Guideline Value for Periyar Nagar 9th Street

Periyar Nagar 9th Street guideline value

The current guideline value of Periyar Nagar 9th 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.

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

The guideline value for Periyar Nagar 9th 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 then decreased to Rs 2,613 per sq.ft in 2017. The value rose again to Rs 3,900 per sq.ft in 2023, and finally reached Rs 4,200 per sq.ft in the 2024 revision, marking an increase of 8% from the previous year.

Notably, there are no figures available for the years 2002 and 2003 in the register 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 that carry a 2024 guideline value ranging from Rs 2,200 to Rs 7,100 per sq.ft, with a median value of Rs 3,301 per sq.ft. The guideline value of Rs 4,200 per sq.ft for Periyar Nagar 9th Street is above this median.

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

Which Sub Registrar Office covers Periyar Nagar 9th Street?

The Sub Registrar Office covering Periyar Nagar 9th 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 crucial factor in the registration process when buying or selling property in Peravallur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

Frequently asked questions

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

The current guideline value of Periyar Nagar 9th 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, representing a total increase of 320% over the years.

What is the land classification of Periyar Nagar 9th Street?

Periyar Nagar 9th Street is classified as Mixed Type - I, according to the Sembiam SRO guidelines.

Where can I find information about stamp duty and registration fees?

Information about stamp duty and registration fees can be calculated using the stamp duty and registration fee calculator.

Which office handles property registrations for Periyar Nagar 9th Street?

The Sembiam Sub Registrar Office handles property registrations for Periyar Nagar 9th Street, located at 5, Papermills Road, Sembiam, Chennai - 600011.