Guideline Value for Periyar Nagar 8th Street

Periyar Nagar 8th Street guideline value

The current guideline value of Periyar Nagar 8th 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 is classified as Mixed Type - I land.

How the guideline value of Periyar Nagar 8th Street has changed

The guideline value for Periyar Nagar 8th Street has seen several revisions over the years. In 2007, the value was Rs 1,000 per sq.ft, which increased significantly to Rs 3,900 per sq.ft in 2012. However, it dropped to Rs 2,613 per sq.ft in 2017, before rising to Rs 3,900 per sq.ft again in 2023. The latest revision in 2024 has set the value at Rs 4,200 per sq.ft, marking an 8% increase from the previous year.

From 2007 to 2024, the overall increase in guideline value is 320%. The revisions for the years 2002 and 2003 do not have figures listed for this street in the register.

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 for these streets is Rs 3,301 per sq.ft, positioning the guideline value of Periyar Nagar 8th Street above this median.

• Periyar Nagar 9th Cross Street: Rs 4,200 per sq.ft (2024)
• Periyar Nagar 8th Cross Street: Rs 4,200 per sq.ft (2024)
• Periyar Nagar 9th Street: Rs 4,200 per sq.ft (2024)
• Periyar Nagar 7th Street: Rs 4,200 per sq.ft (2024)
• Periyar Nagar 7th Cross Street: Rs 4,200 per sq.ft (2024)
• Periyar Nagar 6th Street: Rs 4,200 per sq.ft (2024)

Stamp duty and registration fee for property in Periyar Nagar 8th 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 to Rs 3,78,000. 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 information.

Which Sub Registrar Office covers Periyar Nagar 8th Street?

The Sub Registrar Office that covers Periyar Nagar 8th Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more details.

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

The guideline value is an important factor when registering property transactions in Peravallur. It is used to calculate the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value will be compared to the sale price of the property. The higher of the two values will be used to determine the applicable stamp duty and registration fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Periyar Nagar 8th Street?

The current guideline value of Periyar Nagar 8th 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 is the median guideline value in Peravallur?

The median guideline value in Peravallur is Rs 3,301 per sq.ft, with Periyar Nagar 8th Street's value being above this median.

What are the stamp duty and registration fees for a property in Periyar Nagar 8th Street?

For a property valued at Rs 42,00,000, the stamp duty would be Rs 2,94,000 and the registration fee would be Rs 84,000, totaling Rs 3,78,000.

Which office handles property registrations for Periyar Nagar 8th Street?

The Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011, handles property registrations for Periyar Nagar 8th Street.