Guideline Value for Periyar Nagar 20th Cross Street

Periyar Nagar 20th Cross Street guideline value

The current guideline value of Periyar Nagar 20th Cross Street is Rs 4,200 per sq.ft, effective from 1 July 2024. This street is located in Peravallur village, under the jurisdiction of the Sembiam SRO, and is classified as Mixed Type - I land.

How the guideline value of Periyar Nagar 20th Cross Street has changed

The guideline value for Periyar Nagar 20th Cross Street has undergone several revisions over the years. The earliest recorded value is from 2007, set at Rs 1,000 per sq.ft. This increased significantly to Rs 3,900 per sq.ft in 2012, marking a growth of 290%. However, from 2012 to 2017, the value decreased to Rs 2,613 per sq.ft, a drop of 33%. The value then rose again to Rs 3,900 per sq.ft in 2023, reflecting a 49% increase. The latest revision in 2024 has set the value at Rs 4,200 per sq.ft, an increase of 8% from the previous year.

There are no registered figures for the years 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, with a median value of Rs 3,301 per sq.ft. The guideline value of Periyar Nagar 20th Cross Street is above this median.

• Periyar Nagar 20th Street: Rs 4,200 per sq.ft (2024)
• Periyar Nagar 1st Street: Rs 4,200 per sq.ft (2024)
• Periyar Nagar 21st Street: Rs 4,200 per sq.ft (2024)
• Periyar Nagar 22nd Street: Rs 4,200 per sq.ft (2024)
• Periyar Nagar 2nd Cross Street: Rs 4,200 per sq.ft (2024)
• Periyar Nagar 1st Cross Street: Rs 4,200 per sq.ft (2024)

Stamp duty and registration fee for property in Periyar Nagar 20th 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 would be Rs 42,00,000. The stamp duty at 7% would amount to Rs 2,94,000, and the registration fee at 2% would be Rs 84,000, making the total cost for these fees Rs 3,78,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Periyar Nagar 20th Cross Street?

The Sub Registrar Office that covers Periyar Nagar 20th Cross Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Peravallur. It serves as a benchmark for determining the minimum value at which a property can be registered. This ensures that the transaction reflects a fair value, as the registration process requires adherence to the established guideline values.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This means that understanding the guideline value is essential for both buyers and sellers to avoid any unexpected costs during the registration process.

Frequently asked questions

What is the current guideline value of Periyar Nagar 20th Cross Street?

The current guideline value of Periyar Nagar 20th 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 seen several changes, starting from Rs 1,000 per sq.ft in 2007 to Rs 4,200 per sq.ft in 2024, reflecting an overall increase of 320% from 2007 to 2024.

What is the land classification for Periyar Nagar 20th Cross Street?

Periyar Nagar 20th Cross Street is classified as Mixed Type - I land, which is relevant for understanding its usage and valuation.

Where can I find the Sub Registrar Office for Periyar Nagar 20th Cross Street?

The Sub Registrar Office for Periyar Nagar 20th Cross Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011.

How is the stamp duty calculated for properties in Periyar Nagar 20th Cross Street?

Stamp duty is calculated based on 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.