Guideline Value for Periyar Nagar 18th Street

Periyar Nagar 18th Street guideline value

The current guideline value of Periyar Nagar 18th 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 falls under the Mixed Type - I land classification.

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

The guideline value for Periyar Nagar 18th Street has seen several revisions over the years. In 2007, the guideline value was Rs 1,000 per sq.ft, which increased significantly to Rs 3,900 per sq.ft in 2012. However, it then decreased to Rs 2,613 per sq.ft in 2017. The value then rose to Rs 3,900 per sq.ft in 2023, and most recently, it has been revised to Rs 4,200 per sq.ft in 2024. The register has no figures for the years 2002 and 2003.

Between these revisions, the changes were as follows: from 2007 to 2012, there was an increase of 290%; from 2012 to 2017, a decrease of 33%; from 2017 to 2023, an increase of 49%; and from 2023 to 2024, an increase of 8%. 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 of Rs 4,200 per sq.ft for Periyar Nagar 18th Street is above this median.

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

Stamp duty and registration fee for property in Periyar Nagar 18th 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 cost for these fees to 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 also use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Periyar Nagar 18th Street?

The Sub Registrar Office that covers Periyar Nagar 18th 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 serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the official rates set by the government.

When a property is registered, the guideline value is used to ascertain the minimum value for taxation purposes. Buyers and sellers should be aware that the stamp duty is charged on the higher of the guideline value or the sale price, which can affect the overall cost of the transaction.

Frequently asked questions

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

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

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.

Which office handles property registrations for Periyar Nagar 18th Street?

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

What is the land classification for Periyar Nagar 18th Street?

Periyar Nagar 18th Street is classified as Mixed Type - I, indicating a blend of residential and commercial uses in the area.