Guideline Value for PERIYAR NAGAR 2ND CROSS STREET

Periyar Nagar 2nd Cross Street guideline value

The current guideline value of Periyar Nagar 2nd Cross Street is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Thirukkachur - 1 village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Periyar Nagar 2nd Cross Street has changed

The guideline value for Periyar Nagar 2nd Cross Street has undergone several revisions over the years. The earliest recorded revision is from 2012, where the guideline value was Rs 600 per sq.ft. This figure remained unchanged until the next revision in 2017, which saw a decrease to Rs 402 per sq.ft. Following this, the value increased significantly to Rs 600 per sq.ft in 2023, and further rose to Rs 660 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2012 to 2017, there was a decrease of 33%, while from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thirukkachur - 1

In Thirukkachur - 1, there are 86 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 385 to Rs 3,300 per sq.ft. The median value is Rs 660 per sq.ft, which is equal to the current guideline value of Periyar Nagar 2nd Cross Street.

• Periyar Nagar 2nd Cross Street: Rs 660 per sq.ft (2024)
• Periyar Nagar 1st 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 2nd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total fees to Rs 59,400. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Periyar Nagar 2nd Cross Street?

The Sub Registrar Office that covers Periyar Nagar 2nd Cross Street is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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

When buying or selling property in Thirukkachur - 1, the guideline value plays a crucial role in determining the registration fees and stamp duty applicable to the transaction. The guideline value is set by the government and reflects the minimum value at which properties in the area can be registered.

It is important to note that the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate fees based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Periyar Nagar 2nd Cross Street?

The current guideline value of Periyar Nagar 2nd 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 2023 to Rs 660 per sq.ft in 2024, a 10% increase. It was Rs 402 per sq.ft in 2017 and Rs 600 per sq.ft in 2012.

What is the land classification for Periyar Nagar 2nd Cross Street?

The land classification for Periyar Nagar 2nd Cross Street is Residential Class I Type - I.

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 1st Cross Street, Periyar Nagar 3rd Cross Street, Periyar Nagar 3st Cross Street, and Pilliyar Kovil Street.

Where can I find the Sub Registrar Office for Periyar Nagar 2nd Cross Street?

The Sub Registrar Office for Periyar Nagar 2nd Cross Street is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.