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Guideline Value

Corporate

Guideline Value for Periapalayathamman Koil 5th Lanes

₹2200/sq.ft.

The guideline value for Periapalayathamman Koil 5th 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 5th Lanes

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Periapalayathamman Koil 5th Lanes guideline value

The current guideline value of Periapalayathamman Koil 5th 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 falls under the Residential Class I Type - I land classification.

How the guideline value of Periapalayathamman Koil 5th Lanes has changed

The guideline value for Periapalayathamman Koil 5th Lanes has experienced significant changes over the years. In the 2007 revision, the guideline value was Rs 622 per sq.ft. This increased to Rs 2,000 per sq.ft in 2023, marking a 222% rise over the 16 years. The most recent revision in 2024 saw the value increase further to Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the years 2002, 2003, 2007, 2012, and 2017 in the register for this street. Overall, from 2007 to 2024, 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 guideline value for 2024, ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median guideline value in this area is Rs 1,600 per sq.ft, placing Periapalayathamman Koil 5th Lanes above this median.

Stamp duty and registration fee for property in Periapalayathamman Koil 5th 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 cost for registration to Rs 1,98,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Periapalayathamman Koil 5th Lanes?

The Sub Registrar Office that covers Periapalayathamman Koil 5th 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 critical factor in the registration process when buying or selling property in Tondaiarpet. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the transaction.

When a property is registered, the authorities will assess the guideline value to calculate the necessary fees. Buyers should ensure they are aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Periapalayathamman Koil 5th Lanes?

The current guideline value of Periapalayathamman Koil 5th 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 significantly from Rs 622 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 254% over the period.

What are the stamp duty and registration fees for property in this area?

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.

Which Sub Registrar Office covers this street?

The Royapuram Sub Registrar Office covers Periapalayathamman Koil 5th Lanes, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

What is the median guideline value in Tondaiarpet?

The median guideline value in Tondaiarpet is Rs 1,600 per sq.ft, with Periapalayathamman Koil 5th Lanes being above this median at Rs 2,200 per sq.ft.