Guideline Value for Periyar Nagar 10th Street

Periyar Nagar 10th Street guideline value

The current guideline value of Periyar Nagar 10th Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Madipakkam-1 village under the Velacheri SRO and falls under the Residential Class I Type - I land classification.

How the guideline value of Periyar Nagar 10th Street has changed

The guideline value register has no figures for Periyar Nagar 10th Street for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision is from 2024, where the guideline value is set at Rs 3,850 per sq.ft.

Since there are no figures available for the previous years, we can only note the current figure from the 2024 revision. There have been no changes between the revisions above.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1,823 streets under the Velacheri SRO that carry a 2024 guideline value ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,750 per sq.ft, placing Periyar Nagar 10th Street's 2024 figure above that median.

• Periyar Nagar: Rs 3,850 per sq.ft (2024)
• Periyar Naga 2nd Extension 5th Cross Street: Rs 3,850 per sq.ft (2024)
• Periyar Nagar 1st Cross Street: Rs 3,850 per sq.ft (2024)
• Periyar Nagar 1st Street: Rs 3,850 per sq.ft (2024)
• Periyar Nagar-2/Jeeva Avenue 7th Street: Rs 3,850 per sq.ft (2024)
• Periyar Nagar 2nd Street: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Periyar Nagar 10th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, making the total cost Rs 3,46,500. Duty is charged on the guideline value or the sale price, whichever is higher.

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

Which Sub Registrar Office covers Periyar Nagar 10th Street?

The Sub Registrar Office that covers Periyar Nagar 10th Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Madipakkam-1

The guideline value is an essential figure used during property registration in Madipakkam-1. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the appropriate taxes are paid based on the property's value.

When buying or selling property, the guideline value helps determine the minimum price at which a property can be registered. This ensures transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Periyar Nagar 10th Street?

The current guideline value of Periyar Nagar 10th Street is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value register has no figures for Periyar Nagar 10th Street for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision, which is Rs 3,850 per sq.ft.

What is the land classification for Periyar Nagar 10th Street?

Periyar Nagar 10th Street falls under the Residential Class I Type - I land classification. This classification indicates the type of residential development allowed in this area.

What are the stamp duty and registration fees for property in Periyar Nagar 10th Street?

For a property valued at Rs 38,50,000, the stamp duty would be Rs 2,69,500, and the registration fee would be Rs 77,000, totaling Rs 3,46,500. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Periyar Nagar 10th Street located?

The Velacheri Sub Registrar Office, which covers Periyar Nagar 10th Street, is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. This office handles the registration of property transactions in the area.