Guideline Value for Periyar Nagar

Periyar Nagar guideline value

The current guideline value of Periyar Nagar is Rs 3,900 per sq.ft, effective from 1 July 2024. This area is located in Thalakanancherry village under the Alandur SRO, classified as Residential Class I Type - III.

How the guideline value of Periyar Nagar has changed

The guideline value for Periyar Nagar has seen several revisions over the years. In 2007, the value was Rs 750 per sq.ft, which increased significantly to Rs 3,500 per sq.ft in 2012. However, it decreased to Rs 2,345 per sq.ft in 2017. The value then rose to Rs 3,500 per sq.ft in 2023, before reaching the current figure of Rs 3,900 per sq.ft in 2024, marking an 11% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 420%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Thalakanancherry

Thalakanancherry village has a total of 318 streets under the Alandur SRO, with guideline values ranging from Rs 2,200 to Rs 5,500 per sq.ft. The median guideline value for this area is Rs 3,900 per sq.ft, which is the same as the current value for Periyar Nagar.

• Petter Colony Main Road: Rs 3,900 per sq.ft (2024)
• Petters Colony: Rs 3,900 per sq.ft (2024)
• Pongi Madalayam Street (SIP Colony): Rs 4,400 per sq.ft (2024)
• N S Naidu Layout: Rs 4,400 per sq.ft (2024)
• North Street Lakshmi Nagar 4th Stage: Rs 4,400 per sq.ft (2024)
• N G O Colony 4th Street: Rs 3,900 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 3,900 per sq.ft, the total guideline value amounts to Rs 39,00,000. The stamp duty, charged at 7%, would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, totaling Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Periyar Nagar?

The Sub Registrar Office that covers Periyar Nagar is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Thalakanancherry. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the actual sale price of the property.

When a property transaction occurs, the guideline value ensures that the government receives the appropriate taxes. Therefore, it is essential for both buyers and sellers to understand the guideline value for accurate financial planning during property transactions.

Frequently asked questions

What is the current guideline value of Periyar Nagar?

The current guideline value of Periyar Nagar is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 750 per sq.ft in 2007 to Rs 3,900 per sq.ft in 2024, representing an overall increase of 420% over the years.

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

For a property valued at Rs 39,00,000, the stamp duty would be Rs 2,73,000 and the registration fee would be Rs 78,000, totaling Rs 3,51,000.

Which Sub Registrar Office covers Periyar Nagar?

The Alandur Sub Registrar Office covers Periyar Nagar, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the land classification of Periyar Nagar?

Periyar Nagar is classified as Residential Class I Type - III, which indicates its suitability for residential development.