Guideline Value for Periyar Nagar Colony Main Street

Periyar Nagar Colony Main Street guideline value

The current guideline value of Periyar Nagar Colony Main Street is Rs 1,002 per sq.ft. This street is located in Ariyalur village under the Redhills SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Periyar Nagar Colony Main Street has changed

The guideline value register has no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023 for Periyar Nagar Colony Main Street. The only revision available is from 2024, which sets the guideline value at Rs 1,002 per sq.ft, effective from 1 July 2024.

Since there are no figures for the previous revisions, there have been no changes in the guideline value between the revisions listed. The 2024 figure is equal to the median value of Rs 1,002 per sq.ft for the 24 streets in Ariyalur under the Redhills SRO.

Guideline values in Ariyalur

In Ariyalur, the guideline values for the 24 streets under the Redhills SRO range from Rs 1,002 to Rs 1,008 per sq.ft, with a median value of Rs 1,002 per sq.ft. Periyar Nagar Colony Main Street's 2024 figure aligns with this median.

• Peria Muthu Nagar: Rs 1,004 per sq.ft (2024)
• Perumal Koil Street: Rs 1,002 per sq.ft (2024)
• Perumal Koil Street 1st Cross Street: Rs 1,002 per sq.ft (2024)
• Perumal Koil Street 2nd Cross Street: Rs 1,002 per sq.ft (2024)
• Perumal Koil Street 3rd Cross Street: Rs 1,002 per sq.ft (2024)
• Perumal Koil Street 4th Cross Street: Rs 1,002 per sq.ft (2024)

Stamp duty and registration fee for property in Periyar Nagar Colony Main Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,002 per sq.ft, the total guideline value amounts to Rs 10,02,000. The stamp duty at 7% would be Rs 70,140, and the registration fee at 2% would be Rs 20,040, bringing the total to Rs 90,180. 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 Colony Main Street?

The Sub Registrar Office covering Periyar Nagar Colony Main Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Ariyalur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the official valuation of the property.

When buying or selling property, the guideline value helps determine the minimum sale price for registration purposes. This ensures that transactions are recorded accurately and transparently, reflecting the current market conditions as assessed by the Registration Department.

Frequently asked questions

What is the current guideline value of Periyar Nagar Colony Main Street?

The current guideline value of Periyar Nagar Colony Main Street is Rs 1,002 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value register has no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023 for Periyar Nagar Colony Main Street. The only available revision is from 2024, which sets the value at Rs 1,002 per sq.ft.

What is the land classification for Periyar Nagar Colony Main Street?

The land classification for Periyar Nagar Colony Main Street is Residential Class I Type - I, indicating its suitability for residential development.

Where is the Sub Registrar Office for Periyar Nagar Colony Main Street located?

The Sub Registrar Office for Periyar Nagar Colony Main Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is the stamp duty calculated for properties in Periyar Nagar Colony Main Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value of Rs 1,002 per sq.ft would incur a total stamp duty of Rs 70,140.