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Guideline Value

Corporate

Guideline Value for Periapalayathamman Koil 8th Lanes

₹2200/sq.ft.

The guideline value for Periapalayathamman Koil 8th 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 8th Lanes

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Periapalayathamman Koil 8th Lanes guideline value

The current guideline value of Periapalayathamman Koil 8th 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 8th Lanes has changed

The guideline value for Periapalayathamman Koil 8th Lanes has undergone several revisions over the years. The oldest available figure is from the 2007 revision, which was Rs 622 per sq.ft. This value saw a significant increase to Rs 2,000 per sq.ft in the 2012 revision, marking a change of +222%. The value remained unchanged at Rs 2,000 per sq.ft in the 2023 revision before rising to Rs 2,200 per sq.ft in the 2024 revision, reflecting a +10% increase.

There are no figures available for the revisions in 2002, 2003, and 2017 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 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 8th Lanes is above this median.

Stamp duty and registration fee for property in Periapalayathamman Koil 8th 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, totaling 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 to estimate your costs.

Which Sub Registrar Office covers Periapalayathamman Koil 8th Lanes?

The Sub Registrar Office that covers Periapalayathamman Koil 8th 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 in determining the registration fees and stamp duty when buying or selling property in Tondaiarpet. It serves as a benchmark for the minimum value at which a property can be registered and is used by the registration department to calculate applicable fees.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the stamp duty and registration fees. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Periapalayathamman Koil 8th Lanes?

The current guideline value of Periapalayathamman Koil 8th 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, with significant increases noted in the revisions of 2012 and 2024.

What is the median guideline value in Tondaiarpet?

The median guideline value in Tondaiarpet is Rs 1,600 per sq.ft, with Periapalayathamman Koil 8th Lanes being above this median at Rs 2,200 per sq.ft.

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

Stamp duty is charged at 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 1,98,000.

Which office handles property registrations for Periapalayathamman Koil 8th Lanes?

The Royapuram Sub Registrar Office handles property registrations for Periapalayathamman Koil 8th Lanes, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.