Guideline Value for Periyar Nagar 9th Cross Street

Periyar Nagar 9th Cross Street guideline value

The current guideline value of Periyar Nagar 9th Cross Street is Rs 4,200 per sq.ft, effective from 1 July 2024. This street is located in Peravallur village and falls under the Sembiam SRO, classified as Mixed Type - I land.

How the guideline value of Periyar Nagar 9th Cross Street has changed

Over the years, the guideline value for Periyar Nagar 9th Cross Street has seen several revisions. The earliest recorded figure is from 2007, where the guideline value was Rs 1,000 per sq.ft. This increased significantly to Rs 3,900 per sq.ft in 2012, but then experienced a decrease to Rs 2,613 per sq.ft in 2017. The value rose again to Rs 3,900 per sq.ft in 2023, and finally to Rs 4,200 per sq.ft in 2024, marking an increase of 8% from the previous year.

In summary, the changes between revisions show a substantial overall increase from Rs 1,000 per sq.ft in 2007 to Rs 4,200 per sq.ft in 2024, which is a growth of 320%. Notably, there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Peravallur

In Peravallur, there are 423 streets under the Sembiam SRO, with guideline values ranging from Rs 2,200 to Rs 7,100 per sq.ft. The median guideline value is Rs 3,301 per sq.ft, indicating that Periyar Nagar 9th Cross Street's 2024 figure is above this median.

• Periyar Nagar 8th Street: Rs 4,200 per sq.ft (2024)
• Periyar Nagar 9th Street: Rs 4,200 per sq.ft (2024)
• Periyar Nagar 8th Cross 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 9th 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 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 cost for these fees to Rs 3,78,000. 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 precise calculations.

Which Sub Registrar Office covers Periyar Nagar 9th Cross Street?

The Sub Registrar Office that covers Periyar Nagar 9th 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 is a critical factor during the registration of property transactions in Peravallur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state collects appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both buyers and sellers to understand the fair valuation of the property based on current market conditions as determined by the local registration department. This ensures transparency and compliance with legal requirements during property transactions.

Frequently asked questions

What is the current guideline value of Periyar Nagar 9th Cross Street?

The current guideline value of Periyar Nagar 9th 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, reflecting an overall increase of 320% over this period.

What is the median guideline value in Peravallur?

The median guideline value in Peravallur is Rs 3,301 per sq.ft, which means that the guideline value for Periyar Nagar 9th Cross Street is above this median.

What are the stamp duty and registration fees for property transactions?

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.

Where can I find the Sub Registrar Office for Periyar Nagar 9th Cross Street?

The Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011, covers Periyar Nagar 9th Cross Street.