Guideline Value for Periyar Nagar 13th Cross Street

Periyar Nagar 13th Cross Street guideline value

The current guideline value of Periyar Nagar 13th 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.

How the guideline value of Periyar Nagar 13th Cross Street has changed

Over the years, the guideline value for Periyar Nagar 13th Cross Street has seen significant changes. The earliest recorded revision is from 2007, where the guideline value was Rs 1,000 per sq.ft. This figure increased to Rs 3,900 per sq.ft in 2012, marking a substantial rise of 290%. However, it then decreased to Rs 2,613 per sq.ft in 2017, reflecting a decline of 33%. The value continued to rise, reaching Rs 3,900 per sq.ft in 2023, and finally settling at Rs 4,200 per sq.ft in the 2024 revision, which is an increase of 8% from the previous year.

There are no figures available for the years 2002 and 2003 in the register 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 that carry a 2024 guideline value ranging from Rs 2,200 to Rs 7,100 per sq.ft, with a median value of Rs 3,301 per sq.ft. The guideline value for Periyar Nagar 13th Cross Street is above this median.

• Periyar Nagar 11th Street: Rs 4,200 per sq.ft (2024)
• Periyar Nagar 12th Street: Rs 4,200 per sq.ft (2024)
• Periyar Nagar 12th Cross Street: Rs 4,200 per sq.ft (2024)
• Periyar Nagar 13th Street: Rs 4,200 per sq.ft (2024)
• Periyar Nagar 14th Cross Street: Rs 4,200 per sq.ft (2024)
• Periyar Nagar 14th Street: Rs 4,200 per sq.ft (2024)

Stamp duty and registration fee for property in Periyar Nagar 13th Cross 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, charged at 7%, would amount to Rs 2,94,000, while the registration fee at 2% would be Rs 84,000. Therefore, the total cost for stamp duty and registration would be Rs 3,78,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Periyar Nagar 13th Cross Street?

The Sub Registrar Office that covers Periyar Nagar 13th Cross Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more details.

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

The guideline value plays a crucial role during property transactions in Peravallur. It is used to determine the minimum value at which a property can be registered. This value is essential for calculating stamp duty and registration fees, which are mandatory during the registration process.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair price, preventing undervaluation. Buyers and sellers should be aware of the current guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Periyar Nagar 13th Cross Street?

The current guideline value of Periyar Nagar 13th 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 from Rs 1,000 per sq.ft in 2007 to Rs 4,200 per sq.ft in 2024, marking an overall increase of 320% over the years.

What is the median guideline value for streets in Peravallur?

The median guideline value for streets in Peravallur is Rs 3,301 per sq.ft, with Periyar Nagar 13th Cross Street's value being above this median.

What are the registration fees for property in Periyar Nagar 13th Cross Street?

The registration fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Periyar Nagar 13th Cross Street located?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011, covering the registration for Periyar Nagar 13th Cross Street.