Guideline Value for PERIYAR NAGAR 1 TO 4 STREETS

Periyar Nagar 1 To 4 Streets guideline value

The current guideline value of Periyar Nagar 1 To 4 Streets is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Thirusulam village and falls under the Pallavaram SRO. The land classification for this street is Residential Class IV Type - I.

How the guideline value of Periyar Nagar 1 To 4 Streets has changed

Looking at the revisions, the guideline value for Periyar Nagar 1 To 4 Streets has seen several changes over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which was then reduced to Rs 670 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value back to Rs 1,000 per sq.ft, and the latest 2024 revision has set it at Rs 1,100 per sq.ft. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, followed by a significant increase of 49% from 2017 to 2023. The change from 2023 to 2024 reflects a 10% increase. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Thirusulam

In Thirusulam, there are 74 streets under the Pallavaram SRO with a 2024 guideline value ranging from Rs 1,080 to Rs 2,750 per sq.ft. The median value for these streets is Rs 1,940 per sq.ft, making the guideline value for Periyar Nagar 1 To 4 Streets below this median.

• Periyar Nagar: Rs 1,100 per sq.ft (2024)
• Pilliyar Koil Street: Rs 1,940 per sq.ft (2024)
• Pachiamman Koil Street 1 To 8 Streets: Rs 1,320 per sq.ft (2024)
• Pachiamman Koil Street: Rs 1,320 per sq.ft (2024)
• Rani Anna Nagar: Rs 1,320 per sq.ft (2024)
• Rani Anna Nagar 1 To 4 Cross Streets: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Periyar Nagar 1 To 4 Streets

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, making the total cost for these fees Rs 99,000. 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 Nagar 1 To 4 Streets?

The Sub Registrar Office that covers Periyar Nagar 1 To 4 Streets is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Thirusulam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for both buyers and sellers. It helps in assessing the fair value of a property and is essential for calculating the associated fees during the registration process.

Frequently asked questions

What is the current guideline value of Periyar Nagar 1 To 4 Streets?

The current guideline value of Periyar Nagar 1 To 4 Streets is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification for Periyar Nagar 1 To 4 Streets?

The land classification for Periyar Nagar 1 To 4 Streets is Residential Class IV Type - I.

What is the registration office for Periyar Nagar 1 To 4 Streets?

The registration office for Periyar Nagar 1 To 4 Streets is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 at a rate of 7%.