Guideline Value for Periyar 6-th Cross St

Periyar 6-th Cross St guideline value

The current guideline value of Periyar 6-th 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. The land classification for this area is Residential Class I Type - III.

How the guideline value of Periyar 6-th Cross St has changed

In the 2012 revision, the guideline value was Rs 1,500 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 1,005 per sq.ft, reflecting a drop of 33%. The value increased significantly in the following years, reaching Rs 1,500 per sq.ft in the 2023 revision and then rising to Rs 1,650 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Between the 2017 and 2023 revisions, the guideline value saw a notable increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

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 is the same as the guideline value for Periyar 6-th Cross St.

• Periyar 5th Street: Rs 1,650 per sq.ft (2024)
• Periyar 6th Street: Rs 1,650 per sq.ft (2024)
• Periyar 5-th Cross St: Rs 1,650 per sq.ft (2024)
• Periyar 7-th Cross St: Rs 1,650 per sq.ft (2024)
• Periyar 4th Street: Rs 1,650 per sq.ft (2024)
• Periyar 7th Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Periyar 6-th 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 cost to Rs 1,48,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Periyar 6-th Cross St?

The Sub Registrar Office that covers Periyar 6-th 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

The guideline value serves as a benchmark for property registration in Chitlapakkam. When buying or selling property, this value is utilized to determine the stamp duty and registration fees that need to be paid at the time of registration.

It is essential for buyers and sellers to be aware of the guideline value, as it directly impacts the financial aspects of property transactions, ensuring compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Periyar 6-th Cross St?

The current guideline value of Periyar 6-th 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 1,650 per sq.ft in 2024, with various fluctuations in between, including a drop to Rs 1,005 per sq.ft in 2017.

What is the land classification for Periyar 6-th Cross St?

Periyar 6-th Cross St is classified as Residential Class I Type - III, which indicates its suitability for residential development.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500, and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Which office handles registrations for Periyar 6-th Cross St?

The Tambaram Joint 1 Sub Registrar Office handles registrations for Periyar 6-th Cross St, located at No.26, Mes Road, East Tambaram, Chennai-600059.