Guideline Value for PERIYAR STREET EXTN

Periyar Street Extn guideline value

The current guideline value of Periyar Street Extn is Rs 1,625 per sq.ft, effective from 1 July 2024. This street is located in Vilingiyambakkam village, under the Avadi Sub Registrar Office (SRO). The land classification for this area is Residential Special Type - II.

How the guideline value of Periyar Street Extn has changed

The guideline value for Periyar Street Extn has undergone several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which then decreased to Rs 1,005 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,500 per sq.ft in the 2023 revision. The latest revision in 2024 has increased the value to Rs 1,625 per sq.ft, marking an 8% rise from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2012 revision to the current 2024 revision, there has been an increase of 8%. The register has no figures for the years 2002, 2003, and 2007 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 value for these streets is Rs 935 per sq.ft, placing Periyar Street Extn above this median.

• Periyar Street 7th Street: Rs 1,625 per sq.ft (2024)
• 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 2nd Street: Rs 1,625 per sq.ft (2024)

Stamp duty and registration fee for property in Periyar Street Extn

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. 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 information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Periyar Street Extn?

The Sub Registrar Office that covers Periyar Street Extn 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 details.

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

The guideline value plays a crucial role in property transactions in Vilingiyambakkam. It is used to determine the stamp duty and registration fees payable when a property is bought or sold. Buyers and sellers must consider this value as it directly influences the overall cost of the transaction.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in the real estate market. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Periyar Street Extn?

The current guideline value of Periyar Street Extn 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 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,625 per sq.ft in 2024.

What is the land classification for Periyar Street Extn?

The land classification for Periyar Street Extn is Residential Special Type - II, indicating its suitability for residential development.

What are the stamp duty and registration fees for a property in Periyar Street Extn?

For a property valued at Rs 16,25,000, the stamp duty would be Rs 1,13,750 and the registration fee would be Rs 32,500, totaling Rs 1,46,250.

Which office handles property registrations for Periyar Street Extn?

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