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Guideline Value

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Guideline Value for Periapalayathamman Koil 4th Lanes

₹2200/sq.ft.

The guideline value for Periapalayathamman Koil 4th 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 4th Lanes

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Periapalayathamman Koil 4th Lanes guideline value

The current guideline value of Periapalayathamman Koil 4th Lanes is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village under the Royapuram SRO and is classified as Residential Class I Type - I.

How the guideline value of Periapalayathamman Koil 4th Lanes has changed

The guideline value for Periapalayathamman Koil 4th Lanes has undergone significant changes over the years. The earliest recorded revision in the register is from 2007, when the guideline value was Rs 622 per sq.ft. This figure saw a substantial increase to Rs 2,000 per sq.ft in the 2023 revision, marking a 222% rise. The most recent revision in 2024 has set the value at Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

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

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 value for these streets is Rs 1,600 per sq.ft, making the 2024 figure for Periapalayathamman Koil 4th Lanes above the median.

Stamp duty and registration fee for property in Periapalayathamman Koil 4th 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 at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total charges to 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 4th Lanes?

The Sub Registrar Office that covers Periapalayathamman Koil 4th 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 information.

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

The guideline value is a crucial factor when registering a property in Tondaiarpet. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

When buyers and sellers engage in a transaction, the guideline value helps ensure that the property is registered at a fair value, thereby facilitating a transparent process. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value for Periapalayathamman Koil 4th Lanes?

The current guideline value for Periapalayathamman Koil 4th Lanes is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2007?

Since 2007, the guideline value has increased by 254%, rising from Rs 622 per sq.ft to Rs 2,200 per sq.ft in 2024.

What was the guideline value in 2023?

The guideline value for Periapalayathamman Koil 4th Lanes in 2023 was Rs 2,000 per sq.ft.

Which Sub Registrar Office covers this area?

The Royapuram Sub Registrar Office covers Periapalayathamman Koil 4th Lanes, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

How is the stamp duty calculated for properties in this area?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, along with a registration fee of 2% of the guideline value.