Guideline Value for Periyar Nagar 13th Street

Periyar Nagar 13th Street guideline value

The current guideline value of Periyar Nagar 13th Street is Rs 4,200 per sq.ft, effective from 1 July 2024. This street is located in Peravallur village and falls under the Sembiam SRO. The land classification for this area is Mixed Type - I.

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

The guideline value for Periyar Nagar 13th 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, marking a rise of 290%. However, from 2012 to 2017, the value decreased to Rs 2,613 per sq.ft, reflecting a decline of 33%. The value then saw a substantial increase to Rs 3,900 per sq.ft in 2023, followed by an increase to Rs 4,200 per sq.ft in 2024, which is an 8% rise.

Overall, from 2007 to 2024, the guideline value has increased by 320%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Peravallur

In Peravallur, there are 423 streets under the Sembiam SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 7,100 per sq.ft. The median value for these streets is Rs 3,301 per sq.ft, indicating that the guideline value of Periyar Nagar 13th Street is above this median.

• Periyar Nagar 13th Cross Street: Rs 4,200 per sq.ft (2024)
• Periyar Nagar 14th Cross Street: Rs 4,200 per sq.ft (2024)
• Periyar Nagar 12th Street: Rs 4,200 per sq.ft (2024)
• Periyar Nagar 14th Street: Rs 4,200 per sq.ft (2024)
• Periyar Nagar 12th Cross Street: Rs 4,200 per sq.ft (2024)
• Periyar Nagar 15th Cross Street: Rs 4,200 per sq.ft (2024)

Stamp duty and registration fee for property in Periyar Nagar 13th 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, bringing the total fees together to Rs 3,78,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Periyar Nagar 13th Street?

The Sub Registrar Office that covers Periyar Nagar 13th 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 process when buying or selling property in Peravallur. It serves as a benchmark for determining the minimum value of a property, ensuring that transactions are conducted transparently and fairly.

When registering a property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial obligations associated with the transaction.

Frequently asked questions

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

The current guideline value of Periyar Nagar 13th 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 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 median guideline value in Peravallur?

The median guideline value for streets in Peravallur is Rs 3,301 per sq.ft, which is below the current guideline value of Periyar Nagar 13th Street.

What are the stamp duty and registration fees for a property in Periyar Nagar 13th Street?

For a property valued at Rs 42,00,000, the stamp duty would be Rs 2,94,000 and the registration fee would be Rs 84,000, totaling Rs 3,78,000.

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

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