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Guideline Value

Corporate

Guideline Value for Periapalayathamman Koil 3rd Lanes

₹2200/sq.ft.

The guideline value for Periapalayathamman Koil 3rd Lanes 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 N/A
From 1-8-2007 To 31-3-2012 ₹622 /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 Periapalayathamman Koil 3rd Lanes

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Periapalayathamman Koil 3rd Lanes guideline value

The current guideline value of Periapalayathamman Koil 3rd Lanes 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. The land classification for this area is Residential Class I Type - I.

How the guideline value of Periapalayathamman Koil 3rd Lanes has changed

The guideline value for Periapalayathamman Koil 3rd Lanes has seen significant changes over the years. In the 2007 revision, the guideline value was Rs 622 per sq.ft. This figure increased to Rs 2,000 per sq.ft in the 2023 revision, marking a substantial rise of 222%. The most recent revision in 2024 set the guideline value at Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 254%. It is important to note that there are no figures available for the years 2002, 2003, 2007, 2012, and 2017 for this street in the register.

Guideline values in Tondaiarpet

In Tondaiarpet, there are a total of 1384 streets under the Royapuram SRO, with guideline values ranging from Rs 1,100 to Rs 10,100 per sq.ft as of 2024. The median guideline value for the village is Rs 1,600 per sq.ft, placing Periapalayathamman Koil 3rd Lanes above this median.

Stamp duty and registration fee for property in Periapalayathamman Koil 3rd Lanes

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, while the registration fee at 2% would be Rs 44,000, bringing the total fees together to 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.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Periapalayathamman Koil 3rd Lanes?

The Sub Registrar Office that covers Periapalayathamman Koil 3rd Lanes is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Tondaiarpet. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that these charges are calculated fairly based on the property's value.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the stamp duty. This ensures that the fees reflect the true value of the transaction, providing transparency in the property registration process.

Frequently asked questions

What is the current guideline value of Periapalayathamman Koil 3rd Lanes?

The current guideline value of Periapalayathamman Koil 3rd Lanes is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2007 revision, the guideline value has increased by 254%, from Rs 622 per sq.ft to Rs 2,200 per sq.ft in 2024. The most recent increase was a 10% rise from Rs 2,000 per sq.ft in 2023.

What is the land classification for this area?

The land classification for Periapalayathamman Koil 3rd Lanes is Residential Class I Type - I, indicating its designation for residential use.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For example, a property valued at Rs 22,00,000 would incur a total fee of Rs 1,98,000.

Which Sub Registrar Office covers this area?

The Royapuram Sub Registrar Office covers Periapalayathamman Koil 3rd Lanes, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.