Guideline Value for Periyamaniyakara Street

Periyamaniyakara Street guideline value

The current guideline value of Periyamaniyakara Street is Rs 4,125 per sq.ft, effective from 1 July 2024. This street is located in Chengalpattu Town village, under the Chengleput Joint I SRO, and is classified as Residential Special Type - III.

How the guideline value of Periyamaniyakara Street has changed

The guideline value for Periyamaniyakara Street has undergone several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 501 per sq.ft. This increased significantly to Rs 3,750 per sq.ft in 2012, marking a rise of 649%. However, the value then decreased to Rs 2,512 per sq.ft in 2017, a decline of 33%. The value saw a substantial increase to Rs 3,750 per sq.ft in 2023, followed by a further rise to Rs 4,125 per sq.ft in 2024, which is a 10% increase from the previous year.

In summary, from 2007 to 2024, the overall change in guideline value is an increase of 723%. Notably, there are no recorded figures for the years 2002 and 2003 for this street.

Guideline values in Chengalpattu Town

In Chengalpattu Town, there are 55 streets under the Chengleput Joint I SRO that have a 2024 guideline value ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median value among these streets is Rs 3,025 per sq.ft, placing Periyamaniyakara Street's 2024 figure above this median.

• Pillaiyar Kulam Street: Rs 4,125 per sq.ft (2024)
• Pudu Eri: Rs 2,420 per sq.ft (2024)
• Pudukarai ( Nadu Street): Rs 2,200 per sq.ft (2024)
• Ottapalayam Santhu: Rs 1,650 per sq.ft (2024)
• Ottapalayam (a) Sasthiri Nagar: Rs 1,650 per sq.ft (2024)
• Old G.S.T.Road 3: Rs 3,025 per sq.ft (2024)

Stamp duty and registration fee for property in Periyamaniyakara Street

For a 1,000 sq.ft plot at the current rate of Rs 4,125 per sq.ft, the guideline value amounts to Rs 41,25,000. The stamp duty at 7% would be Rs 2,88,750, and the registration fee at 2% would be Rs 82,500, totaling Rs 3,71,250. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Periyamaniyakara Street?

The Sub Registrar Office covering Periyamaniyakara Street is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Chengalpattu Town. It serves as the basis for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

When a property is sold, the guideline value is used to determine the minimum price at which the property can be registered. This helps maintain transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Periyamaniyakara Street?

The current guideline value of Periyamaniyakara Street is Rs 4,125 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 501 per sq.ft in 2007 to Rs 4,125 per sq.ft in 2024, reflecting an overall increase of 723% over the years.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 41,25,000, the stamp duty would be Rs 2,88,750 and the registration fee would be Rs 82,500, totaling Rs 3,71,250.

Which Sub Registrar Office covers Periyamaniyakara Street?

The Chengleput Joint I Sub Registrar Office covers Periyamaniyakara Street, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the land classification of Periyamaniyakara Street?

Periyamaniyakara Street is classified as Residential Special Type - III, indicating its suitability for residential purposes.