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Guideline Value

Corporate

Guideline Value for PERIYAR NAGAR 2ND CROSS ST

₹1980/sq.ft.

The guideline value for Periyar Nagar 2nd Cross St in Paleripattu village (Avadi SRO, Chennai zone) is Rs 1980 per sq.ft, effective 1 July 2024. It was Rs 1800 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Paleripattu

Village

Avadi

SRO

Commercial Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹1980 /sq.ft.
From 1-4-2023 ₹1800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹804 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1200 /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 2nd Cross St

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Periyar Nagar 2nd Cross St guideline value

The current guideline value of Periyar Nagar 2nd Cross St is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Paleripattu village under the Avadi SRO, and it falls under the land classification of Commercial Special Type - I.

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

The guideline value for Periyar Nagar 2nd Cross St has experienced several revisions over the years. In 2012, the guideline value was Rs 1,200 per sq.ft, which decreased to Rs 804 per sq.ft in 2017. This change represents a decline of 33%. However, from 2017 to 2023, there was a significant increase, with the value rising to Rs 1,800 per sq.ft, marking a 124% increase. The latest revision in 2024 has set the guideline value at Rs 1,980 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 65%.

Guideline values in Paleripattu

Paleripattu village has a total of 111 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 801 to Rs 4,200 per sq.ft. The median value among these streets is Rs 990 per sq.ft, placing the guideline value of Periyar Nagar 2nd Cross St above this median.

Stamp duty and registration fee for property in Periyar Nagar 2nd Cross St

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, resulting in a total of Rs 1,78,200. It is important to note that the 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 details.

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

The Sub Registrar Office that covers Periyar Nagar 2nd Cross St 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 Paleripattu

The guideline value is a crucial factor in the registration process when buying or selling property in Paleripattu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions are conducted fairly and transparently.

When you register a property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial implications of the transaction based on the established guideline value.

Frequently asked questions

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

The current guideline value of Periyar Nagar 2nd Cross St is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 1,200 per sq.ft in 2012, decreasing to Rs 804 per sq.ft in 2017, and then increasing to Rs 1,800 per sq.ft in 2023. The latest revision in 2024 has set the value at Rs 1,980 per sq.ft.

What are the stamp duty rates for properties in this area?

The stamp duty for properties in Periyar Nagar 2nd Cross St is charged at 7% of the guideline value or the sale price, whichever is higher. This is part of the overall registration costs when buying or selling property.

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

The Sub Registrar Office covering Periyar Nagar 2nd Cross St is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

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

The land classification for Periyar Nagar 2nd Cross St is Commercial Special Type - I, which indicates the nature of land use permitted in this area.