Guideline Value for Periya Street

Periya Street guideline value

The current guideline value of Periya Street in Siru Mangadu 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 II Type - I.

How the guideline value of Periya Street has changed

Over the years, the guideline value of Periya Street has seen several revisions. The 2012 revision set the value at Rs 150 per sq.ft, which remained unchanged until the 2023 revision. The 2017 revision had a lower value of Rs 100 per sq.ft, marking a decrease of 33% from the 2012 figure. From 2017 to 2023, the value increased by 50% to reach Rs 150 per sq.ft, which has remained the same through the 2024 revision, indicating no change from the previous year.

The register has no figures for the years 2002, 2003, and 2007 regarding this street. Hence, the only revisions available are from 2012, 2017, 2023, and 2024, with the overall change from 2012 to 2024 being 0%.

Guideline values in Siru Mangadu

In Siru Mangadu, there are 9 streets under the Sunguvarchattram SRO that carry a guideline value for 2024, ranging from Rs 100 to Rs 528 per sq.ft. The median value for these streets is Rs 200 per sq.ft, placing Periya Street's 2024 figure below this median.

• Nadu Street: Rs 150 per sq.ft (2024)
• Santhiamman Kovil Street: Rs 100 per sq.ft (2024)
• Mettu Street: Rs 150 per sq.ft (2024)
• Kumaran Nagar: Rs 300 per sq.ft (2024)
• Kanniamman Kovil Street: Rs 200 per sq.ft (2024)
• Jemi Sirumangadu New Town: 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. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

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, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Siru Mangadu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is sold, the guideline value is used to calculate the applicable duties, ensuring that both the buyer and seller comply with the legal requirements set by the Registration Department.

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 was Rs 100 per sq.ft in 2017 and Rs 150 per sq.ft in 2012, showing an overall change of 0% from 2012 to 2024.

What are the other streets in Siru Mangadu with their guideline values?

Other streets in Siru Mangadu include Nadu Street and Mettu Street, both at Rs 150 per sq.ft, Santhiamman Kovil Street at Rs 100 per sq.ft, Kumaran Nagar at Rs 300 per sq.ft, and Kanniamman Kovil Street and Jemi Sirumangadu New Town at Rs 200 per sq.ft.

What is the stamp duty for property in Periya Street?

The stamp duty for a property in Periya Street is calculated at 7% of the guideline value. For a 1,000 sq.ft plot, the stamp duty would be Rs 10,500.

Where can I find the Sub Registrar Office for Periya Street?

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