Guideline Value

Corporate

Guideline Value for Periyar Nagar 1st Main Road

₹3850/sq.ft.

The guideline value for Periyar Nagar 1st Main Road in Velachery village (Velacheri SRO, Chennai zone) is Rs 3850 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Velachery

Village

Velacheri

SRO

Residential Class II Type - III
History
Period Guideline Value
From 1-7-2024 ₹3850 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042
044-22553736
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Periyar Nagar 1st Main Road

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Periyar Nagar 1st Main Road guideline value

The current guideline value of Periyar Nagar 1st Main Road is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Velachery village and falls under the Velacheri SRO. The land classification for this area is Residential Class II Type - III.

How the guideline value of Periyar Nagar 1st Main Road has changed

The guideline value for Periyar Nagar 1st Main Road has undergone several revisions over the years. The earliest available figure is from the 2017 revision, which set the value at Rs 2,345 per sq.ft. Following this, the 2024 revision increased the guideline value to Rs 3,850 per sq.ft, marking a significant change of +64% from the previous figure.

There are no figures available for the years 2023, 2012, 2007, 2003, and 2002 in the register for this street.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median value for these streets is Rs 4,400 per sq.ft, placing Periyar Nagar 1st Main Road's 2024 figure below that median.

Stamp duty and registration fee for property in Periyar Nagar 1st Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value would be Rs 38,50,000. The stamp duty at 7% would amount to Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, totaling Rs 3,46,500. Please 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 information.

Which Sub Registrar Office covers Periyar Nagar 1st Main Road?

The Sub Registrar Office that covers Periyar Nagar 1st Main Road is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Velachery. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is sold, the buyer must pay the stamp duty based on the higher value between the guideline value and the sale price. This ensures that the transaction is recorded accurately and that the appropriate taxes are collected.

Frequently asked questions

What is the current guideline value of Periyar Nagar 1st Main Road?

The current guideline value of Periyar Nagar 1st Main Road is Rs 3,850 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value changed from Rs 2,345 per sq.ft in 2017 to Rs 3,850 per sq.ft in 2024, which is an increase of +64%.

Are there any years with no guideline value figures for this street?

Yes, there are no figures available for the years 2023, 2012, 2007, 2003, and 2002 in the register for Periyar Nagar 1st Main Road.

What is the median guideline value for streets in Velachery?

The median guideline value for streets in Velachery is Rs 4,400 per sq.ft, which is higher than the current value of Periyar Nagar 1st Main Road.

Where can I find the Sub Registrar Office for Periyar Nagar 1st Main Road?

The Velacheri Sub Registrar Office covers Periyar Nagar 1st Main Road, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.