Guideline Value for PERIYAR ST, KANNIGAPURAM

Periyar St, Kannigapuram guideline value

The current guideline value of Periyar St, Kannigapuram is Rs 950 per sq.ft, effective from 1 July 2024. This street is located in Paruthipattu village and falls under the Avadi SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Periyar St, Kannigapuram has changed

The guideline value for Periyar St, Kannigapuram has seen several revisions over the years. The 2012 revision set the value at Rs 900 per sq.ft, which then decreased to Rs 603 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 900 per sq.ft in the 2023 revision, and currently stands at Rs 950 per sq.ft from the 2024 revision. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, while the increase from 2017 to 2023 was 49%. Overall, from 2012 to 2024, the guideline value has increased by 6%.

Guideline values in Paruthipattu

In Paruthipattu village, there are 486 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 801 to Rs 4,730 per sq.ft. The median value for these streets is Rs 1,625 per sq.ft, making the 2024 value of Periyar St, Kannigapuram below that median.

• Periyar St, Kamaraj Nagar: Rs 950 per sq.ft (2024)
• Perumal Koil St, Govarthanagiri: Rs 1,625 per sq.ft (2024)
• Perumal Koil St, Konambedu: Rs 950 per sq.ft (2024)
• Perumal Koil St, Reddypalayam: Rs 950 per sq.ft (2024)
• Pattel St Kamaraj Nagar: Rs 950 per sq.ft (2024)
• Pillayar Koil 1st Cross St: Rs 950 per sq.ft (2024)

Stamp duty and registration fee for property in Periyar St, Kannigapuram

For a 1,000 sq.ft plot at the current guideline value of Rs 950 per sq.ft, the total guideline value amounts to Rs 9,50,000. The stamp duty at 7% would be Rs 66,500, and the registration fee at 2% would be Rs 19,000, making the total cost for these fees Rs 85,500. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Periyar St, Kannigapuram?

The Sub Registrar Office that covers Periyar St, Kannigapuram is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. To find more information, you can find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Paruthipattu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state collects appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. It is essential for buyers to be aware of this value to avoid overpaying and for sellers to set realistic expectations for their property's worth during negotiations.

Frequently asked questions

What is the current guideline value of Periyar St, Kannigapuram?

The current guideline value of Periyar St, Kannigapuram is Rs 950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 in 2012 to Rs 603 in 2017, then increased to Rs 900 in 2023 and currently stands at Rs 950 in 2024. There were no figures available for the years 2002, 2003, and 2007.

What is the land classification for Periyar St, Kannigapuram?

The land classification for Periyar St, Kannigapuram is Residential Class II Type - I.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 9,50,000, the stamp duty would be Rs 66,500 and the registration fee would be Rs 19,000, totaling Rs 85,500. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for Periyar St, Kannigapuram?

The Avadi Sub Registrar Office handles registrations for Periyar St, Kannigapuram. It is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.