 71,50,000, the stamp duty would be Rs 5,00,500 and the registration fee would be Rs 1,43,000, totaling Rs 6,43,500.

Where can I find the Sub Registrar Office for Periyar Nagar / Street?

The Sub Registrar Office for Periyar Nagar / Street 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.