Guideline Value for Periyakuppam

Periyakuppam guideline value

The current guideline value of Periyakuppam is Rs 1,001 per sq.ft, effective from 1 July 2024. This village falls under the Thiruvottiyur Sub Registrar Office (SRO) and is classified as Residential Class I Type - I.

How the guideline value of Periyakuppam has changed

The guideline value for Periyakuppam has undergone several revisions over the years. The earliest recorded figure in the register is from 2007, where the value was Rs 200 per sq.ft. This increased significantly to Rs 800 per sq.ft in 2012, marking a 300% rise. However, from 2012 to 2017, the value decreased to Rs 536 per sq.ft, representing a decline of 33%. The value then surged to Rs 1,000 per sq.ft in 2023, and finally reached Rs 1,001 per sq.ft in the 2024 revision, showing no change from the previous year.

Notably, there are no registered figures for the years 2002 and 2003 for this street. Overall, the guideline value has increased by 401% from the 2007 figure to the current 2024 figure.

Guideline values in Kathivakkam

In Kathivakkam, there are 47 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 1,600 per sq.ft. The median value among these streets is Rs 1,001 per sq.ft, which is equal to the current guideline value of Periyakuppam.

• Pillai Thottam: Rs 1,001 per sq.ft (2024)
• Ponga Nagar(Nehru Nagar): Rs 1,100 per sq.ft (2024)
• Porkaliyamman Koil Street: Rs 1,001 per sq.ft (2024)
• Railway Station Road: Rs 1,100 per sq.ft (2024)
• Nettukkuppam: Rs 1,000 per sq.ft (2024)
• Nehru Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Periyakuppam

For a 1,000 sq.ft plot at the current guideline value of Rs 1,001 per sq.ft, the total guideline value would be Rs 10,01,000. The stamp duty at 7% would amount to Rs 70,070, and the registration fee at 2% would be Rs 20,020, making the total cost Rs 90,090. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Periyakuppam?

The Sub Registrar Office that covers Periyakuppam is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Kathivakkam, as it determines the amount of stamp duty and registration fees payable. Buyers should be aware that the guideline value serves as a benchmark for property transactions, ensuring that the government collects appropriate taxes based on the property's assessed value.

When registering a property, the buyer must pay the stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is legally recognized and that all applicable fees are duly paid to the government.

Frequently asked questions

What is the current guideline value of Periyakuppam?

The current guideline value of Periyakuppam is Rs 1,001 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 200 per sq.ft in 2007 to Rs 1,001 per sq.ft in 2024, representing an overall increase of 401%.

What are the stamp duty and registration fees for property in Periyakuppam?

For a property valued at Rs 10,01,000, the stamp duty would be Rs 70,070 and the registration fee would be Rs 20,020, totaling Rs 90,090.

Which office handles registrations for Periyakuppam?

The Thiruvottiyur Sub Registrar Office handles registrations for Periyakuppam, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees payable during property transactions. It serves as a benchmark for assessing the property's value for legal and tax purposes.