Guideline Value for Periyanna Maistry street

Periyanna Maistry street guideline value

The current guideline value of Periyanna Maistry street is Rs 9,900 per sq.ft, effective from 1 July 2024. This street is located in Vepery village and falls under the Periamet SRO. The land classification for this area is Commercial Special Type - V.

How the guideline value of Periyanna Maistry street has changed

The guideline value for Periyanna Maistry street has seen significant changes over the years. In the 2007 revision, the value was Rs 3,000 per sq.ft. This increased to Rs 9,000 per sq.ft in the 2012 revision, marking a substantial rise of 200%. However, in the 2017 revision, the value dropped to Rs 6,030 per sq.ft, reflecting a decrease of 33%. The value then increased to Rs 9,000 per sq.ft in the 2023 revision, followed by a further increase to Rs 9,900 per sq.ft in the 2024 revision, which is a rise of 10%.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 230%. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Vepery

In Vepery village, there are 290 streets under the Periamet SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 22,000 per sq.ft. The median guideline value for these streets is Rs 4,800 per sq.ft, placing Periyanna Maistry street's 2024 figure above that median.

• Periyar nagar (Gray Nagar pallam): Rs 2,700 per sq.ft (2024)
• Pattunool Chandur Street: Rs 8,800 per sq.ft (2024)
• Parvathi Kakkan Colony (Mudaliar Thottam): Rs 4,400 per sq.ft (2024)
• Periyathambi street: Rs 6,000 per sq.ft (2024)
• Parthasarathy Pillai Street: Rs 4,800 per sq.ft (2024)
• Parthasarathy Naidu Street: Rs 4,800 per sq.ft (2024)

Stamp duty and registration fee for property in Periyanna Maistry street

For a 1,000 sq.ft plot at the current guideline value of Rs 9,900 per sq.ft, the total guideline value amounts to Rs 99,00,000. The stamp duty, charged at 7%, would be Rs 6,93,000, and the registration fee at 2% would be Rs 1,98,000, bringing the total to Rs 8,91,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Periyanna Maistry street?

The Sub Registrar Office that covers Periyanna Maistry street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for further assistance.

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

The guideline value is a critical factor during property registration in Vepery. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the transaction is in line with government regulations.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory costs associated with property transactions. It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Periyanna Maistry street?

The current guideline value of Periyanna Maistry street is Rs 9,900 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 3,000 per sq.ft in 2007 to Rs 9,900 per sq.ft in 2024, reflecting an overall increase of 230% over the years.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 99,00,000, the stamp duty would be Rs 6,93,000, and the registration fee would be Rs 1,98,000, totaling Rs 8,91,000.

Which Sub Registrar Office is responsible for this area?

The Periamet Sub Registrar Office covers Periyanna Maistry street, located at 1103, Poonamallee High Road, Chennai-600 003.

What is the median guideline value for streets in Vepery?

The median guideline value for streets in Vepery is Rs 4,800 per sq.ft, with Periyanna Maistry street's value being above this median.