Guideline Value for Peria Muthu Nagar

Peria Muthu Nagar guideline value

The current guideline value of Peria Muthu Nagar is Rs 1,004 per sq.ft, effective from 1 July 2024. This area is located in Ariyalur village under the Redhills SRO, classified as Residential Class II Type - I.

How the guideline value of Peria Muthu Nagar has changed

The guideline value for Peria Muthu Nagar has undergone significant changes over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 250 per sq.ft, which saw a substantial increase to Rs 1,004 per sq.ft in the 2024 revision, marking a change of +302%.

This sharp rise in the guideline value reflects the latest adjustments made by the Registration Department. The 2024 figure is notably higher compared to the previous years, indicating a substantial shift in the valuation of properties in this area.

Guideline values in Ariyalur

Ariyalur village has 24 streets under the Redhills SRO with a 2024 guideline value ranging from Rs 1,002 to Rs 1,008 per sq.ft. The median guideline value for these streets is Rs 1,002 per sq.ft, placing Peria Muthu Nagar's 2024 figure above this median.

• Periyar Nagar Colony Main Street: Rs 1,002 per sq.ft (2024)
• Perumal Koil Street: Rs 1,002 per sq.ft (2024)
• Perumal Koil Street 1st Cross Street: Rs 1,002 per sq.ft (2024)
• Perumal Koil Street 2nd Cross Street: Rs 1,002 per sq.ft (2024)
• Perumal Koil Street 3rd Cross Street: Rs 1,002 per sq.ft (2024)
• Perumal Koil Street 4th Cross Street: Rs 1,002 per sq.ft (2024)

Stamp duty and registration fee for property in Peria Muthu Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,004 per sq.ft, the total guideline value would be Rs 10,04,000. The stamp duty at 7% would be Rs 70,280, and the registration fee at 2% would amount to Rs 20,080, bringing the total cost for these fees to Rs 90,360. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Peria Muthu Nagar?

The Sub Registrar Office that covers Peria Muthu Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Ariyalur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is registered, the guideline value is assessed, and the applicable duties are calculated based on this value or the sale price, whichever is higher. This ensures that all property transactions are conducted fairly and transparently.

Frequently asked questions

What is the current guideline value of Peria Muthu Nagar?

The current guideline value of Peria Muthu Nagar is Rs 1,004 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

From the 2023 revision of Rs 250 per sq.ft, the guideline value increased to Rs 1,004 per sq.ft in the 2024 revision, reflecting a rise of +302%.

Where can I find the registration office for Peria Muthu Nagar?

The registration office for Peria Muthu Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What is the stamp duty rate for properties in Peria Muthu Nagar?

The stamp duty rate for properties in Peria Muthu Nagar is 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher.

How is the guideline value determined?

The guideline value is determined by the Registration Department and is subject to revisions based on various factors. The latest figures are recorded in the guideline value register.