Guideline Value for Periyar Nagar 18th Cross Street

Periyar Nagar 18th Cross Street guideline value

The current guideline value of Periyar Nagar 18th Cross 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, classified as Mixed Type - I land.

How the guideline value of Periyar Nagar 18th Cross Street has changed

The guideline value for Periyar Nagar 18th Cross Street has seen 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, this figure dropped to Rs 2,613 per sq.ft in 2017, marking a decrease of 33%. From 2017 to 2023, the value increased by 49% to reach Rs 3,900 per sq.ft, and the most recent revision in 2024 set the value at Rs 4,200 per sq.ft, reflecting an 8% increase 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 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, placing Periyar Nagar 18th Cross Street above this median.

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

Stamp duty and registration fee for property in Periyar Nagar 18th 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 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, bringing the total fees to 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 use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Periyar Nagar 18th Cross Street?

The Sub Registrar Office that covers Periyar Nagar 18th 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 stamp duty and registration fees that buyers must pay when purchasing a property.

When selling a property, the guideline value ensures that the transaction is recorded at a fair value, which helps maintain transparency in property dealings. Buyers and sellers should be aware of the current guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Periyar Nagar 18th Cross Street?

The current guideline value of Periyar Nagar 18th 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 increased 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 are the stamp duty and registration fees for properties in this area?

For a 1,000 sq.ft plot valued at Rs 4,200 per sq.ft, the total stamp duty would be Rs 2,94,000 and the registration fee would be Rs 84,000, totaling Rs 3,78,000.

Which Sub Registrar Office handles registrations in Periyar Nagar 18th Cross Street?

The Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011, handles registrations for Periyar Nagar 18th Cross Street.

What is the land classification of Periyar Nagar 18th Cross Street?

Periyar Nagar 18th Cross Street is classified as Mixed Type - I land according to the guidelines set by the registration department.