Guideline Value for Periya Street

Periya Street guideline value

The current guideline value of Periya Street, located in Anakaputhur village under the Pammal SRO, is Rs 1,760 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - I land classification.

How the guideline value of Periya Street has changed

Over the years, the guideline value of Periya Street has seen significant changes. In 2003, the value was Rs 271 per sq.ft, which increased to Rs 300 per sq.ft in 2007. This was followed by a substantial rise to Rs 1,072 per sq.ft in 2017, marking a 257% increase. The 2023 revision set the guideline value at Rs 1,600 per sq.ft, reflecting a 49% increase from the previous revision. The current value of Rs 1,760 per sq.ft in 2024 represents a 10% increase from 2023. Notably, there are no figures available for the years 2002 and 2012 in the register for this street.

Overall, from 2003 to 2024, the guideline value has increased by 549%. This consistent upward trend highlights the evolving property landscape in the area.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median guideline value for these streets is Rs 1,980 per sq.ft, placing Periya Street's 2024 figure below this median.

• Periayar Street (Balaji Nagar): Rs 2,350 per sq.ft (2024)
• Periayar Street (Anna Nagar): Rs 1,980 per sq.ft (2024)
• Pettai Ist Street: Rs 1,760 per sq.ft (2024)
• Pettai Street: Rs 1,760 per sq.ft (2024)
• Pettai Street Lane: Rs 1,760 per sq.ft (2024)
• Pillayar Koil Street: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Periya Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value amounts to Rs 17,60,000. The stamp duty, charged at 7%, would be Rs 1,23,200, while the registration fee at 2% would be Rs 35,200. Together, the total cost for stamp duty and registration fee would be Rs 1,58,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Periya Street?

The Sub Registrar Office that covers Periya Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Anakaputhur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized valuation of the property.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property can be registered, thereby facilitating a transparent transaction process.

Frequently asked questions

What is the current guideline value of Periya Street?

The current guideline value of Periya Street is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 271 per sq.ft in 2003 to Rs 1,760 per sq.ft in 2024, marking an overall increase of 549% over this period.

What is the land classification of Periya Street?

Periya Street is classified under Residential Class II Type - I according to the guideline value register.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

How is stamp duty calculated for property in Periya Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 1,23,200.