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 Vallancheri village under the Chengleput Joint II SRO and is classified as Residential Class I Type - III.

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

The guideline value for Periyar Street has undergone several revisions over the years. The 2012 revision set the value at Rs 700 per sq.ft, which was then reduced to Rs 469 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 700 per sq.ft, and the most recent 2024 revision raised it further to Rs 770 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%, while the change from 2012 to 2017 saw a decrease of 33%. Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Vallancheri

In Vallancheri, there are 134 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft, with a median value of Rs 825 per sq.ft. The guideline value of Periyar Street (Ward-20) is below this median.

• Perumal Koil Street (Ward-20): Rs 1,650 per sq.ft (2024)
• Pillaiyar Koil Street Thailavaram (Ward-21): Rs 660 per sq.ft (2024)
• Pillaiyar Koil Street (Ward-20): Rs 1,650 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 would be Rs 7,70,000. The stamp duty at 7% would amount to Rs 53,900, while the registration fee at 2% would be Rs 15,400, bringing the total charges to Rs 69,300. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

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 Vallancheri

The guideline value is crucial during the registration of property transactions in Vallancheri. It serves as the basis for calculating stamp duty and registration fees, ensuring that both the buyer and seller comply with the legal requirements set by the Registration Department.

When buying or selling property, the guideline value helps determine the official value of the property for registration purposes. This ensures transparency and fairness in property transactions, as it reflects the government’s assessment of property values in the area.

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 changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then back to Rs 700 per sq.ft in 2023, and finally to Rs 770 per sq.ft in 2024.

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 stamp duty calculated for property in Periyar Street (Ward-20)?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For a property valued at Rs 7,70,000, the stamp duty at 7% would be Rs 53,900.