Guideline Value

Corporate

Guideline Value for PERIYAR NAGAR MAIN ROAD

₹1980/sq.ft.

The guideline value for Periyar Nagar Main Road 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 ₹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 Main Road

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Periyar Nagar Main Road guideline value

The current guideline value of Periyar Nagar Main Road is Rs 1,980 per sq.ft, effective from 1 July 2024. This road is located in Paleripattu village, under the Avadi SRO, and is classified as Commercial Special Type - I.

How the guideline value of Periyar Nagar Main Road has changed

The guideline value for Periyar Nagar Main Road has seen significant changes over the years. In 2002, the value was Rs 116 per sq.ft, which increased to Rs 131 per sq.ft in 2003. The value then rose to Rs 200 per sq.ft in 2007, followed by a substantial increase to Rs 1,200 per sq.ft in 2012. However, it decreased to Rs 804 per sq.ft in 2017. The value then experienced a sharp rise to Rs 1,800 per sq.ft in 2023, culminating in the current value of Rs 1,980 per sq.ft in 2024.

Overall, from 2002 to 2024, the guideline value has increased by 1,607%. The changes between revisions include a rise of 10% from 2023 to 2024, a 124% increase from 2017 to 2023, a decrease of 33% from 2012 to 2017, a remarkable increase of 500% from 2007 to 2012, a 53% rise from 2003 to 2007, and a 13% increase from 2002 to 2003.

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 for these streets is Rs 990 per sq.ft, and the guideline value for Periyar Nagar Main Road is above this median.

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

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, charged at 7%, would be Rs 1,38,600, while the registration fee at 2% would be Rs 39,600. Together, the total cost for stamp duty and registration fee would be Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Periyar Nagar Main Road?

The Sub Registrar Office that covers Periyar Nagar Main Road is the Avadi Sub Registrar Office. The address is Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Paleripattu

The guideline value is an essential factor when buying or selling property in Paleripattu. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with legal requirements during property transactions.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of Periyar Nagar Main Road 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 116 per sq.ft in 2002 to Rs 1,980 per sq.ft in 2024, showing an overall increase of 1,607% over the years.

What are the other streets in Paleripattu and their guideline values?

Other streets in Paleripattu include Periyar Nagar Kalaignar St, Periyar Nagar Sasthiri St, Periyar Nagar Taqure St, Periyar Nagar Elango St, Periyar Nagar Anna St, and Periyar Nagar 2nd Main Road, all valued at Rs 990 per sq.ft in 2024.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 1,980 per sq.ft, the total guideline value is Rs 19,80,000.

Where is the Sub Registrar Office for Periyar Nagar Main Road located?

The Sub Registrar Office for Periyar Nagar 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.