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Guideline Value

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Guideline Value for PERIYAR NAGAR 2ND MAIN ROAD

₹990/sq.ft.

The guideline value for Periyar Nagar 2nd Main Road in Paleripattu village (Avadi SRO, Chennai zone) is Rs 990 per sq.ft, effective 1 July 2024. It was Rs 900 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Paleripattu

Village

Avadi

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹990 /sq.ft.
From 1-4-2023 ₹900 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹603 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹900 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹131 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹116 /sq.ft.
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 Main Road

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Periyar Nagar 2nd Main Road guideline value

The current guideline value of Periyar Nagar 2nd Main Road is Rs 990 per sq.ft, effective from 1 July 2024. This road is located in Paleripattu village, under the Avadi SRO, and is classified as Residential Class II Type - I.

How the guideline value of Periyar Nagar 2nd Main Road has changed

The guideline value for Periyar Nagar 2nd Main Road has seen several revisions over the years. In 2002, the value was Rs 116 per sq.ft, which increased to Rs 131 per sq.ft in 2003, marking a 13% rise. Following this, the value rose significantly to Rs 200 per sq.ft in 2007, a change of 53%. The next revision in 2012 brought the value back to Rs 900 per sq.ft, a substantial increase of 350% from the previous figure. However, in 2017, the value decreased to Rs 603 per sq.ft, reflecting a decline of 33%.

In 2023, the guideline value was Rs 900 per sq.ft, which then increased to Rs 990 per sq.ft in 2024, a rise of 10%. Overall, from 2002 to 2024, the guideline value has increased by 753%.

Guideline values in Paleripattu

Paleripattu village has 111 streets under the Avadi SRO, with a 2024 guideline value ranging from Rs 801 to Rs 4,200 per sq.ft. The median guideline value for these streets is Rs 990 per sq.ft, which is equal to the current value of Periyar Nagar 2nd Main Road.

Stamp duty and registration fee for property in Periyar Nagar 2nd Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value would be Rs 9,90,000. The stamp duty at 7% would amount to Rs 69,300, while the registration fee at 2% would be Rs 19,800, bringing the total charges to Rs 89,100. 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 Main Road?

The Sub Registrar Office that covers Periyar Nagar 2nd Main Road 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 an important factor when registering property transactions in Paleripattu. It serves as the basis for calculating stamp duty and registration fees, which are mandatory for property transactions.

When a buyer or seller engages in a property transaction, the guideline value helps determine the official value of the property for registration purposes. This ensures that the appropriate taxes and fees are collected based on the established guideline value.

Frequently asked questions

What is the current guideline value of Periyar Nagar 2nd Main Road?

The current guideline value of Periyar Nagar 2nd Main Road is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 116 per sq.ft in 2002 to Rs 990 per sq.ft in 2024, reflecting an overall increase of 753% over the years.

What are the stamp duty and registration fees for property in this area?

For a property with a guideline value of Rs 9,90,000, the stamp duty would be Rs 69,300, and the registration fee would be Rs 19,800, totaling Rs 89,100.

Which office handles property registrations for Periyar Nagar 2nd Main Road?

The Avadi Sub Registrar Office handles property registrations for Periyar Nagar 2nd Main Road, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the official value of a property for registration purposes, which in turn affects the calculation of stamp duty and registration fees during property transactions.