Guideline Value for Periyar Salai in Annai Sathya Nagar

Periyar Salai in Annai Sathya Nagar guideline value

The current guideline value of Periyar Salai in Annai Sathya Nagar is Rs 2,700 per sq.ft. This street is located in Kodungaiyur village, under the Madhavaram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Periyar Salai in Annai Sathya Nagar has changed

Over the years, the guideline value of Periyar Salai has seen several revisions. The 2012 revision set the value at Rs 2,500 per sq.ft, which then decreased by 33% to Rs 1,675 per sq.ft in the 2017 revision. Following this, the value increased significantly by 49% to Rs 2,500 per sq.ft in 2023. The latest revision in 2024 has further raised the guideline value to Rs 2,700 per sq.ft, reflecting an 8% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 8%.

Guideline values in Kodungaiyur

Kodungaiyur has a total of 1318 streets under the Madhavaram SRO with a 2024 guideline value ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median guideline value for these streets is Rs 2,700 per sq.ft, which is the same as the current value for Periyar Salai.

• Periyar Nagar 2nd Street: Rs 2,700 per sq.ft (2024)
• Periyar Nagar 1st Street: Rs 2,700 per sq.ft (2024)
• Perumal Koil Street (Near Main Road): Rs 2,700 per sq.ft (2024)
• Periyar Nagar: Rs 2,700 per sq.ft (2024)
• Perumal Street: Rs 2,700 per sq.ft (2024)
• Perumal Street (Krishnamoorthy Nagar): Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Periyar Salai in Annai Sathya Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, making a total of Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Periyar Salai in Annai Sathya Nagar?

The Sub Registrar Office that covers Periyar Salai in Annai Sathya Nagar is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Kodungaiyur. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership.

It is essential for buyers and sellers to be aware of the current guideline value to ensure that they are compliant with the registration requirements and to avoid any potential legal issues during the transaction process.

Frequently asked questions

What is the current guideline value of Periyar Salai in Annai Sathya Nagar?

The current guideline value of Periyar Salai in Annai Sathya Nagar is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then increased to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,700 per sq.ft in 2024.

What is the land classification of Periyar Salai?

Periyar Salai is classified as Residential Class I Type - I under the Madhavaram SRO.

Where can I find the Sub Registrar Office for this area?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060, and it covers Periyar Salai in Annai Sathya Nagar.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 2,700 per sq.ft would incur a stamp duty of Rs 1,89,000.