Guideline Value for PERIYAR SALAI

Periyar Salai guideline value

The current guideline value of Periyar Salai is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Uthandi village, under the Neelankarai SRO, and is classified as Residential Class I Type - II.

How the guideline value of Periyar Salai has changed

The guideline value for Periyar Salai has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 2,500 per sq.ft. This was followed by a decrease to Rs 1,675 per sq.ft in 2017. However, the value saw a significant increase to Rs 2,500 per sq.ft in 2023, and then rose further to the current rate of Rs 2,800 per sq.ft in 2024.

In terms of percentage changes, the guideline value increased by 49% from 2017 to 2023 and by 12% from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has increased by 12%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Uthandi

In Uthandi, there are 197 streets under the Neelankarai SRO, with guideline values in 2024 ranging from Rs 1,100 to Rs 14,700 per sq.ft. The median value is Rs 1,700 per sq.ft, placing Periyar Salai's current value above this median.

• PIDARIAMMAN KOIL 1st STREET: Rs 2,200 per sq.ft (2024)
• PIDARIAMMAN KOIL 2nd STREET: Rs 2,200 per sq.ft (2024)
• Pattabiraman Garden: Rs 1,100 per sq.ft (2024)
• Pathijal Garden: Rs 1,100 per sq.ft (2024)
• Parvathi Garden: Rs 1,100 per sq.ft (2024)
• Parthasarathi Garden: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Periyar Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value would be Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, bringing the total fees to Rs 2,52,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Periyar Salai?

The Sub Registrar Office that covers Periyar Salai is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Uthandi. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

When a property is sold, the guideline value helps determine the minimum value at which the property can be registered. This ensures that the government receives the appropriate taxes based on the property's value, as reflected in the guideline value register.

Frequently asked questions

What is the current guideline value of Periyar Salai?

The current guideline value of Periyar Salai is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,800 per sq.ft in 2024.

What is the land classification for Periyar Salai?

Periyar Salai is classified as Residential Class I Type - II.

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

For a property valued at Rs 28,00,000, the stamp duty would be Rs 1,96,000, and the registration fee would be Rs 56,000, totaling Rs 2,52,000.

Which Sub Registrar Office covers Periyar Salai?

The Neelankarai Sub Registrar Office covers Periyar Salai, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.