Guideline Value for PERIYAR ST

Periyar St guideline value

The current guideline value of Periyar St in Paleripattu village, under the Avadi SRO, is Rs 990 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - I land classification.

How the guideline value of Periyar St has changed

In the 2012 revision, the guideline value was set at Rs 900 per sq.ft. This figure remained unchanged in the 2017 revision, where it was Rs 603 per sq.ft. However, in the 2023 revision, the value increased to Rs 900 per sq.ft, marking a significant rise of 49% from the 2017 figure. The most recent 2024 revision has further increased the value to Rs 990 per sq.ft, reflecting a 10% increase from 2023.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Paleripattu

Paleripattu village has a total of 111 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 801 to Rs 4,200 per sq.ft. The median value for these streets is Rs 990 per sq.ft, which is equal to the current guideline value of Periyar St.

• Periyar Nagar Taqure St: Rs 990 per sq.ft (2024)
• Periyar Nagar Sasthiri St: Rs 990 per sq.ft (2024)
• Periyar Nagar Main Road: Rs 1,980 per sq.ft (2024)
• Periyar Nagar Kalaignar St: Rs 990 per sq.ft (2024)
• Periyar Nagar Elango St: Rs 990 per sq.ft (2024)
• Periyar Nagar Anna St: Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Periyar St

For a 1,000 sq.ft plot at the current rate of Rs 990 per sq.ft, the guideline value amounts to Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, totaling Rs 89,100. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Periyar St?

The Sub Registrar Office that covers Periyar St 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 Paleripattu

The guideline value is a crucial factor when registering property transactions in Paleripattu. It serves as the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value helps in determining the fair value of the property for both the buyer and seller. It is essential 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 St?

The current guideline value of Periyar St is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then to Rs 900 per sq.ft in 2023, and finally to Rs 990 per sq.ft in 2024.

What is the land classification of Periyar St?

Periyar St is classified under Residential Class II Type - I land classification.

Where can I find the registration office for Periyar St?

The registration office for Periyar St 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 the stamp duty calculated for properties in Periyar St?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 990 per sq.ft, the total guideline value would be Rs 9,90,000, leading to a stamp duty of Rs 69,300.