Guideline Value for Periyar Nagar 4-th Cross St

Periyar Nagar 4-th Cross St guideline value

The current guideline value of Periyar Nagar 4-th Cross St is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Irumpuliyur village, under the Tambaram Joint 1 SRO, and is classified as Residential Special Type - III.

How the guideline value of Periyar Nagar 4-th Cross St has changed

The guideline value for Periyar Nagar 4-th Cross St has seen several revisions over the years. Starting from the 2007 revision, the value was Rs 500 per sq.ft. This increased significantly to Rs 3,000 per sq.ft in 2012, marking a 500% rise. However, in the 2017 revision, the value decreased to Rs 2,010 per sq.ft, which was a decline of 33%. The 2023 revision saw a notable increase to Rs 3,000 per sq.ft, and the most recent 2024 revision set the value at Rs 3,300 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 560%. It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Irumpuliyur

In Irumpuliyur, there are 218 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 880 to Rs 6,600 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Periyar Nagar 4-th Cross St's 2024 figure above this median.

• Periyar Nagar 4-th Street: Rs 3,300 per sq.ft (2024)
• Periyar Nagar 3-rd Street: Rs 3,300 per sq.ft (2024)
• Periyar Nagar 5-th Cross St: Rs 3,300 per sq.ft (2024)
• Periyar Nagar 5-th Street: Rs 3,300 per sq.ft (2024)
• Periyar Nagar 3-rd Cross St: Rs 3,300 per sq.ft (2024)
• Periyar Nagar 6-th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Periyar Nagar 4-th Cross St

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Periyar Nagar 4-th Cross St?

The Sub Registrar Office that covers Periyar Nagar 4-th Cross St is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Irumpuliyur. It determines the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue through stamp duty and registration fees.

When a property is sold, the buyer and seller must consider the guideline value to calculate the applicable stamp duty and registration fees. This value is essential for both parties to understand their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Periyar Nagar 4-th Cross St?

The current guideline value of Periyar Nagar 4-th Cross St is Rs 3,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 500 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 560% over the years.

What are the other streets with the same guideline value in Irumpuliyur?

Other streets in Irumpuliyur with the same guideline value of Rs 3,300 per sq.ft include Periyar Nagar 4-th Street, Periyar Nagar 3-rd Street, Periyar Nagar 5-th Cross St, Periyar Nagar 5-th Street, Periyar Nagar 3-rd Cross St, and Periyar Nagar 6-th Street.

Where can I find the Sub Registrar Office for Periyar Nagar 4-th Cross St?

The Sub Registrar Office for Periyar Nagar 4-th Cross St is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is the stamp duty calculated for properties in Irumpuliyur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 33,00,000, the stamp duty at 7% would be Rs 2,31,000.