Guideline Value for Periya Street

Periya Street guideline value

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

How the guideline value of Periya Street has changed

The guideline value for Periya Street has remained stable at Rs 150 per sq.ft since the 2023 revision, which also recorded the same value. Prior to that, the 2017 revision set the value at Rs 100 per sq.ft, marking a 50% increase from 2017 to 2023. The register has no figures for the years 2002, 2003, 2007, and 2012.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 50%. The 2024 figure of Rs 150 per sq.ft aligns with the median value of other streets in Echur_B, which range from Rs 150 to Rs 300 per sq.ft.

Guideline values in Echur_B

Echur_B village has 26 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, with values ranging from Rs 150 to Rs 300 per sq.ft. The median value is Rs 150 per sq.ft, which is the same as the guideline value for Periya Street.

• 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 amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, totaling Rs 13,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can 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 further assistance.

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

The guideline value is a crucial factor in property transactions in Echur_B, as it determines the amount of stamp duty and registration fees payable. Buyers and sellers should be aware that the guideline value serves as a reference point for property valuation during registration.

When registering a property, the guideline value is used to calculate the applicable taxes and fees, ensuring that both parties are aware of their financial obligations. It is essential to consult the latest guideline values to avoid any discrepancies during the registration process.

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 remained at Rs 150 per sq.ft since the 2023 revision. It increased from Rs 100 per sq.ft in 2017 to Rs 150 per sq.ft in 2023, marking a 50% increase.

What are the other streets in Echur_B?

Other streets in Echur_B include Pillaiyar Kovil Street, Pallikooda Street, Prasanthi Nagar, Natham Kuppam Colony, Risemil Street, and Road Street, with varying guideline values.

What is the stamp duty rate for properties in Periya Street?

The stamp duty rate for properties in Periya Street is 7% of the guideline value or sale price, whichever is higher.

Which office handles the registration for Periya Street?

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