Guideline Value for PERIYAR STREET 7TH STREET

Periyar Street 7th Street guideline value

The current guideline value of Periyar Street 7th 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 7th Street has changed

The guideline value for Periyar Street 7th Street has seen several revisions over the years. The 2007 revision set the value at Rs 350 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012, marking a rise of 329%. However, the value then decreased to Rs 1,005 per sq.ft in 2017, a drop of 33%. The subsequent revision in 2023 raised the guideline value to Rs 1,500 per sq.ft, and the latest revision in 2024 has further increased it to Rs 1,625 per sq.ft, an 8% increase from the previous year.

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

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. The median guideline value for these streets is Rs 935 per sq.ft, placing Periyar Street 7th Street above this median.

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

Stamp duty and registration fee for property in Periyar Street 7th Street

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

The Sub Registrar Office covering Periyar Street 7th 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 in property transactions in Vilingiyambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value is used to calculate applicable stamp duty and registration fees. This ensures that the government receives the correct revenue from property transactions, based on the established guideline values.

Frequently asked questions

What is the current guideline value of Periyar Street 7th Street?

The current guideline value of Periyar Street 7th 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 from Rs 350 per sq.ft in 2007 to Rs 1,625 per sq.ft in 2024, reflecting an overall increase of 364% over the years.

What is the land classification of Periyar Street 7th Street?

Periyar Street 7th Street is classified as Residential Special Type - II.

Where can I find the registration office for Periyar Street 7th Street?

The registration office for Periyar Street 7th 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.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 16,25,000, the stamp duty would be Rs 1,13,750 at a rate of 7%.