Guideline Value for Periyamalai Forest Road(Rajagopal Street)

Periyamalai Forest Road(Rajagopal Street) guideline value

The current guideline value of Periyamalai Forest Road (Rajagopal Street) is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Pulikoradu village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class II Type - III.

How the guideline value of Periyamalai Forest Road(Rajagopal Street) has changed

The guideline value for Periyamalai Forest Road (Rajagopal Street) has seen several revisions over the years. In 2007, the guideline value was Rs 300 per sq.ft, which increased to Rs 800 per sq.ft in 2012. However, it then decreased to Rs 536 per sq.ft in 2017. The value rose significantly to Rs 800 per sq.ft in 2023 and is now Rs 880 per sq.ft in 2024, reflecting a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 193%. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Pulikoradu

In Pulikoradu, there are 62 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 6,600 per sq.ft. The median value is Rs 880 per sq.ft, which is equal to the guideline value of Periyamalai Forest Road (Rajagopal Street).

• Periyar Nagar: Rs 880 per sq.ft (2024)
• Periyar Nagar Pulikoradu: Rs 880 per sq.ft (2024)
• Pillai Koil Street: Rs 880 per sq.ft (2024)
• Pachchaimalai Street: Rs 1,100 per sq.ft (2024)
• Pulikkoradu Road: Rs 1,650 per sq.ft (2024)
• Rajagopal Nagar: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Periyamalai Forest Road(Rajagopal Street)

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, making the total cost for these fees Rs 79,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Periyamalai Forest Road(Rajagopal Street)?

The Sub Registrar Office that covers Periyamalai Forest Road (Rajagopal Street) is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor in the registration process when buying or selling property in Pulikoradu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

Frequently asked questions

What is the current guideline value of Periyamalai Forest Road (Rajagopal Street)?

The current guideline value of Periyamalai Forest Road (Rajagopal Street) 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 300 per sq.ft in 2007 to Rs 880 per sq.ft in 2024, reflecting an overall increase of 193% over the years.

What is the land classification for Periyamalai Forest Road (Rajagopal Street)?

The land classification for Periyamalai Forest Road (Rajagopal Street) is Residential Class II Type - III.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Periyamalai Forest Road (Rajagopal Street) is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is the stamp duty calculated for properties in Pulikoradu?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the stamp duty would be Rs 61,600.