Guideline Value for Periyar Nagar (Thathankuppam Main Road)

Periyar Nagar (Thathankuppam Main Road) guideline value

The current guideline value of Periyar Nagar (Thathankuppam Main Road) is Rs 3,800 per sq.ft, effective from 1 July 2024. This area is located in Konnur village under the Konnur SRO and is classified as Residential Class II Type - I.

How the guideline value of Periyar Nagar (Thathankuppam Main Road) has changed

The guideline value for Periyar Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 3,500 per sq.ft, which then decreased to Rs 2,345 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 3,500 per sq.ft in the 2023 revision, and finally rose to Rs 3,800 per sq.ft in the 2024 revision, marking a 9% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%, while there was a 33% decrease from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 9%. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Konnur

Konnur village has a total of 249 streets under the Konnur SRO, with the 2024 guideline values ranging from Rs 2,750 to Rs 7,100 per sq.ft. The median guideline value is Rs 3,800 per sq.ft, which is equal to the current value of Periyar Nagar (Thathankuppam Main Road).

• Periyar Nagar 4th Street and other Streets: Rs 3,800 per sq.ft (2024)
• Perumal Koil Madaveethi: Rs 5,500 per sq.ft (2024)
• Pereri Street (Near Balliamman Koil): Rs 3,800 per sq.ft (2024)
• Perumal Koil Street (Sannathi Street): Rs 5,500 per sq.ft (2024)
• Pillaiyar Kovil Street: Rs 5,500 per sq.ft (2024)
• Palliamman Kovil Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Periyar Nagar (Thathankuppam Main Road)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value would be Rs 38,00,000. The stamp duty at 7% would amount to Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, bringing the total fees to Rs 3,42,000. It is important to note that the 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 Nagar (Thathankuppam Main Road)?

The Sub Registrar Office that covers Periyar Nagar is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Konnur. It is used to determine the stamp duty and registration fees that are applicable when buying or selling property in the area.

When registering a property, buyers must pay the stamp duty based on the higher amount between the guideline value and the sale price. This ensures that the government receives the appropriate fees based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Periyar Nagar?

The current guideline value of Periyar Nagar (Thathankuppam Main Road) is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,500 per sq.ft in 2012 to Rs 2,345 per sq.ft in 2017, then to Rs 3,500 per sq.ft in 2023, and finally to Rs 3,800 per sq.ft in 2024.

What is the land classification of Periyar Nagar?

Periyar Nagar is classified as Residential Class II Type - I, which indicates its suitability for residential development.

What are the stamp duty rates for property in Periyar Nagar?

The stamp duty for property in Periyar Nagar is charged at 7% of the guideline value or the sale price, whichever is higher.

Where is the Konnur Sub Registrar Office located?

The Konnur Sub Registrar Office is located at Sub Register Office, Villivakkam Panchat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.