Guideline Value for Periandavar Street

Periandavar Street guideline value

The current guideline value of Periandavar Street in Oragadam village, under the Ambattur SRO, is Rs 1,800 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - II land classification.

How the guideline value of Periandavar Street has changed

Since the 2002 revision, the guideline value for Periandavar Street has seen significant changes. In 2002, the guideline value was Rs 135 per sq.ft, which rose to Rs 146 per sq.ft in 2003, marking an increase of 8%. The value then increased substantially to Rs 400 per sq.ft in 2007, reflecting a 174% rise. In 2012, the value was recorded at Rs 1,700 per sq.ft, indicating a 325% increase from the previous revision. However, this figure dropped to Rs 1,139 per sq.ft in 2017, a decrease of 33%. The guideline value then increased to Rs 1,700 per sq.ft in 2023, followed by a rise to Rs 1,800 per sq.ft in the 2024 revision, representing a 6% increase.

Overall, from 2002 to 2024, the guideline value has increased by 1233%. There are no revisions with figures missing for this street in the register.

Guideline values in Oragadam

In Oragadam village, there are 596 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Periandavar Street's 2024 figure below that median.

• Peria kulam Street: Rs 1,800 per sq.ft (2024)
• Periakannaiah Street: Rs 1,800 per sq.ft (2024)
• Periyar Avenue(A.K.A.Nagar): Rs 1,400 per sq.ft (2024)
• Pattinathar Street: Rs 1,600 per sq.ft (2024)
• Patel Street (V.L.Puram): Rs 2,400 per sq.ft (2024)
• Patel Street (Venkateswara Nagar): Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Periandavar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,800 per sq.ft, the total guideline value would be Rs 18,00,000. The stamp duty at 7% would amount to Rs 1,26,000, while the registration fee at 2% would be Rs 36,000. Together, the total fees would be Rs 1,62,000. It is important to note that the 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 Periandavar Street?

The Sub Registrar Office that covers Periandavar Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during the registration of property transactions in Oragadam. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is considered to ensure that the transaction is documented at a fair value. This helps maintain transparency and compliance with local regulations regarding property transactions.

Frequently asked questions

What is the current guideline value of Periandavar Street?

The current guideline value of Periandavar Street is Rs 1,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 135 per sq.ft in 2002 to Rs 1,800 per sq.ft in 2024, marking an overall increase of 1233% over the years.

What is the land classification for Periandavar Street?

Periandavar Street is classified under Residential Class I Type - II land classification.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,62,000 based on the current guideline value.

Which office handles registrations for Periandavar Street?

The Ambattur Sub Registrar Office handles registrations for Periandavar Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.