Guideline Value for Periyar Salai

Periyar Salai guideline value

The current guideline value of Periyar Salai in Menambedu village, under the Ambattur SRO, is Rs 1,700 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Periyar Salai has changed

The guideline value for Periyar Salai has seen several revisions over the years. The 2012 revision set the value at Rs 1,600 per sq.ft, which was then reduced to Rs 1,072 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 1,600 per sq.ft, and the most recent 2024 revision has set it at Rs 1,700 per sq.ft.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. The 2023 to 2024 revision reflects a 6% increase. Overall, from 2012 to 2024, the guideline value has increased by 6%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Menambedu

In Menambedu, there are 171 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 6,680 per sq.ft. The median value for these streets is Rs 1,003 per sq.ft, placing Periyar Salai's 2024 figure above this median.

• Periyar Street: Rs 1,700 per sq.ft (2024)
• Perumal Street: Rs 1,001 per sq.ft (2024)
• Pillaiyar Koil 1st Cross Street(Ward 7): Rs 1,001 per sq.ft (2024)
• Pillaiyar Koil 2nd Cross Street(Ward 7): Rs 1,001 per sq.ft (2024)
• Pillaiyar Koil 3rd Cross Street(Ward 7): Rs 1,001 per sq.ft (2024)
• Pillaiyar Koil 4th Cross Street(Ward 7): Rs 1,001 per sq.ft (2024)

Stamp duty and registration fee for property in Periyar Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total fees to Rs 1,53,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Periyar Salai?

The Sub Registrar Office that covers Periyar Salai is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur - 600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Menambedu. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. Buyers and sellers must be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Periyar Salai?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,600 per sq.ft in 2012 to Rs 1,072 per sq.ft in 2017, then back to Rs 1,600 per sq.ft in 2023, and currently stands at Rs 1,700 per sq.ft in 2024.

What is the land classification for Periyar Salai?

The land classification for Periyar Salai is Residential Special Type - I, indicating its designated use for residential purposes.

What are the stamp duty and registration fees for property in Periyar Salai?

For a plot of 1,000 sq.ft at the current guideline value, the total guideline value is Rs 17,00,000. The stamp duty is Rs 1,19,000, and the registration fee is Rs 34,000, totaling Rs 1,53,000.

Which Sub Registrar Office covers Periyar Salai?

The Ambattur Sub Registrar Office covers Periyar Salai, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur - 600 053, Chennai registration zone.