Guideline Value for Periyar Nagar 11th Cross Street

Periyar Nagar 11th Cross Street guideline value

The current guideline value of Periyar Nagar 11th Cross Street is Rs 4,200 per sq.ft, effective from 1 July 2024. This street is located in Peravallur village under the Sembiam SRO, classified as Mixed Type - I land.

How the guideline value of Periyar Nagar 11th Cross Street has changed

Looking at the historical revisions, the guideline value for this street has seen significant changes over the years. In 2007, the value was Rs 1,000 per sq.ft, which increased dramatically to Rs 3,900 per sq.ft in 2012. However, there was a decrease to Rs 2,613 per sq.ft in 2017. The value then rose to Rs 3,900 per sq.ft in 2023, before reaching the current rate of Rs 4,200 per sq.ft in 2024.

The changes between these revisions are notable. From 2007 to 2012, there was an increase of 290%. This was followed by a decrease of 33% from 2012 to 2017. Then, from 2017 to 2023, the value increased by 49%. Finally, the increase from 2023 to 2024 is 8%. Overall, from 2007 to 2024, the guideline value has risen 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 is Rs 3,301 per sq.ft, placing Periyar Nagar 11th Cross Street above this median.

• Periyar Nagar 10th 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 10th 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 11th Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 4,200 per sq.ft, the 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. Together, the total cost for these fees would be Rs 3,78,000. It is important to note that the 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 details.

Which Sub Registrar Office covers Periyar Nagar 11th Cross Street?

The Sub Registrar Office that covers Periyar Nagar 11th Cross 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 is a crucial factor during the registration of property transactions in Peravallur. It serves as a benchmark for determining the minimum price at which property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps both buyers and sellers understand the market standards for property prices in the area. It is essential to be aware of these values to ensure compliance with legal requirements during property transactions.

Frequently asked questions

What is the current guideline value of Periyar Nagar 11th Cross Street?

The current guideline value of Periyar Nagar 11th Cross 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 changed significantly, starting from Rs 1,000 per sq.ft in 2007 to Rs 4,200 per sq.ft in 2024, reflecting an overall increase of 320% over the years.

What is the land classification for Periyar Nagar 11th Cross Street?

Periyar Nagar 11th Cross Street is classified as Mixed Type - I land, which indicates a blend of residential and commercial use.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in Periyar Nagar 11th Cross Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sembiam Sub Registrar Office?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011. It is the office that covers the registration for Periyar Nagar 11th Cross Street.