Guideline Value for Periya Street

Periya Street guideline value

The current guideline value of Periya Street in Echur village is Rs 150 per sq.ft, effective from 1 July 2024. This street falls under the Sunguvarchattram SRO and is classified as Residential Class IV Type - I.

How the guideline value of Periya Street has changed

The guideline value for Periya Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 150 per sq.ft, which is the same as the 2023 revision. In the 2017 revision, the value was Rs 100 per sq.ft, indicating a 50% increase over the six years leading up to 2023. The 2012 revision also recorded a guideline value of Rs 150 per sq.ft, showing a decrease of 33% from the previous figure in 2017.

Prior to 2012, the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, comparing the figures from 2012 to 2024, there has been no change, maintaining the guideline value at Rs 150 per sq.ft.

Guideline values in Echur

In Echur, there are 26 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 300 per sq.ft, with a median value of Rs 150 per sq.ft. Periya Street's 2024 figure aligns with this median.

• Pillaiyar Kovil Street: Rs 150 per sq.ft (2024)
• Pallikooda Street: Rs 150 per sq.ft (2024)
• Prasanthi Nagar: Rs 300 per sq.ft (2024)
• Natham Kuppam Colony: Rs 150 per sq.ft (2024)
• Risemil Street: Rs 200 per sq.ft (2024)
• Road Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Periya Street

For a 1,000 sq.ft plot at the current rate of Rs 150 per sq.ft, the guideline value would be Rs 1,50,000. The stamp duty at 7% would amount to Rs 10,500, and the registration fee at 2% would be Rs 3,000, totaling Rs 13,500. 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Periya Street?

The Sub Registrar Office that covers Periya Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Echur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the transaction is recorded accurately and fairly in the official register.

Frequently asked questions

What is the current guideline value of Periya Street?

The current guideline value of Periya Street is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 150 per sq.ft in 2024 and 2023. The value was Rs 100 per sq.ft in 2017, showing a significant increase over the years.

What is the land classification for Periya Street?

Periya Street is classified as Residential Class IV Type - I, indicating its suitability for residential purposes.

Where is the Sub Registrar Office for Periya Street located?

The Sub Registrar Office for Periya Street is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is the stamp duty calculated for property in Periya Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a plot valued at Rs 1,50,000, the stamp duty would be Rs 10,500 at a rate of 7%.