Guideline Value for Periyar Street (A.K.A.Nagar)

Periyar Street (A.K.A.Nagar) guideline value

The current guideline value of Periyar Street (A.K.A.Nagar) is Rs 1,400 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village under the Ambattur SRO and is classified as Residential Class III Type - I.

How the guideline value of Periyar Street (A.K.A.Nagar) has changed

Periyar Street (A.K.A.Nagar) has seen several revisions in its guideline value over the years. The 2012 revision set the value at Rs 1,300 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 871 per sq.ft. The guideline value increased to Rs 1,300 per sq.ft in 2023 and further rose to Rs 1,400 per sq.ft in the 2024 revision, marking an 8% increase from the previous year. The overall change from 2012 to 2024 is an increase of 8%.

The register has no figures for the years 2002, 2003, and 2007. Thus, the only available revisions for Periyar Street (A.K.A.Nagar) are from 2012, 2017, 2023, and the current 2024 revision.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, indicating that Periyar Street (A.K.A.Nagar) is below this median.

• Periyar Street (Venkateswara Nagar): Rs 1,600 per sq.ft (2024)
• Periyar Street (V.L. Puram): Rs 2,400 per sq.ft (2024)
• Perumal Koil Street (Banu Nagar West): Rs 2,200 per sq.ft (2024)
• Perumal Koil Street Gandhi Nagar: Rs 1,800 per sq.ft (2024)
• Perumal Koil Street (S.No.69): Rs 1,300 per sq.ft (2024)
• Perumal Koil Street (S.V.Nagar): Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in Periyar Street (A.K.A.Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,400 per sq.ft, the total guideline value amounts to Rs 14,00,000. The stamp duty at 7% would be Rs 98,000, and the registration fee at 2% would be Rs 28,000, making the total cost Rs 1,26,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Periyar Street (A.K.A.Nagar)?

The Sub Registrar Office that covers Periyar Street (A.K.A.Nagar) 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 details.

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

The guideline value plays a crucial role during property registration in Oragadam. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately in the official register.

When buying or selling property, the guideline value must be considered, as it affects the overall cost of the transaction. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Periyar Street (A.K.A.Nagar)?

The current guideline value for Periyar Street (A.K.A.Nagar) is Rs 1,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,300 per sq.ft in 2023 to Rs 1,400 per sq.ft in 2024, marking an 8% increase. It was Rs 871 per sq.ft in 2017 and Rs 1,300 per sq.ft in 2012, showing significant changes over the years.

What is the land classification for Periyar Street (A.K.A.Nagar)?

Periyar Street (A.K.A.Nagar) is classified as Residential Class III Type - I, indicating its suitability for residential development.

Where is the Sub Registrar Office for Periyar Street (A.K.A.Nagar)?

The Sub Registrar Office for Periyar Street (A.K.A.Nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone.

How is stamp duty calculated for properties in Periyar Street (A.K.A.Nagar)?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 14,00,000 would incur a stamp duty of Rs 98,000 at a rate of 7%.