Guideline Value for Periyar Nagar 5th Cross Street

Periyar Nagar 5th Cross Street guideline value

The current guideline value for Periyar Nagar 5th Cross 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.

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

The guideline value for Periyar Nagar 5th Cross Street has seen several revisions over the years. The earliest recorded figure is from 2007, set at Rs 1,000 per sq.ft. This value increased significantly to Rs 3,900 per sq.ft in 2012, marking a 290% rise. However, it then decreased to Rs 2,613 per sq.ft in 2017, reflecting a 33% drop. The value rose again to Rs 3,900 per sq.ft in 2023, before reaching the current rate of Rs 4,200 per sq.ft in 2024, which is an 8% increase from the previous year.

There are no recorded figures for the years 2002 and 2003 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 with a 2024 guideline value ranging from Rs 2,200 to Rs 7,100 per sq.ft. The median value is Rs 3,301 per sq.ft, placing Periyar Nagar 5th Cross Street above this median.

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

Stamp duty and registration fee for property in Periyar Nagar 5th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,200 per sq.ft, the total guideline value amounts to Rs 42,00,000. The stamp duty at 7% would be Rs 2,94,000, and the registration fee at 2% would be Rs 84,000, making the total cost for these fees Rs 3,78,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Periyar Nagar 5th Cross Street?

The Sub Registrar Office covering Periyar Nagar 5th Cross 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 plays a crucial role during the registration of property transactions in Peravallur. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, it is essential to be aware of the current guideline value as it can significantly impact the overall cost involved in the transaction. Buyers should ensure that they are informed about the guideline value to avoid any surprises during the registration process.

Frequently asked questions

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

The current guideline value of Periyar Nagar 5th Cross 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, marking an overall increase of 320% over the years.

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

Other streets in Peravallur that share the same guideline value of Rs 4,200 per sq.ft include Periyar Nagar 5th Street, Periyar Nagar 4th Street, Periyar Nagar 6th Cross Street, Periyar Nagar 4th Cross Street, Periyar Nagar 6th Street, and Periyar Nagar 3rd Street.

What is the stamp duty rate for properties in Periyar Nagar 5th Cross Street?

The stamp duty rate for properties in Periyar Nagar 5th Cross Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office located for Periyar Nagar 5th Cross Street?

The Sub Registrar Office for Periyar Nagar 5th Cross Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011.