Guideline Value for PERIYAR STREET 4TH STREET

Periyar Street 4th Street guideline value

The current guideline value of Periyar Street 4th Street is Rs 1,625 per sq.ft, effective from 1 July 2024. This street is located in Vilingiyambakkam village, under the Avadi SRO, and is classified as Residential Special Type - II.

How the guideline value of Periyar Street 4th Street has changed

Over the years, the guideline value of Periyar Street 4th Street has seen significant changes. In the 2007 revision, the value was Rs 350 per sq.ft. This increased to Rs 1,500 per sq.ft in the 2012 revision, marking a substantial rise of 329%. However, the value dropped to Rs 1,005 per sq.ft in the 2017 revision, a decrease of 33%. The 2023 revision set the value at Rs 1,500 per sq.ft, followed by the latest 2024 revision which increased it to Rs 1,625 per sq.ft, reflecting an 8% increase.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 364%.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 4,400 per sq.ft, with a median of Rs 935 per sq.ft. Periyar Street 4th Street's 2024 figure is above this median.

• Periyar Street 1st Street: Rs 1,625 per sq.ft (2024)
• Periyar Street 2nd Street: Rs 1,625 per sq.ft (2024)
• Periyar Street 3rd Street: Rs 1,625 per sq.ft (2024)
• Periyar Street 4th Street: Rs 1,625 per sq.ft (2024)
• Periyar Street 5th Street: Rs 1,625 per sq.ft (2024)
• Periyar Street 6th Street: Rs 1,625 per sq.ft (2024)
• Periyar Street 7th Street: Rs 1,625 per sq.ft (2024)

Stamp duty and registration fee for property in Periyar Street 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,625 per sq.ft, the total guideline value amounts to Rs 16,25,000. The stamp duty at 7% would be Rs 1,13,750, and the registration fee at 2% would be Rs 32,500. Together, these fees would total Rs 1,46,250. 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 4th Street?

The Sub Registrar Office that covers Periyar Street 4th Street is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Vilingiyambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is transparent and fair. Buyers and sellers must consider this value to avoid discrepancies during the registration process.

When purchasing or selling property, the guideline value influences the stamp duty and registration fees applicable. It is essential to be aware of the current guideline value to accurately calculate these costs and ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Periyar Street 4th Street?

The current guideline value of Periyar Street 4th Street is Rs 1,625 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 350 per sq.ft in 2007 to Rs 1,625 per sq.ft in 2024, reflecting an overall increase of 364% from 2007 to 2024.

What are the stamp duty and registration fees for property in Periyar Street 4th Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 16,25,000. The stamp duty at 7% would be Rs 1,13,750, and the registration fee at 2% would be Rs 32,500, totaling Rs 1,46,250.

Which Sub Registrar Office covers Periyar Street 4th Street?

The Avadi Sub Registrar Office covers Periyar Street 4th Street, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What is the land classification for Periyar Street 4th Street?

Periyar Street 4th Street is classified as Residential Special Type - II, indicating its designation for residential purposes within the area.