Guideline Value for Periyar Nagar 4th Street

Periyar Nagar 4th Street guideline value

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

How the guideline value of Periyar Nagar 4th Street has changed

The guideline value for Periyar Nagar 4th Street has seen several revisions over the years. The 2007 revision set the value at Rs 1,000 per sq.ft, which increased significantly to Rs 3,900 per sq.ft in 2012, marking a 290% increase. However, the value then dropped to Rs 2,613 per sq.ft in 2017, reflecting a decrease of 33% from the previous revision.

In the subsequent years, the guideline value rose to Rs 3,900 per sq.ft in 2023, a 49% increase from 2017. The most recent revision in 2024 has further increased the value to Rs 4,200 per sq.ft, which is an 8% rise from 2023. The overall change from the 2007 revision to the 2024 revision shows an increase of 320%.

Guideline values in Peravallur

Within 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. The median value for these streets is Rs 3,301 per sq.ft, placing Periyar Nagar 4th Street above this median.

• Periyar Nagar 4th Cross Street: Rs 4,200 per sq.ft (2024)
• Periyar Nagar 5th Cross Street: Rs 4,200 per sq.ft (2024)
• Periyar Nagar 3rd Street: Rs 4,200 per sq.ft (2024)
• Periyar Nagar 5th Street: Rs 4,200 per sq.ft (2024)
• Periyar Nagar 6th Cross Street: Rs 4,200 per sq.ft (2024)
• Periyar Nagar 3rd Cross Street: Rs 4,200 per sq.ft (2024)

Stamp duty and registration fee for property in Periyar Nagar 4th 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 charges to Rs 3,78,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Periyar Nagar 4th Street?

The Sub Registrar Office covering Periyar Nagar 4th 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 essential reference for property transactions in Peravallur. When buying or selling property, this value is used to determine the stamp duty and registration fees, which are mandatory for legal documentation.

It is crucial for buyers and sellers to be aware of the current guideline value as it affects the overall cost of the transaction. Accurate knowledge of the guideline value ensures that all parties involved are informed and can plan their finances accordingly.

Frequently asked questions

What is the current guideline value of Periyar Nagar 4th Street?

The current guideline value of Periyar Nagar 4th 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 significantly from Rs 1,000 per sq.ft in 2007 to Rs 4,200 per sq.ft in 2024, marking an overall increase of 320%.

What are the stamp duty and registration fees for property in Periyar Nagar 4th Street?

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

Which office handles the registration for Periyar Nagar 4th Street?

The Sembiam Sub Registrar Office at 5, Papermills Road, Sembiam, Chennai - 600011, handles the registration for Periyar Nagar 4th Street.

What is the land classification for Periyar Nagar 4th Street?

The land classification for Periyar Nagar 4th Street is Mixed Type - I, which indicates the types of land uses permitted in the area.