Guideline Value for PERIYAR NAGAR

Periyar Nagar guideline value

The current guideline value of Periyar Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Puliyampakkam village under the Walajabad SRO, and the land classification is Residential Special Type - III.

How the guideline value of Periyar Nagar has changed

The guideline value for Periyar Nagar has remained constant at Rs 300 per sq.ft from the 2023 revision to the 2024 revision, showing no percentage change. Prior to this, the register has no figure for the years 2017, 2012, 2007, 2003, and 2002, indicating that there were no recorded values for this street in those years.

The 2024 revision reflects a continuation of the Rs 300 per sq.ft figure established in the 2023 revision. This consistency suggests stability in the guideline value for this area over the past two years.

Guideline values in Puliyampakkam

In Puliyampakkam, there are 26 streets under the Walajabad SRO that have a 2024 guideline value ranging from Rs 150 to Rs 550 per sq.ft. The median guideline value for the village is Rs 250 per sq.ft, placing Periyar Nagar's 2024 figure above this median.

• Nanbarkal Nagar: Rs 250 per sq.ft (2024)
• Mahalakshmi Nagar: Rs 300 per sq.ft (2024)
• Sri Ganapathy Nagar: Rs 150 per sq.ft (2024)
• Sri Gangai Amman Nagar: Rs 200 per sq.ft (2024)
• Sri Lakshmi Narasimman Garden: Rs 250 per sq.ft (2024)
• Sri Rangan Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Periyar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, while the registration fee at 2% would be Rs 6,000, bringing the total to Rs 27,000. It is important to note that the 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 on calculating these fees.

Which Sub Registrar Office covers Periyar Nagar?

The Sub Registrar Office that covers Periyar Nagar is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

To find your SRO, you can visit this link: find your SRO.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Puliyampakkam, the guideline value helps in calculating the stamp duty and registration fees that are applicable.

It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with local regulations and to avoid any potential legal issues during the registration process.

Frequently asked questions

What is the current guideline value of Periyar Nagar?

The current guideline value of Periyar Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft for both the 2023 and 2024 revisions. There are no recorded figures for the years 2017, 2012, 2007, 2003, and 2002.

What is the median guideline value in Puliyampakkam?

The median guideline value in Puliyampakkam is Rs 250 per sq.ft, with Periyar Nagar's 2024 figure being above this median.

What are the stamp duty and registration fees for a property in Periyar Nagar?

For a 1,000 sq.ft plot at the guideline value of Rs 300 per sq.ft, the total stamp duty and registration fees would amount to Rs 27,000, based on the current rates.

Which office should I contact for property registration in Periyar Nagar?

The Walajabad Sub Registrar Office is responsible for property registration in Periyar Nagar. The office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.