Guideline Value for Periyapalayam - Chennai Road

Periyapalayam - Chennai Road guideline value

The current guideline value for Periyapalayam - Chennai Road is Rs 400 per sq.ft, effective from 1 July 2024. This street is located in Periyapalayam village under the Arani_Tiruvallur SRO and is classified as Commercial Class I Type - III.

How the guideline value of Periyapalayam - Chennai Road has changed

Looking back at the revisions, the guideline value for Periyapalayam - Chennai Road has seen several changes over the years. The 2007 revision set the value at Rs 100 per sq.ft, which increased significantly to Rs 400 per sq.ft in the 2012 revision, marking a 300% rise. However, from 2012 to 2017, the value decreased to Rs 268 per sq.ft, a drop of 33%. The 2023 revision maintained the value at Rs 400 per sq.ft, and the most recent 2024 revision also holds it at Rs 400 per sq.ft, reflecting no change from the previous year.

Between the 2017 and 2023 revisions, the guideline value increased by 49%. Overall, from the 2007 revision to the 2024 revision, there has been a substantial increase of 300% in the guideline value.

Guideline values in Periyapalayam

In Periyapalayam, there are 31 streets under the Arani_Tiruvallur SRO that carry a 2024 guideline value ranging from Rs 160 to Rs 600 per sq.ft, with a median value of Rs 200 per sq.ft. The guideline value for Periyapalayam - Chennai Road is above this median.

• Periyapalayam Shri Bhavani Amman Nagar: Rs 160 per sq.ft (2024)
• Panayancheri nagar: Rs 160 per sq.ft (2024)
• Palaiakkara Street: Rs 600 per sq.ft (2024)
• New Diamond City: Rs 600 per sq.ft (2024)
• Nethaji Nagar: Rs 200 per sq.ft (2024)
• R.K. Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Periyapalayam - Chennai Road

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total charges to Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Periyapalayam - Chennai Road?

The Sub Registrar Office that covers Periyapalayam - Chennai Road is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Periyapalayam. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration. Buyers and sellers should be aware that the guideline value is typically assessed to ensure that the property is registered at a fair value.

When purchasing property, the guideline value serves as a baseline for calculating the financial obligations associated with the transaction, including taxes and fees. It is essential to understand this value to avoid any unexpected costs during the registration process.

Frequently asked questions

What is the current guideline value for Periyapalayam - Chennai Road?

The current guideline value for Periyapalayam - Chennai Road is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has fluctuated, with significant changes noted in 2007, 2012, 2017, 2023, and 2024. The overall increase from 2007 to 2024 is 300%.

What is the land classification for Periyapalayam - Chennai Road?

The land classification for Periyapalayam - Chennai Road is Commercial Class I Type - III.

Where can I find the registration office for Periyapalayam?

The registration office for Periyapalayam is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101.

How is stamp duty calculated for properties in Periyapalayam?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000 at 7%.