Guideline Value for Periyar 3-rd Cross St

Periyar 3-rd Cross St guideline value

The current guideline value of Periyar 3-rd Cross St is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Chitlapakkam village and falls under the Tambaram Joint 1 SRO with a land classification of Residential Class I Type - III.

How the guideline value of Periyar 3-rd Cross St has changed

The guideline value for Periyar 3-rd Cross St has seen several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 1,005 per sq.ft. In 2023, the value increased to Rs 1,500 per sq.ft, and the most recent revision in 2024 raised it to Rs 1,650 per sq.ft.

From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. The overall change from 2012 to 2024 shows a rise of 10%, with the latest revision reflecting a 10% increase from the previous year.

Guideline values in Chitlapakkam

In Chitlapakkam, there are 548 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median value among these streets is Rs 1,650 per sq.ft, which aligns with the current guideline value of Periyar 3-rd Cross St.

• Periyar 2nd Street: Rs 1,650 per sq.ft (2024)
• Periyar 3rd Street: Rs 1,650 per sq.ft (2024)
• Periyar 4-th Cross St: Rs 1,650 per sq.ft (2024)
• Periyar 2-nd Cross St: Rs 1,650 per sq.ft (2024)
• Periyar 4th Street: Rs 1,650 per sq.ft (2024)
• Periyar 5-th Cross St: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Periyar 3-rd Cross St

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total fees to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Periyar 3-rd Cross St?

The Sub Registrar Office that covers Periyar 3-rd Cross St is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Chitlapakkam, the guideline value plays a crucial role in determining the stamp duty and registration fees. The guideline value is used as a reference point for these calculations, ensuring that the fees are based on a standardized value set by the authorities.

It is essential for buyers and sellers to be aware of the current guideline value, as it impacts the overall cost of property transactions. Understanding the guideline value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Periyar 3-rd Cross St?

The current guideline value of Periyar 3-rd Cross St is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

Where can I find the Sub Registrar Office for Periyar 3-rd Cross St?

The Sub Registrar Office for Periyar 3-rd Cross St is located at No.26, Mes Road, East Tambaram, Chennai-600059, under the Tambaram Joint 1 SRO.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7%, and the registration fee is charged at 2% of the guideline value or the sale price, whichever is higher.

How does the guideline value affect property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It serves as a reference point to ensure that fees are based on a standardized value set by the authorities.