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Guideline Value

Corporate

Guideline Value for Periapalayathamman Koil 6th Lanes

₹2200/sq.ft.

The guideline value for Periapalayathamman Koil 6th 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 ₹2000 /sq.ft.
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 6th Lanes

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Periapalayathamman Koil 6th Lanes guideline value

The current guideline value of Periapalayathamman Koil 6th Lanes is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village under the Royapuram SRO, classified as Residential Class I Type - I.

How the guideline value of Periapalayathamman Koil 6th Lanes has changed

The guideline value for Periapalayathamman Koil 6th Lanes has seen several revisions over the years. The earliest recorded figure is from 2007, which 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 unchanged at Rs 2,000 per sq.ft until the 2023 revision, which set the rate at Rs 2,000 per sq.ft again.

The latest revision in 2024 has increased the guideline value to Rs 2,200 per sq.ft, reflecting a change of +10% from the previous year. 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 2024 guideline value ranging from Rs 1,100 to Rs 10,100 per sq.ft, with a median value of Rs 1,600 per sq.ft. The guideline value for Periapalayathamman Koil 6th Lanes is above this median.

Stamp duty and registration fee for property in Periapalayathamman Koil 6th 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, and the registration fee at 2% would be Rs 44,000. Together, the total cost for these fees would be Rs 1,98,000. It is important to note that 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 more precise calculations.

Which Sub Registrar Office covers Periapalayathamman Koil 6th Lanes?

The Sub Registrar Office that covers Periapalayathamman Koil 6th 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 an essential factor when buying or selling property in Tondaiarpet. It is used to determine the stamp duty and registration fees applicable to the transaction. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the agreed sale price.

When registering a property, the guideline value ensures that the transaction is recorded at a fair and standardized rate, helping to maintain transparency in property dealings. This is crucial for both buyers and sellers to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Periapalayathamman Koil 6th Lanes?

The current guideline value of Periapalayathamman Koil 6th 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, reflecting 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 Periapalayathamman Koil 5th Lanes, 7th Lanes, 4th Lanes, 8th Lanes, 3rd Lanes, and East Street.

Where is the Royapuram Sub Registrar Office located?

The Royapuram Sub Registrar Office is located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

How is stamp duty calculated for property in Periapalayathamman Koil 6th Lanes?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000.