Guideline Value for PERIYAR STREET

Periyar Street guideline value

The current guideline value of Periyar Street, located in Thiruninravur-A village under the Avadi SRO, is Rs 440 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class III Type - III land classification.

How the guideline value of Periyar Street has changed

The guideline value for Periyar Street has seen several revisions over the years. The earliest recorded revision is from 2017, where the value was Rs 268 per sq.ft. This increased to Rs 400 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 set the value at Rs 440 per sq.ft, which is a 10% increase from the previous year.

It is important to note that the register has no figures for Periyar Street for the years 2002, 2003, 2007, and 2012. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,750 per sq.ft, with a median value of Rs 750 per sq.ft. Periyar Street's 2024 guideline value is below this median.

• Perumal Koil St, North-South,East-West Madaveethi: Rs 840 per sq.ft (2024)
• Periyapalayam Road: Rs 840 per sq.ft (2024)
• Pearl County By Urban Tree: Rs 750 per sq.ft (2024)
• Pillayar Koil St: Rs 440 per sq.ft (2024)
• Parvathy Nagar: Rs 750 per sq.ft (2024)
• Police Quarters St: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Periyar Street

For a 1,000 sq.ft plot at the current rate of Rs 440 per sq.ft, the guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, totaling Rs 39,600. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Periyar Street?

The Sub Registrar Office that covers Periyar 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 Thiruninravur-A

The guideline value is a crucial factor in the registration process when buying or selling property in Thiruninravur-A. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is documented accurately in accordance with government regulations.

When a property is sold, the guideline value helps determine the official value of the property for taxation purposes. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Periyar Street?

The current guideline value of Periyar Street is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 268 per sq.ft in 2017 to Rs 440 per sq.ft in 2024, marking an overall increase of 64% over this period.

What is the land classification of Periyar Street?

Periyar Street is classified as Residential Class III Type - III, which reflects its intended use for residential purposes.

Where can I find the Sub Registrar Office for Periyar Street?

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

How is the stamp duty calculated for properties on Periyar Street?

The stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a total stamp duty and registration fee of Rs 39,600.