Guideline Value for Peria Pattu Street

Peria Pattu Street guideline value

The current guideline value of Peria Pattu Street is Rs 3,520 per sq.ft, effective from 1 July 2024. This street is located in Kattupakkam village, under the Kunrathur SRO, and is classified as Residential Special Type - I.

How the guideline value of Peria Pattu Street has changed

The guideline value for Peria Pattu Street has undergone several revisions over the years. The 2012 revision set the value at Rs 3,200 per sq.ft, which was then reduced to Rs 2,144 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 3,200 per sq.ft in 2023, and further rose to Rs 3,520 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, the value has seen a net increase of 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kattupakkam

In Kattupakkam, there are 75 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,980 to Rs 4,290 per sq.ft. The median value among these streets is Rs 2,090 per sq.ft, placing Peria Pattu Street's 2024 figure above that median.

• Paventher Nagar: Rs 3,520 per sq.ft (2024)
• Paventhar Nagar Extension: Rs 2,090 per sq.ft (2024)
• Pillaiyar koil Street: Rs 2,090 per sq.ft (2024)
• Palla Street: Rs 2,090 per sq.ft (2024)
• Pada Salai Street: Rs 2,090 per sq.ft (2024)
• Poonamallee - Amainthakari Road: Rs 4,290 per sq.ft (2024)

Stamp duty and registration fee for property in Peria Pattu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value amounts to Rs 35,20,000. The stamp duty at 7% would be Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, bringing the total cost together to Rs 3,16,800. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Peria Pattu Street?

The Sub Registrar Office that covers Peria Pattu Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kattupakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that all transactions are in line with government regulations.

When a property is sold, the guideline value helps in assessing the minimum value at which the property can be registered. This is important for both buyers and sellers to understand their financial obligations during the transaction process.

Frequently asked questions

What is the current guideline value of Peria Pattu Street?

The current guideline value of Peria Pattu Street is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,200 per sq.ft in 2012 to Rs 2,144 per sq.ft in 2017, then back to Rs 3,200 per sq.ft in 2023, and finally to Rs 3,520 per sq.ft in 2024.

What is the median guideline value in Kattupakkam?

The median guideline value for the 75 streets in Kattupakkam is Rs 2,090 per sq.ft, which is below the current value of Peria Pattu Street.

What are the stamp duty and registration fees for property in Peria Pattu Street?

For a property valued at Rs 35,20,000, the stamp duty would be Rs 2,46,400 and the registration fee would be Rs 70,400, totaling Rs 3,16,800.

Which office handles property registration for Peria Pattu Street?

The Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069, handles property registration for Peria Pattu Street.