Guideline Value for Periyar Nagar

Periyar Nagar guideline value

The current guideline value of Periyar Nagar, located in Chennerkuppam village under the Kunrathur SRO, is Rs 1,540 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class I Type - II land classification.

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 450 per sq.ft, which increased significantly to Rs 1,400 per sq.ft in 2012, marking a substantial rise of 211%. However, this was followed by a decrease to Rs 938 per sq.ft in 2017, a drop of 33%. The value then rose sharply to Rs 1,400 per sq.ft in 2023, and subsequently increased by 10% to the current rate of Rs 1,540 per sq.ft in 2024.

Overall, from 2007 to 2024, the guideline value has increased by 242%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Chennerkuppam

In Chennerkuppam, there are 74 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 6,895 per sq.ft. The median value for these streets is Rs 1,540 per sq.ft, which is equal to the guideline value of Periyar Nagar.

• Periyar Nagar Extension: Rs 1,540 per sq.ft (2024)
• Pavithra Nagar: Rs 1,430 per sq.ft (2024)
• Parvathi Nagar: Rs 1,430 per sq.ft (2024)
• Pallavan Nagar: Rs 1,320 per sq.ft (2024)
• Poonamallee Pipas Road: Rs 4,620 per sq.ft (2024)
• Prethiv Nagar: Rs 1,430 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 1,540 per sq.ft, the total guideline value amounts to Rs 15,40,000. The stamp duty at 7% would be Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, bringing the total to Rs 1,38,600. 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 Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more information, you can find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Chennerkuppam. It serves as a baseline for determining the stamp duty and registration fees, ensuring that these costs are calculated based on a standardized value rather than fluctuating market prices.

When a property is registered, the guideline value helps to ensure transparency and uniformity in property transactions. Buyers and sellers should be aware that the guideline value may differ from the actual sale price, and the higher of the two will be used to calculate the applicable duties and fees.

Frequently asked questions

What is the current guideline value of Periyar Nagar?

The current guideline value of Periyar Nagar is Rs 1,540 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 450 per sq.ft to Rs 1,540 per sq.ft in 2024, marking an overall increase of 242% over the years.

What is the registration office for Periyar Nagar?

The Kunrathur Sub Registrar Office covers Periyar Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069.

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

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total cost amounts to Rs 1,38,600.

Where can I find more information about the guideline values in Chennerkuppam?

You can find detailed information about the guideline values in Chennerkuppam by visiting the respective links for each street or by checking the Registration Department's guideline value register.