Guideline Value for PERIYAR NAGAR 3RD CROSS STREET

Periyar Nagar 3rd Cross Street guideline value

The current guideline value of Periyar Nagar 3rd 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. The land classification for this area is Residential Class I Type - I.

How the guideline value of Periyar Nagar 3rd Cross Street has changed

Over the years, the guideline value for Periyar Nagar 3rd Cross Street has seen several revisions. The oldest available revision is from 2012, where the guideline value was Rs 600 per sq.ft. This figure remained the same in the subsequent revision in 2017, but it then decreased by 33% to Rs 402 per sq.ft in the 2017 revision. From 2017 to 2023, the value increased significantly by 49% to Rs 600 per sq.ft. The most recent revision in 2024 raised the value by 10% to Rs 660 per sq.ft.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, 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 that carry a 2024 guideline value, ranging from Rs 385 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 660 per sq.ft, which is equal to the current value of Periyar Nagar 3rd Cross Street.

• Periyar Nagar 2st Cross Street: Rs 660 per sq.ft (2024)
• Periyar Nagar 3st Cross Street: Rs 660 per sq.ft (2024)
• Periyar Nagar 2nd 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 3rd 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, while the registration fee at 2% would be Rs 13,200, bringing the total fees together to Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Periyar Nagar 3rd Cross Street?

The Sub Registrar Office that covers Periyar Nagar 3rd 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 further information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thirukkachur - 1. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees, which are necessary for the legal transfer of ownership. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Periyar Nagar 3rd Cross Street?

The current guideline value of Periyar Nagar 3rd 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 for Periyar Nagar 3rd Cross Street has changed from Rs 600 per sq.ft in 2012 to Rs 660 per sq.ft in 2024, with various increases and decreases in between.

What is the land classification for Periyar Nagar 3rd Cross Street?

The land classification for Periyar Nagar 3rd Cross Street is Residential Class I Type - I, indicating its suitability for residential purposes.

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

The Sub Registrar Office for Periyar Nagar 3rd 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 this area?

Stamp duty for properties in Periyar Nagar 3rd Cross Street is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.