Guideline Value for PERIYAR NAGAR 2ST CROSS STREET

Periyar Nagar 2st Cross Street guideline value

The current guideline value of Periyar Nagar 2st 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 is classified as Residential Class I Type - I.

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

The guideline value for Periyar Nagar 2st Cross Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 660 per sq.ft, an increase from Rs 600 per sq.ft in the 2023 revision, which reflects a 10% rise. Prior to that, the 2017 revision listed the value at Rs 402 per sq.ft, marking a significant increase of 49% when compared to the 2023 figure. The 2012 revision also had a value of Rs 600 per sq.ft, showing a decrease of 33% from the 2017 value.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%, highlighting the fluctuations in property valuation over the years.

Guideline values in Thirukkachur - 1

In Thirukkachur - 1, there are 86 streets under the Chengleput Joint II SRO carrying 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 2st Cross Street.

• Periyar Nagar 3rd Cross Street: Rs 660 per sq.ft (2024)
• Periyar Nagar 2nd Cross Street: Rs 660 per sq.ft (2024)
• Periyar Nagar 3st Cross Street: Rs 660 per sq.ft (2024)
• Periyar Nagar 1st 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 2st 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. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

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

The Sub Registrar Office covering Periyar Nagar 2st Cross Street is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

To locate your specific SRO, you can find your SRO here.

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

The guideline value is a critical factor when registering property transactions in Thirukkachur - 1. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

Frequently asked questions

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

The current guideline value of Periyar Nagar 2st 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 2st Cross Street?

Periyar Nagar 2st Cross Street is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the registration office for this area?

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

How is the stamp duty calculated for properties in Thirukkachur - 1?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 6,60,000 would incur a stamp duty of Rs 46,200 at 7%.