Guideline Value for PERIYAR PATHAI

Periyar Pathai guideline value

The current guideline value of Periyar Pathai is Rs 6,300 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village under the Kodambakkam SRO, and it falls under the land classification of Residential Special Type - III.

How the guideline value of Periyar Pathai has changed

The guideline value for Periyar Pathai has seen several revisions over the years. In 2002, the guideline value was Rs 795 per sq.ft. This increased to Rs 873 per sq.ft in 2003, marking a 10% rise. The value continued to rise significantly, reaching Rs 1,650 per sq.ft in 2007, which was an increase of 89%. The value then jumped to Rs 5,800 per sq.ft in 2012, reflecting a substantial 252% increase. However, it decreased to Rs 3,886 per sq.ft in 2017, a decline of 33% from the previous revision. The guideline value then rose again to Rs 5,800 per sq.ft in 2023, showing a 49% increase. The most recent revision in 2024 set the value at Rs 6,300 per sq.ft, which is a 9% increase from 2023.

Overall, from 2002 to 2024, the guideline value has increased by 692%. There are no figures available for the revisions in the years not listed for this street.

Guideline values in Puliyur

In Puliyur village, there are 648 streets under the Kodambakkam SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 14,300 per sq.ft, with a median value of Rs 5,800 per sq.ft. The guideline value for Periyar Pathai is above this median.

• Perumal Koil Street: Rs 5,300 per sq.ft (2024)
• Patel Street: Rs 7,100 per sq.ft (2024)
• Pasumarthi Street: Rs 7,100 per sq.ft (2024)
• Pasumarthi Lane: Rs 5,800 per sq.ft (2024)
• Pillayar Koil Street: Rs 4,400 per sq.ft (2024)
• Park View Road: Rs 8,200 per sq.ft (2024)

Stamp duty and registration fee for property in Periyar Pathai

For a 1,000 sq.ft plot at the current guideline value of Rs 6,300 per sq.ft, the total guideline value amounts to Rs 63,00,000. The stamp duty at 7% would be Rs 4,41,000, and the registration fee at 2% would be Rs 1,26,000, totaling Rs 5,67,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Periyar Pathai?

The Sub Registrar Office that covers Periyar Pathai is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Puliyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transfer of property ownership.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately in the official register. This helps maintain transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value of Periyar Pathai?

The current guideline value of Periyar Pathai is Rs 6,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revision in 2024 showing an increase of 9% from the previous year. The overall increase from 2002 to 2024 is 692%.

What is the land classification for Periyar Pathai?

Periyar Pathai falls under the land classification of Residential Special Type - III.

Where can I find the Sub Registrar Office for Periyar Pathai?

The Kodambakkam Sub Registrar Office covers Periyar Pathai, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is stamp duty calculated for property in Periyar Pathai?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value results in a total of Rs 5,67,000 in stamp duty and registration fees.