Guideline Value for Periyar 3rd Cross Street

Periyar 3rd Cross Street guideline value

The current guideline value of Periyar 3rd Cross Street is Rs 2,420 per sq.ft, effective from 1 July 2024. This street is located in Thiruneermalai village, under the Pammal SRO, and is classified as Residential Class I Type - I.

How the guideline value of Periyar 3rd Cross Street has changed

The guideline value of Periyar 3rd Cross Street has seen several revisions over the years. The oldest recorded figure is from the 2017 revision at Rs 1,474 per sq.ft. This increased to Rs 2,200 per sq.ft in the 2023 revision, marking a significant rise of 49%. The latest revision in 2024 set the guideline value at Rs 2,420 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has risen by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thiruneermalai

In Thiruneermalai, there are 316 streets under the Pammal SRO, with guideline values ranging from Rs 1,320 to Rs 6,240 per sq.ft. The median guideline value is Rs 2,420 per sq.ft, which is the same as the current value for Periyar 3rd Cross Street.

• Periyar 2nd Street: Rs 2,420 per sq.ft (2024)
• Periyar 2nd Cross Street: Rs 2,420 per sq.ft (2024)
• Periyar 1st Street: Rs 2,420 per sq.ft (2024)
• Periyar 1st Cross Street: Rs 2,420 per sq.ft (2024)
• Periayar Street / Lakshmipuram: Rs 2,860 per sq.ft (2024)
• Periayar Street / Durga Nagar: Rs 2,420 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,420 per sq.ft, the total guideline value would be Rs 24,20,000. The stamp duty at 7% would amount to Rs 1,69,400, while the registration fee at 2% would be Rs 48,400, bringing the total cost to Rs 2,17,800. Duty is charged on the higher of the guideline value and the sale price.

You can also use the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Periyar 3rd Cross Street?

The Sub Registrar Office that covers Periyar 3rd Cross Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 Thiruneermalai

The guideline value is a crucial factor in property transactions in Thiruneermalai, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value during negotiations and ensure that the sale price meets or exceeds the guideline value to avoid issues during registration.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transaction. This ensures that the property is legally recognized and that all due taxes are paid to the government.

Frequently asked questions

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

The current guideline value of Periyar 3rd Cross Street is Rs 2,420 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,474 per sq.ft in 2017 to Rs 2,420 per sq.ft in 2024, marking an overall increase of 64% over these years.

What is the stamp duty rate for properties in Periyar 3rd Cross Street?

The stamp duty rate for properties in Periyar 3rd Cross Street is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office located?

The Sub Registrar Office for Periyar 3rd Cross Street is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the median guideline value in Thiruneermalai?

The median guideline value in Thiruneermalai is Rs 2,420 per sq.ft, which is the same as the current guideline value for Periyar 3rd Cross Street.