Guideline Value for Periyar Nagar 20th Street

Periyar Nagar 20th Street guideline value

The current guideline value of Periyar Nagar 20th 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 Sub Registrar Office (SRO). The land classification for this area is Mixed Type - I.

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

The guideline value for Periyar Nagar 20th Street has seen significant changes over the years. The earliest recorded revision is from 2007, where the value was Rs 1,000 per sq.ft. This increased to Rs 3,900 per sq.ft in 2012, marking a substantial rise of 290%. However, from 2012 to 2017, the value decreased to Rs 2,613 per sq.ft, reflecting a decline of 33%. The value then rose again to Rs 3,900 per sq.ft in 2023, and most recently to Rs 4,200 per sq.ft in 2024, which represents an increase of 8% from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 320%. The register does not have figures 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 guideline value for 2024, ranging from Rs 2,200 to Rs 7,100 per sq.ft. The median guideline value in this area is Rs 3,301 per sq.ft, indicating that the 2024 figure for Periyar Nagar 20th Street is above the median.

• Periyar Nagar 20th Cross 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 1st 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 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, bringing the total 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.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Periyar Nagar 20th Street?

The Sembiam Sub Registrar Office covers Periyar Nagar 20th Street, and its address is 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 plays a crucial role in the registration process when buying or selling property in Peravallur. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must be aware that the stamp duty and registration fees are calculated based on this guideline value or the sale price, whichever is higher.

Understanding the guideline value is essential for ensuring compliance with legal requirements during property transactions. It helps in avoiding disputes related to undervaluation and ensures that all parties are aware of the financial implications involved in the registration process.

Frequently asked questions

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

The current guideline value of Periyar Nagar 20th Street is Rs 4,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 1,000 per sq.ft to Rs 4,200 per sq.ft in 2024, reflecting a total increase of 320% over the years.

What are the stamp duty and registration fees for property in Periyar Nagar 20th Street?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 3,78,000.

Which office handles registrations for Periyar Nagar 20th Street?

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

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

The land classification for Periyar Nagar 20th Street is Mixed Type - I, which indicates the type of usage permitted in this area.