Guideline Value for Periyamettu palayam Streets/Road

Periyamettu palayam Streets/Road guideline value

The current guideline value for Periyamettu palayam Streets/Road is Rs 3,400 per sq.ft, effective from 1 July 2024. This street is located in Satthankadu village under the Thiruvottiyur SRO, classified as Residential Special Type - III.

How the guideline value of Periyamettu palayam Streets/Road has changed

The guideline value for Periyamettu palayam Streets/Road has undergone several revisions over the years. The earliest recorded figure is from 2007, which was Rs 600 per sq.ft. This value saw a significant increase to Rs 3,100 per sq.ft in 2012, marking a rise of 417%. However, it then decreased to Rs 2,077 per sq.ft in 2017, a decline of 33%. The value rebounded to Rs 3,100 per sq.ft in 2023, and the latest revision in 2024 set it at Rs 3,400 per sq.ft, reflecting a 10% increase from the previous year. The register has no figures for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%, bringing it to Rs 3,100 per sq.ft. The overall change from the 2007 figure to the current 2024 figure represents an increase of 467%, highlighting the fluctuations in the guideline value over the years.

Guideline values in Satthankadu

In Satthankadu village, there are 71 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 5,500 per sq.ft. The median value for these streets is Rs 3,400 per sq.ft, which is equal to the guideline value for Periyamettu palayam Streets/Road.

• Perumal koil street: Rs 3,400 per sq.ft (2024)
• Pilliyar Koil street: Rs 3,400 per sq.ft (2024)
• Padmanabhan colony: Rs 3,400 per sq.ft (2024)
• Ottravadai Street: Rs 3,400 per sq.ft (2024)
• North PRAGARAM Street: Rs 3,400 per sq.ft (2024)
• North Pattai: Rs 3,400 per sq.ft (2024)

Stamp duty and registration fee for property in Periyamettu palayam Streets/Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,400 per sq.ft, the total guideline value amounts to Rs 34,00,000. The stamp duty at 7% would be Rs 2,38,000, and the registration fee at 2% would be Rs 68,000, bringing the total cost for these fees to Rs 3,06,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Periyamettu palayam Streets/Road?

The Sub Registrar Office that covers Periyamettu palayam Streets/Road is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Satthankadu. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. Buyers should be aware that the guideline value is set by the government and can vary based on location and property type.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for both buyers and sellers. It helps maintain transparency in property dealings and ensures that the appropriate taxes are collected by the government.

Frequently asked questions

What is the current guideline value for Periyamettu palayam Streets/Road?

The current guideline value for Periyamettu palayam Streets/Road is Rs 3,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 3,400 per sq.ft in 2024, reflecting an overall increase of 467% over the years.

What is the median guideline value for streets in Satthankadu?

The median guideline value for the 71 streets in Satthankadu is Rs 3,400 per sq.ft, which is the same as the value for Periyamettu palayam Streets/Road.

What are the stamp duty rates for property in Periyamettu palayam Streets/Road?

The stamp duty for property in Periyamettu palayam Streets/Road is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Periyamettu palayam Streets/Road?

The Sub Registrar Office covering Periyamettu palayam Streets/Road is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.