Guideline Value for Periyar Nagar 5-th Cross St

Periyar Nagar 5-th Cross St guideline value

The current guideline value of Periyar Nagar 5-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, classified as Residential Special Type - III.

How the guideline value of Periyar Nagar 5-th Cross St has changed

The guideline value for Periyar Nagar 5-th Cross St has seen several revisions over the years. In 2007, the value was Rs 500 per sq.ft, which increased significantly to Rs 3,000 per sq.ft by 2012. However, it then decreased to Rs 2,010 per sq.ft in 2017. The value rose again to Rs 3,000 per sq.ft in 2023, and currently stands at Rs 3,300 per sq.ft as of the 2024 revision. The register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, the guideline value increased by 49%. Notably, the jump from 2007 to 2012 was a remarkable 500%. Overall, the guideline value has increased by 560% from 2007 to 2024.

Guideline values in Irumpuliyur

In Irumpuliyur village, there are 218 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 6,600 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value of Periyar Nagar 5-th Cross St is above this median.

• Periyar Nagar 4-th Street: Rs 3,300 per sq.ft (2024)
• Periyar Nagar 5-th Street: Rs 3,300 per sq.ft (2024)
• Periyar Nagar 4-th Cross St: Rs 3,300 per sq.ft (2024)
• Periyar Nagar 6-th Street: Rs 3,300 per sq.ft (2024)
• Periyar Nagar 7-th Street: Rs 3,300 per sq.ft (2024)
• Periyar Nagar 8-th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Periyar Nagar 5-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 amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, resulting in a total of 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.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Periyar Nagar 5-th Cross St?

The Sub Registrar Office that covers Periyar Nagar 5-th Cross St is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, 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 an essential factor when buying or selling property in Irumpuliyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property registration.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction is documented accurately in accordance with the local regulations.

Frequently asked questions

What is the current guideline value of Periyar Nagar 5-th Cross St?

The current guideline value of Periyar Nagar 5-th Cross St is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

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

What is the land classification for Periyar Nagar 5-th Cross St?

Periyar Nagar 5-th Cross St is classified as Residential Special Type - III.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Periyar Nagar 5-th Cross St is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is stamp duty calculated for properties in this area?

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 would be Rs 2,31,000 at a rate of 7%.