Guideline Value for Periyar 6th Street

Periyar 6th Street guideline value

The current guideline value of Periyar 6th Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Chitlapakkam village, under the Tambaram Joint 1 SRO, and is classified as Residential Class I Type - III.

How the guideline value of Periyar 6th Street has changed

The guideline value for Periyar 6th Street 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 was adjusted to Rs 1,005 per sq.ft, reflecting a decrease of 33%. In 2023, the value increased significantly to Rs 1,500 per sq.ft, and the latest revision in 2024 has raised it to Rs 1,650 per sq.ft, marking a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

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 guideline value for these streets is Rs 1,650 per sq.ft, which is equal to the current value for Periyar 6th Street.

• Periyar 6-th Cross St: Rs 1,650 per sq.ft (2024)
• Periyar 7-th Cross St: Rs 1,650 per sq.ft (2024)
• Periyar 5th Street: Rs 1,650 per sq.ft (2024)
• Periyar 7th Street: Rs 1,650 per sq.ft (2024)
• Periyar 5-th Cross St: Rs 1,650 per sq.ft (2024)
• Periyar 8-th Cross St: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Periyar 6th Street

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

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

Which Sub Registrar Office covers Periyar 6th Street?

The Sub Registrar Office that covers Periyar 6th Street 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 is a crucial factor when registering property in Chitlapakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction process.

When buying or selling property, the guideline value helps ensure that the transaction is recorded at a fair value, which is essential for both buyers and sellers. It is important to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Periyar 6th Street?

The current guideline value of Periyar 6th Street 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 adjustments in between, including a decrease in 2017 and increases in subsequent revisions.

What is the median guideline value in Chitlapakkam?

The median guideline value for the 548 streets in Chitlapakkam under the Tambaram Joint 1 SRO is Rs 1,650 per sq.ft, which is the same as the current guideline value for Periyar 6th Street.

What fees are associated with buying property in Periyar 6th Street?

When buying property, you will need to pay stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

Where can I find more information about the Sub Registrar Office?

The Tambaram Joint 1 Sub Registrar Office covers Periyar 6th Street, and you can find more information about it at the provided link to locate your SRO.