Guideline Value for PERIYAR STREET (WARD-20)

Periyar Street (Ward-20) guideline value

The current guideline value of Periyar Street (Ward-20) is Rs 770 per sq.ft, effective from 1 July 2024. This street is located in Potheri village and falls under the Chengleput Joint II SRO, classified as Residential Class I Type - III.

How the guideline value of Periyar Street (Ward-20) has changed

The guideline value for Periyar Street (Ward-20) has undergone several revisions over the years. The earliest available figure is from 2012, where it was set at Rs 700 per sq.ft. This value remained unchanged until the next revision in 2017, which saw a decrease to Rs 469 per sq.ft. The 2023 revision increased the value to Rs 700 per sq.ft, and the most recent revision in 2024 has raised it further to Rs 770 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%. However, there was a significant increase of 49% from 2017 to 2023. The value then increased by 10% from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Potheri

Potheri village has a total of 129 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,970 per sq.ft. The median guideline value for these streets is Rs 770 per sq.ft, which aligns with the current value for Periyar Street (Ward-20).

• Perumal Koil Street (Ward-20): Rs 1,651 per sq.ft (2024)
• Pillaiyar Koil Street Thailavaram (Ward-21): Rs 660 per sq.ft (2024)
• Pillaiyar Koil Street (Ward-20): Rs 1,651 per sq.ft (2024)
• Pilliyar Koil Street (Ward -1): Rs 770 per sq.ft (2024)
• Parasakthi Street (Ward-20): Rs 880 per sq.ft (2024)
• Pandiyan Nagar (Val): Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Periyar Street (Ward-20)

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, making the total charges Rs 69,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Periyar Street (Ward-20)?

The Sub Registrar Office that covers Periyar Street (Ward-20) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Potheri, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees, which are mandatory during the registration process.

When a property is sold, the guideline value serves as a reference point for both buyers and sellers. It ensures that the transaction is documented at a value recognized by the government, which helps in maintaining transparency in property dealings.

Frequently asked questions

What is the current guideline value of Periyar Street (Ward-20)?

The current guideline value of Periyar Street (Ward-20) is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent increase from Rs 700 per sq.ft in 2023 to Rs 770 per sq.ft in 2024. Overall, from 2012 to 2024, the value has increased by 10%.

What is the land classification for Periyar Street (Ward-20)?

Periyar Street (Ward-20) is classified as Residential Class I Type - III.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Potheri?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 770 per sq.ft, the total guideline value is Rs 7,70,000, leading to a stamp duty of Rs 53,900.