Guideline Value for Periyar Nagar 2nd Street

Periyar Nagar 2nd Street guideline value

The current guideline value of Periyar Nagar 2nd Street is Rs 4,200 per sq.ft, effective from 1 July 2024. This street is located in Peravallur village under the Sembiam SRO, classified as Mixed Type - I land.

How the guideline value of Periyar Nagar 2nd Street has changed

The guideline value for Periyar Nagar 2nd Street has gone through 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 then decreased by 33% to Rs 2,613 per sq.ft in 2017. The value saw a substantial increase of 49% to Rs 3,900 per sq.ft in 2023, and it has risen by 8% to the current value of Rs 4,200 per sq.ft in 2024.

There are no figures available for the years 2002 and 2003 in the register 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 have 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 2nd Street is above this median.

• Periyar Nagar 3rd Cross Street: Rs 4,200 per sq.ft (2024)
• Periyar Nagar 2nd Cross Street: Rs 4,200 per sq.ft (2024)
• Periyar Nagar 3rd Street: Rs 4,200 per sq.ft (2024)
• Periyar Nagar 22nd Street: Rs 4,200 per sq.ft (2024)
• Periyar Nagar 4th Cross Street: Rs 4,200 per sq.ft (2024)
• Periyar Nagar 21st Street: Rs 4,200 per sq.ft (2024)

Stamp duty and registration fee for property in Periyar Nagar 2nd 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 be Rs 2,94,000, while the registration fee at 2% would be Rs 84,000, bringing the total to Rs 3,78,000. 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 details.

Which Sub Registrar Office covers Periyar Nagar 2nd Street?

The Sub Registrar Office that covers Periyar Nagar 2nd 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 important factor when registering property in Peravallur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions are conducted transparently and fairly.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with property transactions. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Periyar Nagar 2nd Street?

The current guideline value of Periyar Nagar 2nd 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, showing an overall increase of 320% over the years.

What are the guideline values of other streets in Peravallur?

Other streets in Peravallur have a guideline value of Rs 4,200 per sq.ft for several streets, including Periyar Nagar 3rd Cross Street, Periyar Nagar 2nd Cross Street, and others.

What are the stamp duty and registration fees for property in Periyar Nagar 2nd Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 42,00,000, with a stamp duty of Rs 2,94,000 and a registration fee of Rs 84,000, totaling Rs 3,78,000.

Which office handles property registrations for Periyar Nagar 2nd Street?

The Sembiam Sub Registrar Office at 5, Papermills Road, Sembiam, Chennai - 600011 handles property registrations for Periyar Nagar 2nd Street.