Guideline Value for Periyar Nagar

Periyar Nagar guideline value

The current guideline value of Periyar Nagar is Rs 1,540 per sq.ft, effective from 1 July 2024. This area is located in Mangadu -A, under the Kunrathur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Periyar Nagar has changed

The guideline value for Periyar Nagar has undergone several revisions over the years. The 2017 revision set the value at Rs 938 per sq.ft, which increased to Rs 1,400 per sq.ft in the 2023 revision. The most recent revision in 2024 raised the value further to Rs 1,540 per sq.ft. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 49%, and from 2023 to 2024, it rose by 10%. Overall, from 2017 to 2024, the increase is 64%.

Guideline values in Mangadu -A

In Mangadu -A, there are 208 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median value for these streets is Rs 1,870 per sq.ft, placing Periyar Nagar's 2024 figure below that median.

• Pattu-Moulivakkam Road: Rs 1,870 per sq.ft (2024)
• Pattu Koot Road: Rs 1,540 per sq.ft (2024)
• Perumal Koil Street: Rs 2,500 per sq.ft (2024)
• Pillaiyar Koil Street: Rs 1,540 per sq.ft (2024)
• Ponni Nagar: Rs 1,540 per sq.ft (2024)
• Palandeeswaran Koil Street: Rs 1,540 per sq.ft (2024)

Stamp duty and registration fee for property in Periyar Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,540 per sq.ft, the 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, making the total 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. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Mangadu -A

The guideline value is an essential factor when registering property transactions in Mangadu -A. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When you buy or sell property, the guideline value helps ensure that the transaction is recorded accurately and transparently. It is crucial for both buyers and sellers to be aware of the current guideline value to understand their financial obligations 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 1,540 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 938 per sq.ft in 2017 to Rs 1,400 per sq.ft in 2023, and then to Rs 1,540 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

What are the other streets in Mangadu -A with their guideline values?

Other streets in Mangadu -A include Pattu-Moulivakkam Road at Rs 1,870 per sq.ft, Pattu Koot Road at Rs 1,540 per sq.ft, and Perumal Koil Street at Rs 2,500 per sq.ft, among others.

What is the stamp duty rate for property in Periyar Nagar?

The stamp duty rate for property transactions in Periyar Nagar is 7% of the guideline value or sale price, whichever is higher. Additionally, there is a registration fee of 2%.

Where can I find the Sub Registrar Office for Periyar Nagar?

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