Guideline Value

Corporate

Guideline Value for Periyar Nagar Extn II 4th Street

₹3850/sq.ft.

The guideline value for Periyar Nagar Extn Ii 4th Street in Madipakkam-1 village (Velacheri SRO, Chennai zone) is Rs 3850 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madipakkam-1

Village

Velacheri

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹3850 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042
044-22553736
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Periyar Nagar Extn Ii 4th Street

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Periyar Nagar Extn II 4th Street guideline value

The current guideline value for Periyar Nagar Extn II 4th Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Madipakkam-1 village under the Velacheri SRO, classified as Residential Class I Type - I.

How the guideline value of Periyar Nagar Extn II 4th Street has changed

The guideline value for Periyar Nagar Extn II 4th Street has seen significant changes over the years. The most recent revision in 2024 set the value at Rs 3,850 per sq.ft, up from Rs 2,345 per sq.ft in the 2017 revision, marking an increase of 64%. The register has no figures for the years 2023, 2012, 2007, 2003, and 2002.

Prior to the 2017 revision, the guideline value for this street was not recorded in the register. The increase from 2017 to 2024 reflects the latest adjustments in property valuation in the area.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1,823 streets under the Velacheri SRO with a 2024 guideline value ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median value is Rs 2,750 per sq.ft, placing the 2024 figure for Periyar Nagar Extn II 4th Street above this median.

Stamp duty and registration fee for property in Periyar Nagar Extn II 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, bringing the total fees to Rs 3,46,500. Please note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Periyar Nagar Extn II 4th Street?

The Sub Registrar Office that covers Periyar Nagar Extn II 4th Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Madipakkam-1

The guideline value plays a crucial role during the registration of property transactions in Madipakkam-1. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction reflects a fair estimate of the property's worth.

When buying or selling property, the guideline value is utilized to calculate the applicable stamp duty and registration fees. This ensures that both the buyer and seller are aware of the costs involved in the transaction, based on the established guideline value per sq.ft.

Frequently asked questions

What is the current guideline value for Periyar Nagar Extn II 4th Street?

The current guideline value for Periyar Nagar Extn II 4th Street is Rs 3,850 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 2,345 per sq.ft to Rs 3,850 per sq.ft in 2024, reflecting a change of 64%.

What is the land classification for this street?

Periyar Nagar Extn II 4th Street is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for this area?

The Velacheri Sub Registrar Office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042, which covers Periyar Nagar Extn II 4th Street.

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum registration value for property transactions, which in turn affects the calculation of stamp duty and registration fees based on the higher of the guideline value or the sale price.