Guideline Value for PERIYAR NAGAR 1ST CROSS STREET

Periyar Nagar 1st Cross Street guideline value

The current guideline value of Periyar Nagar 1st Cross Street is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Thirukkachur - 1 village under the Chengleput Joint II SRO, and it falls under the Residential Class I Type - I land classification.

How the guideline value of Periyar Nagar 1st Cross Street has changed

The guideline value for Periyar Nagar 1st Cross Street has seen several revisions over the years. Starting from the 2012 revision, the guideline value was Rs 600 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 402 per sq.ft. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 600 per sq.ft. The latest revision in 2024 has further increased the guideline value to Rs 660 per sq.ft, marking a 10% rise from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Thirukkachur - 1

In Thirukkachur - 1, there are 86 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 385 to Rs 3,300 per sq.ft. The median guideline value is Rs 660 per sq.ft, which is equal to the 2024 figure for Periyar Nagar 1st Cross Street.

• Periyar Nagar 2nd Cross Street: Rs 660 per sq.ft (2024)
• Periyar Nagar 2st Cross Street: Rs 660 per sq.ft (2024)
• Periyar Nagar 3rd Cross Street: Rs 660 per sq.ft (2024)
• Periyar Nagar 3st Cross Street: Rs 660 per sq.ft (2024)
• Pilliyar Kovil Street: Rs 660 per sq.ft (2024)
• Pallar Street: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Periyar Nagar 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, making the total fees Rs 59,400. 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 our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Periyar Nagar 1st Cross Street?

The Sub Registrar Office that covers Periyar Nagar 1st Cross Street is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thirukkachur - 1

The guideline value is a crucial factor when buying or selling property in Thirukkachur - 1. It determines the minimum value at which the property can be registered, ensuring that the transaction is recorded accurately with the appropriate fees. Buyers should be aware that the guideline value can influence the overall costs associated with property transactions.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the government receives the correct revenue based on the property's assessed value.

Frequently asked questions

What is the current guideline value for Periyar Nagar 1st Cross Street?

The current guideline value for Periyar Nagar 1st Cross Street is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 660 per sq.ft in 2024, marking an overall increase of 10% from 2012 to 2024. There were fluctuations in between, including a decrease to Rs 402 per sq.ft in 2017.

What are the other streets in Thirukkachur - 1 with the same guideline value?

Other streets in Thirukkachur - 1 that share the same guideline value of Rs 660 per sq.ft include Periyar Nagar 2nd Cross Street, Periyar Nagar 2st Cross Street, Periyar Nagar 3rd Cross Street, Periyar Nagar 3st Cross Street, and Pilliyar Kovil Street.

What is the registration fee for property in Periyar Nagar 1st Cross Street?

The registration fee for property in Periyar Nagar 1st Cross Street is calculated based on the guideline value. For example, for a property valued at Rs 6,60,000, the registration fee at 2% would amount to Rs 13,200.

Where can I find the Sub Registrar Office for Periyar Nagar 1st Cross Street?

The Sub Registrar Office for Periyar Nagar 1st Cross Street is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information about it online.