Guideline Value for Periyalwar Street

Periyalwar Street guideline value

The current guideline value of Periyalwar Street is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Selaiyur village, under the Selaiyur SRO, and is classified as Residential Special Type - II.

How the guideline value of Periyalwar Street has changed

The guideline value for Periyalwar Street has undergone several revisions over the years. In 2007, the value was set at Rs 450 per sq.ft. This increased significantly to Rs 2,200 per sq.ft in 2012, marking a rise of 389%. However, it decreased to Rs 1,474 per sq.ft in 2017, reflecting a drop of 33%. The value then rose to Rs 2,200 per sq.ft in 2023, indicating a substantial increase of 49%. The most recent revision in 2024 has set the guideline value at Rs 2,400 per sq.ft, which is a 9% increase from the previous year.

It is important to note that the register has no figures for Periyalwar Street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 433%.

Guideline values in Selaiyur

In Selaiyur, there are 478 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 6,500 per sq.ft. The median guideline value is Rs 2,200 per sq.ft, which means that the 2024 guideline value of Periyalwar Street is above this median.

• Pattel Street: Rs 1,300 per sq.ft (2024)
• Pattai Street: Rs 3,750 per sq.ft (2024)
• Park Street Selaiyur: Rs 1,600 per sq.ft (2024)
• Park Street Bharathiyar Nagar: Rs 1,600 per sq.ft (2024)
• Peter Street: Rs 950 per sq.ft (2024)
• Pillaiyar Koil Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Periyalwar Street

For a 1,000 sq.ft plot at the current rate of Rs 2,400 per sq.ft, the guideline value amounts to Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, bringing the total to Rs 2,16,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Periyalwar Street?

The Sub Registrar Office that covers Periyalwar Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Selaiyur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, it is essential to be aware of the guideline value, as it can impact the overall costs involved in the transaction. Buyers should ensure that they are informed of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Periyalwar Street?

The current guideline value of Periyalwar Street is Rs 2,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 450 per sq.ft in 2007 to Rs 2,400 per sq.ft in 2024, marking an overall increase of 433%.

What is the stamp duty rate for properties in Selaiyur?

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

Where is the Selaiyur Sub Registrar Office located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

What are the other streets in Selaiyur with their guideline values?

Other streets in Selaiyur include Pattel Street at Rs 1,300 per sq.ft, Pattai Street at Rs 3,750 per sq.ft, and Park Street Selaiyur at Rs 1,600 per sq.ft, among others.