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Guideline Value

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Guideline Value for Periyapalayam Shri Bhavani Amman Nagar

₹160/sq.ft.

The guideline value for Periyapalayam Shri Bhavani Amman Nagar in Periyapalayam village (Arani_tiruvallur SRO, Chennai zone) is Rs 160 per sq.ft, effective 1 July 2024. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Periyapalayam

Village

Arani_Tiruvallur

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹160 /sq.ft.
From 1-4-2023 ₹160 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹107 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹160 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹100 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.10, S.p Kovil Street, Arani,ponneri(tk),thiruvallur(dt) - 601 101
044-27927859
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Periyapalayam Shri Bhavani Amman Nagar

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Periyapalayam Shri Bhavani Amman Nagar guideline value

The current guideline value of Periyapalayam Shri Bhavani Amman Nagar is Rs 160 per sq.ft, effective from 1 July 2024. This area is located in Periyapalayam village and falls under the Arani_Tiruvallur SRO. The land classification is Residential Class IV Type - I.

How the guideline value of Periyapalayam Shri Bhavani Amman Nagar has changed

In the 2007 revision, the guideline value was Rs 100 per sq.ft. This increased to Rs 160 per sq.ft in the 2012 revision, marking a 60% rise. However, in the 2017 revision, the value dropped to Rs 107 per sq.ft, a decrease of 33%. The value then increased significantly to Rs 160 per sq.ft in the 2023 revision, a 50% increase from the previous year. The current guideline value remains at Rs 160 per sq.ft as per the 2024 revision, showing no change from 2023.

The register has no figure for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 60%.

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 of Rs 200 per sq.ft. The guideline value of Periyapalayam Shri Bhavani Amman Nagar is below this median.

Stamp duty and registration fee for property in Periyapalayam Shri Bhavani Amman Nagar

For a 1,000 sq.ft plot at the current rate of Rs 160 per sq.ft, the guideline value totals Rs 1,60,000. The stamp duty at 7% would be Rs 11,200, and the registration fee at 2% would be Rs 3,200, bringing the total to Rs 14,400. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Periyapalayam Shri Bhavani Amman Nagar?

The Sub Registrar Office covering Periyapalayam Shri Bhavani Amman Nagar 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 further assistance.

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

The guideline value is an essential factor in the registration process for property transactions in Periyapalayam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the established values for the area.

When buying or selling property, it's important to understand that the guideline value may influence the overall transaction cost. Buyers should be aware that the stamp duty and registration fees will be calculated on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Periyapalayam Shri Bhavani Amman Nagar?

The current guideline value of Periyapalayam Shri Bhavani Amman Nagar is Rs 160 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 160 per sq.ft in 2023 and 2024. It was Rs 107 per sq.ft in 2017, Rs 160 in 2012, and Rs 100 in 2007.

Which Sub Registrar Office should I visit for property transactions in Periyapalayam?

The Arani_Tiruvallur Sub Registrar Office covers property transactions in Periyapalayam Shri Bhavani Amman Nagar. It is located at No.10, S.p Kovil Street, Arani, Ponneri(tk), Thiruvallur(dt) - 601 101.

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 sale price, whichever is higher, while the registration fee is 2%. For example, a 1,000 sq.ft plot at Rs 160 per sq.ft would incur a total of Rs 14,400 in fees.

What is the land classification for Periyapalayam Shri Bhavani Amman Nagar?

The land classification for Periyapalayam Shri Bhavani Amman Nagar is Residential Class IV Type - I, which indicates the type of development permissible in this area.