Guideline Value for PERIYAR STREET

Periyar Street guideline value

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

How the guideline value of Periyar Street has changed

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

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

Guideline values in Thiruninravur-B

In Thiruninravur-B, there are 374 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 1,760 per sq.ft. The median guideline value for these streets is Rs 770 per sq.ft, placing Periyar Street's 2024 figure below this median.

• Perumal Koil St, North-South, East-West Madaveethi: Rs 870 per sq.ft (2024)
• Periyapalayam Road: Rs 870 per sq.ft (2024)
• Pearl County By Urban Tree: Rs 825 per sq.ft (2024)
• Pillayar Koil St: Rs 440 per sq.ft (2024)
• Parvathy Nagar: Rs 770 per sq.ft (2024)
• Police Quarters St: Rs 770 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 higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

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 additional information.

How the guideline value is used when you buy or sell in Thiruninravur-B

The guideline value plays a crucial role in the registration process when buying or selling property in Thiruninravur-B. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the authorities.

When a property is sold, the guideline value is used to determine the applicable taxes, which helps in maintaining transparency and fairness in property transactions. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during registration.

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 much has the guideline value changed recently?

From the 2017 revision to the 2024 revision, the guideline value has increased by 64%. The most recent change from 2023 to 2024 was a 10% increase.

What is the median guideline value in Thiruninravur-B?

The median guideline value for streets in Thiruninravur-B is Rs 770 per sq.ft, which is above the current value of Periyar Street.

What are the registration fees for property in Periyar Street?

The registration fees for a property in Periyar Street include a stamp duty of 7% and a registration fee of 2% based on the guideline value, which totals Rs 39,600 for a 1,000 sq.ft plot at the current rate.

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

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