Guideline Value for Periya Theru

Periya Theru guideline value

The current guideline value of Periya Theru is Rs 250 per sq.ft, effective from 1 July 2024. This street is located in Nandimedu village under the Sunguvarchattram SRO, classified as Residential Special Type - I.

How the guideline value of Periya Theru has changed

In the 2012 revision, the guideline value was Rs 250 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 167 per sq.ft, marking a reduction of 33%. The value then increased to Rs 250 per sq.ft in the 2023 revision, maintaining that rate through to the 2024 revision, which also set the value at Rs 250 per sq.ft, reflecting no change from the previous year.

Between the 2017 and 2023 revisions, there was a significant increase of 50%. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained constant, showing no change over the twelve-year span.

Guideline values in Nandimedu

Nandimedu village has ten streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 175 to Rs 250 per sq.ft. The median value for these streets is Rs 191 per sq.ft, placing Periya Theru's 2024 figure above that median.

• Perumal koil street: Rs 200 per sq.ft (2024)
• Pillaiyar koil street: Rs 200 per sq.ft (2024)
• Pallikuda Theru: Rs 250 per sq.ft (2024)
• Puthu Theru: Rs 250 per sq.ft (2024)
• Mariamman koil street: Rs 175 per sq.ft (2024)
• Mariamman koil kuruku street: Rs 175 per sq.ft (2024)

Stamp duty and registration fee for property in Periya Theru

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total fees to Rs 22,500. It is important to note that the stamp duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Periya Theru?

The Sub Registrar Office that covers Periya Theru 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 details.

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

The guideline value is a crucial factor in property transactions in Nandimedu, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as it impacts the stamp duty and registration fees applicable during the transaction.

When registering a property, the guideline value serves as a benchmark for calculating the applicable duties. It is essential to ensure that the sale price is not lower than the guideline value to avoid potential legal issues during the registration process.

Frequently asked questions

What is the current guideline value of Periya Theru?

The current guideline value of Periya Theru is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revisions showing a consistent value of Rs 250 per sq.ft from 2023 to 2024. The value decreased from Rs 250 in 2012 to Rs 167 in 2017, then increased back to Rs 250 in 2023.

What are the other streets in Nandimedu and their guideline values?

Other streets in Nandimedu include Perumal koil street and Pillaiyar koil street, both at Rs 200 per sq.ft, and Pallikuda Theru and Puthu Theru at Rs 250 per sq.ft. The Mariamman koil street and Mariamman koil kuruku street have a guideline value of Rs 175 per sq.ft.

What fees are associated with property registration in Periya Theru?

When registering a property in Periya Theru, buyers need to pay a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 250 per sq.ft would incur a total fee of Rs 22,500.

Where is the Sub Registrar Office for Periya Theru located?

The Sub Registrar Office for Periya Theru is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. This office handles all registration activities for properties in the area.