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Guideline Value

Corporate

Guideline Value for Periyar Nagar Extn III 1st Street

₹3850/sq.ft.

The guideline value for Periyar Nagar Extn Iii 1st 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 Iii 1st Street

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Periyar Nagar Extn III 1st Street guideline value

The current guideline value for Periyar Nagar Extn III 1st 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, and it falls under the Residential Class I Type - I land classification.

How the guideline value of Periyar Nagar Extn III 1st Street has changed

The guideline value for Periyar Nagar Extn III 1st Street has seen significant changes over the years. In the 2017 revision, the guideline value was Rs 2,345 per sq.ft. With the 2024 revision, it increased to Rs 3,850 per sq.ft, marking a change of +64% from the previous revision.

There are no figures available for the years 2023, 2012, 2007, 2003, and 2002 for this street. The only revisions noted are from 2017 and 2024.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1823 streets under the Velacheri SRO with a 2024 guideline value ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 2,750 per sq.ft, placing the current value of Periyar Nagar Extn III 1st Street above this median.

Stamp duty and registration fee for property in Periyar Nagar Extn III 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value would be Rs 38,50,000. The stamp duty at 7% would amount to Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, bringing the total cost to Rs 3,46,500. 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 detailed calculations.

Which Sub Registrar Office covers Periyar Nagar Extn III 1st Street?

The Sub Registrar Office that covers Periyar Nagar Extn III 1st 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 is a crucial factor during the registration of property transactions in Madipakkam-1. It serves as a benchmark for calculating the stamp duty and registration fees that need to be paid when a property is bought or sold.

When a property is registered, the guideline value is considered to ensure that the transaction reflects a fair value. This helps in maintaining transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value of Periyar Nagar Extn III 1st Street?

The current guideline value of Periyar Nagar Extn III 1st Street is Rs 3,850 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value changed from Rs 2,345 per sq.ft in 2017 to Rs 3,850 per sq.ft in 2024, which is an increase of +64%.

What are the other streets in Madipakkam-1 with the same guideline value?

Other streets in Madipakkam-1 that share the same guideline value of Rs 3,850 per sq.ft include Periyar Nagar Extn III 2nd Street, Periyar Nagar Extn II 7th Street, Periyar Nagar Extn III 3rd Street, Periyar Nagar Extn II 6th Street, and Periyar Nagar Extn III 4th Street.

What is the registration fee for a property in Periyar Nagar Extn III 1st Street?

The registration fee for a property in Periyar Nagar Extn III 1st Street is calculated at 2% of the guideline value. For example, on a property valued at Rs 38,50,000, the registration fee would be Rs 77,000.

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

The Sub Registrar Office for Periyar Nagar Extn III 1st Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.