Guideline Value for Periapalayathamman Koil 1st Lanes

Periapalayathamman Koil 1st Lanes guideline value

The current guideline value of Periapalayathamman Koil 1st Lanes is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village and falls under the Royapuram SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Periapalayathamman Koil 1st Lanes has changed

The guideline value for Periapalayathamman Koil 1st Lanes has seen several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 622 per sq.ft. This increased significantly to Rs 2,000 per sq.ft in 2012, marking a change of +222%. The value remained at Rs 2,000 per sq.ft until the next revision in 2023, which also recorded no change. In 2024, the value increased to Rs 2,200 per sq.ft, reflecting a +10% rise from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by +254%. It is important to note that the register has no figures for this street for the years 2002, 2003, and 2017.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median guideline value for these streets is Rs 1,600 per sq.ft, placing Periapalayathamman Koil 1st Lanes above this median.

• Periapalaiaththamman Koil Street(Tondiarpettai): Rs 2,200 per sq.ft (2024)
• Periapalayathamman Koil 2nd Lanes: Rs 2,200 per sq.ft (2024)
• Periapalaiaththamman Koil Street( Korukkupettai): Rs 2,200 per sq.ft (2024)
• Periapalayathamman Koil 3rd Lanes: Rs 2,200 per sq.ft (2024)
• Periapalayathamman Koil 4th Lanes: Rs 2,200 per sq.ft (2024)
• Periapalayathamman Koil 5th Lanes: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Periapalayathamman Koil 1st Lanes

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 is charged at 7%, which totals Rs 1,54,000, and the registration fee is charged at 2%, amounting to Rs 44,000. Together, the total cost for stamp duty and registration fee would be Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Periapalayathamman Koil 1st Lanes?

The Sub Registrar Office that covers Periapalayathamman Koil 1st Lanes is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during the registration of property transactions in Tondaiarpet. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duties and registration fees.

When buying or selling property, it is essential to be aware of the guideline value, as it can influence the overall costs associated with the transaction. Buyers should ensure that the sale price is at least equal to the guideline value to avoid complications during registration.

Frequently asked questions

What is the current guideline value for Periapalayathamman Koil 1st Lanes?

The current guideline value for Periapalayathamman Koil 1st Lanes 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 from Rs 622 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, marking an overall increase of +254% over the years.

What are the other streets with the same guideline value in Tondaiarpet?

Other streets in Tondaiarpet with the same guideline value of Rs 2,200 per sq.ft include Periapalaiaththamman Koil Street(Tondiarpettai), Periapalayathamman Koil 2nd Lanes, Periapalaiaththamman Koil Street(Korukkupettai), Periapalayathamman Koil 3rd Lanes, Periapalayathamman Koil 4th Lanes, and Periapalayathamman Koil 5th Lanes.

What is the registration fee for properties in Periapalayathamman Koil 1st Lanes?

The registration fee for properties in Periapalayathamman Koil 1st Lanes is charged at 2% of the guideline value, in addition to the stamp duty of 7%.

Where can I find my Sub Registrar Office?

You can find your Sub Registrar Office by visiting the Royapuram Sub Registrar Office at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021, or by using the online resources available.