Guideline Value for Periyakuppam Colony

Periyakuppam Colony guideline value

The current guideline value of Periyakuppam Colony is Rs 880 per sq.ft, effective from 1 July 2024. This area is located in Thiruvallur village under the Tiruvallur Joint 1 SRO and is classified as Residential Class IV Type - I.

How the guideline value of Periyakuppam Colony has changed

The guideline value for Periyakuppam Colony has seen several revisions over the years. Starting from the 2007 revision, the value was Rs 200 per sq.ft, which increased significantly to Rs 800 per sq.ft in 2012. However, it then decreased to Rs 536 per sq.ft in 2017. The 2023 revision marked an increase to Rs 800 per sq.ft, and the latest revision in 2024 has set the guideline value at Rs 880 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 340%. The revisions for the years 2002 and 2003 have no figures recorded for this street.

Guideline values in Thiruvallur

In Thiruvallur village, there are 172 streets under the Tiruvallur Joint 1 SRO with a 2024 guideline value ranging from Rs 550 to Rs 3,850 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value for Periyakuppam Colony is below this median.

• Paventhar Street: Rs 1,320 per sq.ft (2024)
• Pathiyalpeettai: Rs 1,650 per sq.ft (2024)
• Periyathambi Street: Rs 1,100 per sq.ft (2024)
• Parimelalakar Street: Rs 1,100 per sq.ft (2024)
• Perumal Street: Rs 2,200 per sq.ft (2024)
• Perupakkam Colony: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Periyakuppam Colony

For a 1,000 sq.ft plot at the current rate of Rs 880 per sq.ft, the guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, and the registration fee at 2% would be Rs 17,600, totaling Rs 79,200. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Periyakuppam Colony?

The Sub Registrar Office that covers Periyakuppam Colony is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Thiruvallur. It serves as a benchmark for determining the stamp duty and registration fees that buyers and sellers must pay during the transfer of property ownership.

When a property is sold, the registration office uses the guideline value to calculate the applicable fees, which are based on either the guideline value or the sale price, depending on which is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Periyakuppam Colony?

The current guideline value of Periyakuppam Colony is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 880 per sq.ft in 2024, reflecting a total increase of 340% over the years.

What is the stamp duty rate for properties in Periyakuppam Colony?

The stamp duty rate for properties in Periyakuppam Colony is 7%, which is applied to the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Periyakuppam Colony located?

The Sub Registrar Office for Periyakuppam Colony is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

What are the guideline values of other streets in Thiruvallur?

Other streets in Thiruvallur have varying guideline values, with Paventhar Street at Rs 1,320 per sq.ft, Pathiyalpeettai at Rs 1,650 per sq.ft, and Perumal Street at Rs 2,200 per sq.ft, among others.