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Guideline Value

Corporate

Guideline Value for Periapalaiaththamman Koil Street( Korukkupettai)

₹2200/sq.ft.

The guideline value for Periapalaiaththamman Koil Street( Korukkupettai) in Tondaiarpet village (Royapuram SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Tondaiarpet

Village

Royapuram

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹2000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹600 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.
044-25960108
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Periapalaiaththamman Koil Street( Korukkupettai)

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Periapalaiaththamman Koil Street( Korukkupettai) guideline value

The current guideline value of Periapalaiaththamman Koil Street( Korukkupettai) is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village, under the jurisdiction of the Royapuram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Periapalaiaththamman Koil Street( Korukkupettai) has changed

The guideline value for Periapalaiaththamman Koil Street( Korukkupettai) has seen significant changes over the years. In 2007, the value was Rs 600 per sq.ft, which increased to Rs 2,000 per sq.ft in both 2012 and 2023. The latest revision in 2024 raised the value to Rs 2,200 per sq.ft, marking a 10% increase from the previous year.

Between 2007 and 2012, there was a substantial increase of 233%. From 2012 to 2023, the value remained unchanged. Overall, from 2007 to 2024, the guideline value has increased by 267%. The register has no figures for the years 2002, 2003, and 2017.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO, with guideline values ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median guideline value is Rs 1,600 per sq.ft, making the 2024 figure for Periapalaiaththamman Koil Street( Korukkupettai) above this median.

Stamp duty and registration fee for property in Periapalaiaththamman Koil Street( Korukkupettai)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. 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 further calculations.

Which Sub Registrar Office covers Periapalaiaththamman Koil Street( Korukkupettai)?

The Sub Registrar Office that covers Periapalaiaththamman Koil Street( Korukkupettai) is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Tondaiarpet. It serves as a benchmark for determining the stamp duty and registration fees payable during the sale or purchase of property. Buyers and sellers must take this value into account to ensure compliance with local regulations.

When registering a property, the guideline value is used to calculate the applicable duties and fees, which are essential for the legal transfer of ownership. Understanding the guideline value helps both parties in the transaction to be aware of their financial obligations.

Frequently asked questions

What is the current guideline value for Periapalaiaththamman Koil Street( Korukkupettai)?

The current guideline value for Periapalaiaththamman Koil Street( Korukkupettai) is Rs 2,200 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 600 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 267% over the years.

What is the registration office for this street?

The registration office covering Periapalaiaththamman Koil Street( Korukkupettai) is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

What are the stamp duty and registration fees for a property here?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000, and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Where can I find more information about the guideline values in Tondaiarpet?

More information about guideline values in Tondaiarpet can be found in the registration department's guideline value register (TNReginet) or by visiting the Royapuram Sub Registrar Office.