Guideline Value for Periyar Nagar 10th Street

Periyar Nagar 10th Street guideline value

The current guideline value of Periyar Nagar 10th Street is Rs 4,200 per sq.ft, effective from 1 July 2024. This street is located in Peravallur village, under the Sembiam SRO, and is classified as Mixed Type - I land.

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

The guideline value for Periyar Nagar 10th Street has undergone several revisions over the years. In 2007, the value was Rs 1,000 per sq.ft, which increased significantly to Rs 3,900 per sq.ft in 2012. However, it saw a decrease of 33% to Rs 2,613 per sq.ft in 2017. The value then surged by 49% to Rs 3,900 per sq.ft in 2023, and currently stands at Rs 4,200 per sq.ft after an 8% increase in the 2024 revision.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 320%.

Guideline values in Peravallur

In Peravallur, there are 423 streets under the Sembiam SRO, with guideline values ranging from Rs 2,200 to Rs 7,100 per sq.ft. The median guideline value in this area is Rs 3,301 per sq.ft, making the 2024 figure for Periyar Nagar 10th Street above this median.

• Periyar Nagar 11th Cross Street: Rs 4,200 per sq.ft (2024)
• Periyar Nagar 10th Cross Street: Rs 4,200 per sq.ft (2024)
• Periyar Nagar 11th Street: Rs 4,200 per sq.ft (2024)
• Periyar Nagar 12th Cross Street: Rs 4,200 per sq.ft (2024)
• Periyar Nagar 12th Street: Rs 4,200 per sq.ft (2024)
• Periyar Nagar 13th Cross Street: Rs 4,200 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 4,200 per sq.ft, the total guideline value would be Rs 42,00,000. The stamp duty at 7% would amount to Rs 2,94,000, and the registration fee at 2% would be Rs 84,000, making the total cost for these fees Rs 3,78,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Periyar Nagar 10th Street?

The Sub Registrar Office that covers Periyar Nagar 10th Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

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

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

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the stamp duty. This ensures that the fees reflect the true value of the property being transacted.

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 4,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, starting from Rs 1,000 per sq.ft in 2007 to Rs 4,200 per sq.ft in 2024, marking an overall increase of 320% since 2007.

What are the stamp duty and registration fees for property in this area?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 42,00,000, the total fees would amount to Rs 3,78,000.

Which office handles property registrations in Periyar Nagar?

The Sembiam Sub Registrar Office handles property registrations for Periyar Nagar 10th Street, located at 5, Papermills Road, Sembiam, Chennai - 600011.

How is the guideline value determined for properties in Peravallur?

The guideline value is determined by the Registration Department and varies based on the location and property type. It is used to calculate the stamp duty and registration fees during property transactions.