Guideline Value for Periyar Nagar

Periyar Nagar guideline value

The current guideline value of Periyar Nagar is Rs 600 per sq.ft, effective from 1 July 2024. This area is located in Karanaipuducheri village, under the Gooduvancheri SRO, and is classified as Residential Class II Type - I.

How the guideline value of Periyar Nagar has changed

Over the years, the guideline value of Periyar Nagar has seen several revisions. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged until the 2023 revision, where it was again Rs 600 per sq.ft. The 2017 revision recorded a lower value of Rs 402 per sq.ft, indicating a decrease of 33% from the previous 2012 figure. The register has no figures for the years 2002, 2003, and 2007.

From 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 600 per sq.ft. The latest revision in 2024 maintains this value, resulting in no overall change from 2012 to 2024.

Guideline values in Karanaipuducheri

In Karanaipuducheri, there are 108 streets under the Gooduvancheri SRO, with a 2024 guideline value range from Rs 400 to Rs 2,239 per sq.ft. The median value for these streets is Rs 802 per sq.ft, placing Periyar Nagar's 2024 figure below this median.

• Priya Senthil Nagar (or) Teachers Sai DJM Avenue: Rs 701 per sq.ft (2024)
• Nishanth Avenue: Rs 701 per sq.ft (2024)
• Nangil Nagar: Rs 701 per sq.ft (2024)
• Royal Avenue: Rs 2,239 per sq.ft (2024)
• R.V Nagar: Rs 1,200 per sq.ft (2024)
• Sai Empire: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Periyar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty is charged at 7%, resulting in Rs 42,000, and the registration fee is 2%, amounting to Rs 12,000. Together, these fees total Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Periyar Nagar?

The Sub Registrar Office that covers Periyar Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Karanaipuducheri, the guideline value plays a crucial role in determining the stamp duty and registration fees. The guideline value is assessed to ensure that the property is registered at a fair value, which helps in the calculation of the associated fees.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the overall cost of the transaction. This ensures compliance with local regulations and helps avoid any legal complications during the registration process.

Frequently asked questions

What is the current guideline value of Periyar Nagar?

The current guideline value of Periyar Nagar is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft since 2012, with a decrease to Rs 402 per sq.ft in 2017, followed by a return to Rs 600 per sq.ft in 2023. The latest revision in 2024 maintains this value.

What are the stamp duty and registration fees for property in Periyar Nagar?

For a property valued at Rs 6,00,000, the stamp duty is Rs 42,000 and the registration fee is Rs 12,000, totaling Rs 54,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Periyar Nagar?

The Gooduvancheri Sub Registrar Office covers Periyar Nagar, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

What is the land classification of Periyar Nagar?

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