Guideline Value for Periyar Nagar

Periyar Nagar guideline value

The current guideline value of Periyar Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in 5. Athipattu village, under the Konnur SRO, and is classified as Residential Class III 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 oldest recorded figure is from the 2017 revision, which was Rs 670 per sq.ft. This value increased to Rs 1,000 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 set the guideline value at Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

Guideline values in 5. Athipattu

In 5. Athipattu, there are 119 streets under the Konnur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 7,650 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value for Periyar Nagar is below this median.

• Pillaiyar Koil Street (Cross Street): Rs 1,100 per sq.ft (2024)
• Palaru Street: Rs 2,400 per sq.ft (2024)
• Padasalai Street: Rs 1,300 per sq.ft (2024)
• Power Line Street: Rs 2,200 per sq.ft (2024)
• Pughalendhi Salai(Chelliamman Nagar): Rs 2,200 per sq.ft (2024)
• N.S.K. Street(Chelliamman nagar): Rs 2,200 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 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty is charged at 7%, which totals Rs 77,000, while the registration fee is 2%, amounting to Rs 22,000. Together, the total fees would be Rs 99,000. It is important to note that 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 detailed calculations.

Which Sub Registrar Office covers Periyar Nagar?

The Sub Registrar Office that covers Periyar Nagar is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai, in the Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 5. Athipattu

The guideline value plays a crucial role in the registration process when buying or selling property in 5. Athipattu. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

Frequently asked questions

What is the current guideline value for Periyar Nagar?

The current guideline value for Periyar Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 670 per sq.ft in 2017 to Rs 1,000 per sq.ft in 2023, and then to Rs 1,100 per sq.ft in 2024. This represents a total increase of 64% from 2017 to 2024.

What are the other guideline values in 5. Athipattu?

In 5. Athipattu, the guideline values range from Rs 1,100 to Rs 7,650 per sq.ft, with a median value of Rs 2,200 per sq.ft. Periyar Nagar's value is below this median.

What fees are associated with buying property in Periyar Nagar?

When buying property in Periyar Nagar, buyers should expect to pay a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

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

The Sub Registrar Office for Periyar Nagar is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find more details about your SRO online.