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 2 village, under the Chennai Central Joint I SRO, and is classified as Residential Class II Type - I.

How the guideline value of Periyapalaiayathamman Koil Lane has changed

The guideline value for Periyapalaiayathamman Koil Lane has seen 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 of 10% from the 2023 revision of Rs 7,000 per sq.ft. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Prior to the 2023 revision, there were no recorded guideline values for Periyapalaiayathamman Koil Lane in the years mentioned. The consistent updates reflect the changing landscape of property values in the area.

Guideline values in Mylapore Part 2

In Mylapore Part 2, there are 332 streets under the Chennai Central Joint I SRO, with guideline values ranging from Rs 4,400 to Rs 25,300 per sq.ft. The median value in this area is Rs 8,800 per sq.ft, placing Periyapalaiayathamman Koil Lane's 2024 figure below that median.

• Periyar Salai: Rs 8,700 per sq.ft (2024)
• Parthasarathy Pettai Street: Rs 8,700 per sq.ft (2024)
• Parthasarathy Avenue: Rs 8,700 per sq.ft (2024)
• Parasuram Nagar (North South): Rs 8,700 per sq.ft (2024)
• Peters Lane: Rs 8,800 per sq.ft (2024)
• Peters Road: Rs 13,200 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 rate of Rs 7,700 per sq.ft, the 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, totaling Rs 6,93,000. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

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 information.

How the guideline value is used when you buy or sell in Mylapore Part 2

The guideline value plays a crucial role during the registration of property transactions in Mylapore Part 2. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is used to calculate the applicable charges, ensuring that the transaction is recorded accurately in accordance with government regulations. This helps maintain transparency in property dealings.

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 over the years?

The guideline value has changed from Rs 7,000 per sq.ft in 2023 to Rs 7,700 per sq.ft in 2024, reflecting a 10% increase. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification of Periyapalaiayathamman Koil Lane?

Periyapalaiayathamman Koil Lane is classified as Residential Class II Type - I. This classification indicates the type of development allowed on the property.

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

The stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 77,00,000, the total stamp duty and registration fees would amount to Rs 6,93,000.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office covering Periyapalaiayathamman Koil Lane is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find more information by visiting the appropriate links.