Guideline Value for Periyapalaiayathamman Koil Lane

Periyapalaiayathamman Koil Lane guideline value

The current guideline value of Periyapalaiayathamman Koil Lane is Rs 7,700 per sq.ft, effective from 1 July 2024. This street is located in Mylapore Part 1 village and falls under the Chennai Central Joint I SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Periyapalaiayathamman Koil Lane has changed

The guideline value for Periyapalaiayathamman Koil Lane has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 7,700 per sq.ft, which is an increase from Rs 7,000 per sq.ft in the 2023 revision, marking a change of +10%. Prior to 2023, the register has no figure for this street for the years 2017, 2012, 2007, 2003, and 2002.

In summary, the guideline values for the available revisions are Rs 7,000 per sq.ft in 2023 and Rs 7,700 per sq.ft in 2024. The absence of figures for earlier years indicates that there were no recorded guideline values for Periyapalaiayathamman Koil Lane during those periods.

Guideline values in Mylapore Part 1

In Mylapore Part 1, there are 333 streets under the Chennai Central Joint I SRO with a 2024 guideline value ranging from Rs 4,400 to Rs 25,300 per sq.ft, with a median value of Rs 8,800 per sq.ft. The guideline value for Periyapalaiayathamman Koil Lane is below this median.

• Periyar Salai: Rs 8,700 per sq.ft (2024)
• Parthasarathy Pettai Street: Rs 8,700 per sq.ft (2024)
• Parthasarathy Garden @ Parthasarathy Avenue: Rs 17,500 per sq.ft (2024)
• Parthasarathy Garden: Rs 10,900 per sq.ft (2024)
• Parthasarathy Avenue: Rs 8,700 per sq.ft (2024)
• Parasuram Nagar (North South): Rs 8,700 per sq.ft (2024)

Stamp duty and registration fee for property in Periyapalaiayathamman Koil Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 7,700 per sq.ft, the total guideline value amounts to Rs 77,00,000. The stamp duty at 7% would be Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000, bringing the total fees together to Rs 6,93,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Periyapalaiayathamman Koil Lane?

The Sub Registrar Office that covers Periyapalaiayathamman Koil Lane is the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Mylapore Part 1

The guideline value plays a crucial role in property transactions in Mylapore Part 1. It serves as the basis for calculating stamp duty and registration fees during the registration process. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When a property is sold, the guideline value helps determine the minimum price at which the property can be registered. This ensures that the transaction is recorded accurately and that the appropriate fees are paid to the government.

Frequently asked questions

What is the current guideline value of Periyapalaiayathamman Koil Lane?

The current guideline value of Periyapalaiayathamman Koil Lane is Rs 7,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed recently?

The guideline value increased from Rs 7,000 per sq.ft in 2023 to Rs 7,700 per sq.ft in 2024, reflecting a change of +10%.

Are there any years without a recorded guideline value for this street?

Yes, the guideline value register has no figures for Periyapalaiayathamman Koil Lane for the years 2017, 2012, 2007, 2003, and 2002.

What are the registration fees based on the guideline value?

The registration fees are calculated based on the guideline value, which for a 1,000 sq.ft plot at the current rate would total Rs 6,93,000, including stamp duty and registration fees.

Which office handles the registration for Periyapalaiayathamman Koil Lane?

The Chennai Central Joint I Sub Registrar Office handles registrations for Periyapalaiayathamman Koil Lane, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.