Guideline Value for Periyar Nagar 17th Street

Periyar Nagar 17th Street guideline value

The current guideline value of Periyar Nagar 17th 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 17th Street has changed

The guideline value for Periyar Nagar 17th Street has seen significant changes over the years. In the 2007 revision, the guideline value was Rs 1,000 per sq.ft, which increased to Rs 3,900 per sq.ft in the 2012 revision, marking a rise of 290%. However, the value then decreased to Rs 2,613 per sq.ft in the 2017 revision, a decline of 33%. The next revision in 2023 saw the value increase to Rs 3,900 per sq.ft, and the most recent revision in 2024 set it at Rs 4,200 per sq.ft, reflecting an 8% increase from the previous year.

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 that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 7,100 per sq.ft. The median guideline value for these streets is Rs 3,301 per sq.ft, indicating that the guideline value of Periyar Nagar 17th Street is above this median.

• Periyar Nagar 17th Cross Street: Rs 4,200 per sq.ft (2024)
• Periyar Nagar 18th Cross Street: Rs 4,200 per sq.ft (2024)
• Periyar Nagar 16th Street: Rs 4,200 per sq.ft (2024)
• Periyar Nagar 18th Street: Rs 4,200 per sq.ft (2024)
• Periyar Nagar 16th Cross Street: Rs 4,200 per sq.ft (2024)
• Periyar Nagar 19th Cross Street: Rs 4,200 per sq.ft (2024)

Stamp duty and registration fee for property in Periyar Nagar 17th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,200 per sq.ft, the total guideline value amounts to Rs 42,00,000. The stamp duty at 7% would be Rs 2,94,000, and the registration fee at 2% would be Rs 84,000, totaling Rs 3,78,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Periyar Nagar 17th Street?

The Sub Registrar Office that covers Periyar Nagar 17th 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 an essential factor in the registration process when buying or selling property in Peravallur. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

Frequently asked questions

What is the current guideline value of Periyar Nagar 17th Street?

The current guideline value of Periyar Nagar 17th 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%.

What are the other streets in Peravallur with the same guideline value?

Other streets in Peravallur with the same guideline value of Rs 4,200 per sq.ft include Periyar Nagar 17th Cross Street, Periyar Nagar 18th Cross Street, Periyar Nagar 16th Street, Periyar Nagar 18th Street, Periyar Nagar 16th Cross Street, and Periyar Nagar 19th Cross Street.

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

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

Which office handles registrations for Periyar Nagar 17th Street?

The Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011, handles registrations for Periyar Nagar 17th Street.