Guideline Value for Periyar Nagar 3rd Street

Periyar Nagar 3rd Street guideline value

The current guideline value of Periyar Nagar 3rd Street is Rs 1,550 per sq.ft, effective from 1 July 2024. This street is located in Thirunageswaram village and falls under the Kunrathur SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Periyar Nagar 3rd Street has changed

The guideline value for Periyar Nagar 3rd Street has seen several revisions over the years. In 2012, the value was Rs 1,400 per sq.ft, which decreased to Rs 938 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,400 per sq.ft in 2023, and then further to Rs 1,550 per sq.ft in the 2024 revision. The register has no figure for the revisions in 2002, 2003, and 2007.

From 2017 to 2023, there was a notable increase of 49%, while the change from 2023 to 2024 reflects an increase of 11%. Overall, comparing the 2012 figure to the 2024 figure, there has been an increase of 11% in the guideline value.

Guideline values in Thirunageswaram

Thirunageswaram village has a total of 105 streets under the Kunrathur SRO, with guideline values ranging from Rs 800 to Rs 2,000 per sq.ft. The median guideline value for these streets is Rs 1,550 per sq.ft, which matches the 2024 guideline value for Periyar Nagar 3rd Street.

• Periyar Nagar 2nd Street: Rs 1,550 per sq.ft (2024)
• Periyar Nagar 1st Street: Rs 1,550 per sq.ft (2024)
• Periya Street: Rs 2,000 per sq.ft (2024)
• Panchayat Colony I & II Street: Rs 1,200 per sq.ft (2024)
• Ponnaiamman Koil Street: Rs 1,200 per sq.ft (2024)
• Palla Street: Rs 1,550 per sq.ft (2024)

Stamp duty and registration fee for property in Periyar Nagar 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,550 per sq.ft, the total guideline value would be Rs 15,50,000. The stamp duty at 7% would amount to Rs 1,08,500, and the registration fee at 2% would be Rs 31,000, bringing the total to Rs 1,39,500. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Periyar Nagar 3rd Street?

The Sub Registrar Office that covers Periyar Nagar 3rd Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when registering property transactions in Thirunageswaram. It serves as the minimum price at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps determine the financial obligations related to the transaction. Buyers must be aware of the guideline value to understand the costs involved in the registration process.

Frequently asked questions

What is the current guideline value of Periyar Nagar 3rd Street?

The current guideline value of Periyar Nagar 3rd Street is Rs 1,550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,400 per sq.ft in 2012 to Rs 938 per sq.ft in 2017, then increased to Rs 1,400 per sq.ft in 2023, and finally to Rs 1,550 per sq.ft in 2024.

What is the land classification for Periyar Nagar 3rd Street?

The land classification for Periyar Nagar 3rd Street is Residential Special Type - II.

What are the other streets in Thirunageswaram with similar guideline values?

Other streets in Thirunageswaram with similar guideline values include Periyar Nagar 1st Street and Periyar Nagar 2nd Street, both at Rs 1,550 per sq.ft for 2024.

Where can I find the Sub Registrar Office for Periyar Nagar 3rd Street?

The Sub Registrar Office for Periyar Nagar 3rd Street is located at No.59, Road Street, Kundrathur, Chennai -600 069.