Guideline Value for Periyar Street(V.L. Puram)

Periyar Street(V.L. Puram) guideline value

The current guideline value of Periyar Street(V.L. Puram) is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village under the Ambattur SRO, with a land classification of Residential Special Type - I.

How the guideline value of Periyar Street(V.L. Puram) has changed

The guideline value for Periyar Street(V.L. Puram) has seen several revisions over the years. In the 2007 revision, the value was Rs 600 per sq.ft, which increased significantly to Rs 2,200 per sq.ft in the 2012 revision, marking a 267% increase. However, this value then decreased to Rs 1,474 per sq.ft in the 2017 revision, a decline of 33%. The 2023 revision saw the value rise again to Rs 2,200 per sq.ft, and the most recent 2024 revision has set it at Rs 2,400 per sq.ft, reflecting a 9% increase from the previous year.

It is important to note that the guideline register has no figures for the years 2002 and 2003 for this street. Overall, from the 2007 revision to the current 2024 figure, the guideline value has increased by 300%.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 3,500 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Periyar Street(V.L. Puram) above this median with its current value of Rs 2,400 per sq.ft.

• Periyar Street (Venkateswara Nagar): Rs 1,600 per sq.ft (2024)
• Periyar Street (A.K.A.Nagar): Rs 1,400 per sq.ft (2024)
• Perumal Koil Street (Banu Nagar West): Rs 2,200 per sq.ft (2024)
• Perumal Koil Street Gandhi Nagar: Rs 1,800 per sq.ft (2024)
• Perumal Koil Street (S.No.69): Rs 1,300 per sq.ft (2024)
• Perumal Koil Street (S.V.Nagar): Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in Periyar Street(V.L. Puram)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value would be Rs 24,00,000. The stamp duty at 7% would amount to Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, making the total cost for these fees Rs 2,16,000. It is important to note that stamp 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 information.

Which Sub Registrar Office covers Periyar Street(V.L. Puram)?

The Sub Registrar Office that covers Periyar Street(V.L. Puram) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Oragadam. It serves as a reference point for determining the applicable stamp duty and registration fees during the registration process. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations and to calculate the financial implications of the transaction.

When a property is registered, the guideline value is used to assess the stamp duty, which is charged on the higher of the guideline value or the sale price. This ensures that the transaction is recorded accurately and that the appropriate taxes are collected by the government.

Frequently asked questions

What is the current guideline value of Periyar Street(V.L. Puram)?

The current guideline value of Periyar Street(V.L. Puram) is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has undergone several revisions, increasing from Rs 600 per sq.ft in 2007 to Rs 2,400 per sq.ft in 2024, which is a 300% increase overall.

What is the registration office for Periyar Street(V.L. Puram)?

The registration office for Periyar Street(V.L. Puram) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated for properties in Periyar Street(V.L. Puram)?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 24,00,000, the stamp duty would be Rs 1,68,000 at 7%.

What is the land classification of Periyar Street(V.L. Puram)?

The land classification of Periyar Street(V.L. Puram) is Residential Special Type - I, which is relevant for determining the guideline value and applicable regulations.