Guideline Value for Periyar Kudiyirupu

Periyar Kudiyirupu guideline value

The current guideline value of Periyar Kudiyirupu is Rs 1,200 per sq.ft, effective from 1 July 2024. This area is located in Kavanur village under the Gooduvancheri SRO, classified as Residential Special Type - I.

How the guideline value of Periyar Kudiyirupu has changed

The guideline value for Periyar Kudiyirupu has undergone several revisions over the years. In 2012, the guideline value was set at Rs 1,200 per sq.ft. This remained unchanged until the 2017 revision, where it dropped to Rs 804 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 1,200 per sq.ft. The 2024 revision maintains this value, showing no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Therefore, the only revisions with recorded values are from 2012, 2017, 2023, and 2024.

Guideline values in Kavanur

Kavanur village has a total of 109 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 500 to Rs 2,239 per sq.ft. The median value for these streets is Rs 800 per sq.ft, placing the 2024 guideline value of Periyar Kudiyirupu above this median.

• Peruvazhi Nagar: Rs 800 per sq.ft (2024)
• Pillaiyar Koil Street: Rs 700 per sq.ft (2024)
• Parameshwari Amman Nagar: Rs 600 per sq.ft (2024)
• Padavattamman Koil Street: Rs 747 per sq.ft (2024)
• Punal Nagar: Rs 600 per sq.ft (2024)
• New Chennai City Phase - I: Rs 670 per sq.ft (2024)

Stamp duty and registration fee for property in Periyar Kudiyirupu

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, totaling Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Periyar Kudiyirupu?

The Sub Registrar Office that covers Periyar Kudiyirupu is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kavanur. It serves as a benchmark to determine the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value according to government standards.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the region.

Frequently asked questions

What is the current guideline value of Periyar Kudiyirupu?

The current guideline value of Periyar Kudiyirupu is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revision in 2024 maintaining the value at Rs 1,200 per sq.ft. The value was Rs 804 per sq.ft in 2017, showing a significant increase of 49% by 2023.

What are the stamp duty rates for property transactions in Periyar Kudiyirupu?

The stamp duty for property transactions in Periyar Kudiyirupu is charged at 7% of the guideline value or sale price, whichever is higher. Registration fees are charged at 2% of the guideline value.

Which office do I need to visit for property registration in Periyar Kudiyirupu?

The Gooduvancheri Sub Registrar Office is responsible for property registration in Periyar Kudiyirupu. It is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202.

What is the significance of the guideline value?

The guideline value is used to determine the minimum registration value for properties in Kavanur. It helps in calculating the stamp duty and registration fees during property transactions, ensuring compliance with government regulations.