Guideline Value for Periyar Ramaswamy Street

Periyar Ramaswamy Street guideline value

The current guideline value of Periyar Ramaswamy Street is Rs 1,200 per sq.ft, effective from 1 July 2024. This street is located in Gooduvancheri village, under the Gooduvancheri SRO, and is classified as Residential Class I Type - I.

How the guideline value of Periyar Ramaswamy Street has changed

The guideline value for Periyar Ramaswamy Street has remained stable at Rs 1,200 per sq.ft for both the 2023 and 2024 revisions. Prior to this, the 2017 revision recorded a guideline value of Rs 804 per sq.ft, marking a significant increase of 49% from 2017 to 2023, and an overall increase of 49% from 2017 to 2024.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Thus, the most recent figures reflect a consistent value since 2023, with the previous notable change occurring in 2017.

Guideline values in Gooduvancheri

In Gooduvancheri, there are 129 streets under the Gooduvancheri SRO that have a 2024 guideline value ranging from Rs 1,000 to Rs 3,500 per sq.ft, with a median value of Rs 1,500 per sq.ft. The guideline value of Periyar Ramaswamy Street is below this median.

• Parthasarathy Avenue: Rs 1,000 per sq.ft (2024)
• Pangajam Street: Rs 1,000 per sq.ft (2024)
• Poonga Street: Rs 1,500 per sq.ft (2024)
• Priya Nagar: Rs 1,500 per sq.ft (2024)
• Priya Nagar Ext. I & II & III: Rs 1,500 per sq.ft (2024)
• P.R.V. Nagar: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Periyar Ramaswamy Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total fees to Rs 1,08,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Periyar Ramaswamy Street?

The Sub Registrar Office covering Periyar Ramaswamy Street 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 Gooduvancheri

The guideline value is a crucial factor in the registration process when buying or selling property in Gooduvancheri. It determines the minimum value at which the property must be registered, ensuring that the transaction is recorded accurately and transparently.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, ensuring that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Periyar Ramaswamy Street?

The current guideline value of Periyar Ramaswamy Street is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,200 per sq.ft for both the 2023 and 2024 revisions. It increased by 49% from Rs 804 per sq.ft in 2017 to 2023.

What is the land classification for Periyar Ramaswamy Street?

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

Where can I find the Gooduvancheri Sub Registrar Office?

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate has a guideline value of Rs 12,00,000, leading to specific fees based on this amount.