Guideline Value for PERIYAR NAGAR 3ST CROSS STREET

Periyar Nagar 3st Cross Street guideline value

The current guideline value of Periyar Nagar 3st Cross Street is Rs 660 per sq.ft. 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 3st Cross Street has changed

The guideline value for Periyar Nagar 3st Cross Street has undergone several revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 600 per sq.ft. In 2017, it decreased to Rs 402 per sq.ft, marking a decline of 33%. However, by 2023, the value increased significantly to Rs 600 per sq.ft, and in the latest 2024 revision, it rose to Rs 660 per sq.ft, reflecting a 10% increase from the previous year.

Between the 2017 and 2023 revisions, there was a substantial increase of 49%. Overall, from 2012 to 2024, the guideline value 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 3st Cross Street.

• Periyar Nagar 3rd Cross Street: Rs 660 per sq.ft (2024)
• Periyar Nagar 2st 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 3st 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, leading to a total of 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 3st Cross Street?

The Sub Registrar Office that covers Periyar Nagar 3st 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 additional information.

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

The guideline value is a crucial factor when buying or selling property in Thirukkachur - 1. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction process.

When registering a property, the guideline value helps ensure that the transaction is recorded at a fair value, which is essential for both parties involved in the sale. It is important to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

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

The current guideline value of Periyar Nagar 3st 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 2012 to Rs 660 per sq.ft in 2024, with notable fluctuations in between, including a decrease to Rs 402 per sq.ft in 2017 and an increase to Rs 600 per sq.ft in 2023.

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

Periyar Nagar 3st 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 3st 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 property transactions?

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