Guideline Value for Periyar Nagar 19th Cross Street

Periyar Nagar 19th Cross Street guideline value

The current guideline value of Periyar Nagar 19th 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, and is classified as Mixed Type - I land.

How the guideline value of Periyar Nagar 19th Cross Street has changed

The guideline value for Periyar Nagar 19th 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, it decreased to Rs 2,613 per sq.ft in 2017. The value then rose sharply to Rs 3,900 per sq.ft in 2023, and currently stands at Rs 4,200 per sq.ft as of the 2024 revision.

From 2023 to 2024, the guideline value increased by 8%. Between 2017 and 2023, there was a notable increase of 49%. The period from 2012 to 2017 saw a decrease of 33%, while from 2007 to 2012, the value surged by 290%. Overall, from 2007 to 2024, the guideline value has increased by 320%. The register has no figure for the years 2002 and 2003 for this street.

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 19th Cross Street is above this median.

• Periyar Nagar 18th Street: Rs 4,200 per sq.ft (2024)
• Periyar Nagar 19th Street: Rs 4,200 per sq.ft (2024)
• Periyar Nagar 18th Cross Street: Rs 4,200 per sq.ft (2024)
• Periyar Nagar 17th 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 19th 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, 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 our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Periyar Nagar 19th Cross Street?

The Sub Registrar Office that covers Periyar Nagar 19th Cross Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Peravallur. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is in line with the official valuation set by the government.

When a property is registered, the guideline value is considered to ensure that the transaction reflects a fair value according to the prevailing rates. This helps in maintaining transparency and compliance with legal requirements in real estate transactions.

Frequently asked questions

What is the current guideline value of Periyar Nagar 19th Cross Street?

The current guideline value of Periyar Nagar 19th 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 is the classification of land in Periyar Nagar 19th Cross Street?

The land classification for Periyar Nagar 19th Cross Street is Mixed Type - I.

Where is the Sembiam Sub Registrar Office located?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011.

How is the stamp duty calculated for properties in Periyar Nagar 19th Cross Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 4,200 per sq.ft, the stamp duty would be Rs 2,94,000.