Guideline Value for Periyanolambur

Periyanolambur guideline value

The current guideline value for Periyanolambur is Rs 3,300 per sq.ft, effective from 1 July 2024. This village falls under the Villivakkam Sub Registrar Office (SRO) and is classified as Residential Class III Type - I.

How the guideline value of Periyanolambur has changed

The guideline value for Periyanolambur has seen several revisions over the years. The 2017 revision set the value at Rs 2,010 per sq.ft, which increased to Rs 3,000 per sq.ft in the 2023 revision. The latest revision in 2024 has raised the guideline value to Rs 3,300 per sq.ft, marking a 10% increase from the previous year. The overall increase from the 2017 revision to the 2024 revision is 64%.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. The change from 2017 to 2023 was significant, with a 49% increase noted during that period.

Guideline values in 1. Nolambur

In 1. Nolambur, there are 73 streets under the Villivakkam SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 8,800 per sq.ft. The median value for these streets is Rs 7,100 per sq.ft, placing Periyanolambur's 2024 figure below that median.

• Patchaiappan Nagar: Rs 7,100 per sq.ft (2024)
• Parkrest Apartments: Rs 7,100 per sq.ft (2024)
• Perumal Koil Street: Rs 3,700 per sq.ft (2024)
• Panjamuga Sivan Koil Street: Rs 4,355 per sq.ft (2024)
• Padasalai Street: Rs 3,300 per sq.ft (2024)
• Pacific City: Rs 7,100 per sq.ft (2024)

Stamp duty and registration fee for property in Periyanolambur

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, resulting in a total of Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

To calculate your stamp duty and registration fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Periyanolambur?

The Sub Registrar Office that covers Periyanolambur is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

How the guideline value is used when you buy or sell in 1. Nolambur

When you buy or sell property in 1. Nolambur, the guideline value serves as a benchmark for determining the stamp duty and registration fees. The value is essential for the registration process, ensuring that the property is accurately valued for taxation purposes.

It is crucial to be aware that the guideline value may influence the sale price of the property, as it is used by the authorities to calculate the applicable fees. Buyers and sellers should consider the guideline value when negotiating property transactions.

Frequently asked questions

What is the current guideline value of Periyanolambur?

The current guideline value of Periyanolambur is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,010 per sq.ft in 2017 to Rs 3,000 per sq.ft in 2023, and then to Rs 3,300 per sq.ft in 2024, marking an overall increase of 64% from 2017 to 2024.

What are the other streets in 1. Nolambur and their guideline values?

Other streets in 1. Nolambur include Patchaiappan Nagar and Parkrest Apartments, both at Rs 7,100 per sq.ft, and Perumal Koil Street at Rs 3,700 per sq.ft, among others.

What are the stamp duty and registration fees for property in Periyanolambur?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which Sub Registrar Office covers Periyanolambur?

The Villivakkam Sub Registrar Office covers Periyanolambur, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.