Guideline Value for Periyar Salai/Street

Periyar Salai/Street guideline value

The current guideline value of Periyar Salai/Street is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village under the AnnaNagar SRO, classified as Residential Class I Type - III.

How the guideline value of Periyar Salai/Street has changed

The guideline value for Periyar Salai/Street has undergone several revisions over the years. In 2007, the value was Rs 1,200 per sq.ft. This increased significantly to Rs 4,500 per sq.ft in 2012, marking a growth of 275%. However, the value decreased to Rs 3,015 per sq.ft in 2017, a drop of 33%. The following revision in 2023 saw the value rise to Rs 4,500 per sq.ft, followed by another increase to Rs 4,900 per sq.ft in 2024, reflecting a change of 9%.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 308%, showcasing significant fluctuations over the years.

Guideline values in Ayanavaram

Ayanavaram has a total of 369 streets under the AnnaNagar SRO, with the 2024 guideline values ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median value for these streets is Rs 4,900 per sq.ft, which is the same as the current guideline value for Periyar Salai/Street.

• Pilkington Road: Rs 4,900 per sq.ft (2024)
• Pillaiyar Koil Street, Chennai 82: Rs 4,400 per sq.ft (2024)
• Pattachari Street: Rs 4,900 per sq.ft (2024)
• Poachers Road (Porteous Road): Rs 4,400 per sq.ft (2024)
• Police Manickam Pillai Street: Rs 5,500 per sq.ft (2024)
• Parthasarathy Pillai Street: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Periyar Salai/Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value amounts to Rs 49,00,000. The stamp duty at 7% would be Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, making the total cost for these fees Rs 4,41,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Periyar Salai/Street?

The Sub Registrar Office that covers Periyar Salai/Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when buying or selling property in Ayanavaram. It serves as a benchmark for determining the minimum value of the property, which is essential for calculating stamp duty and registration fees during the transaction process.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value, preventing under-reporting of property prices. This helps maintain transparency in real estate transactions within the region.

Frequently asked questions

What is the current guideline value of Periyar Salai/Street?

The current guideline value of Periyar Salai/Street is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,200 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, with various fluctuations in between.

What is the registration office for Periyar Salai/Street?

The registration office for Periyar Salai/Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in Ayanavaram?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, on a property valued at Rs 49,00,000, the stamp duty would be Rs 3,43,000 at 7%.

What is the median guideline value for streets in Ayanavaram?

The median guideline value for the 369 streets in Ayanavaram is Rs 4,900 per sq.ft, which is the same as the current value for Periyar Salai/Street.