Guideline Value for Periyar Street (Thiru Nagar)

Periyar Street (Thiru Nagar) guideline value

The current guideline value of Periyar Street (Thiru Nagar) is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village and falls under the Ashok Nagar SRO, classified as Residential Class III Type - II.

How the guideline value of Periyar Street (Thiru Nagar) has changed

Over the years, the guideline value of Periyar Street (Thiru Nagar) has seen several revisions. The 2007 revision set the value at Rs 1,210 per sq.ft, which increased significantly to Rs 4,500 per sq.ft in the 2012 revision, marking a 272% increase. However, the value then decreased to Rs 3,015 per sq.ft in the 2017 revision, representing a decline of 33%. The 2023 revision saw another increase to Rs 4,500 per sq.ft, and the latest 2024 revision has raised it further to Rs 4,900 per sq.ft, reflecting a 9% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 305%.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median value is Rs 4,900 per sq.ft, which is equal to the current guideline value of Periyar Street (Thiru Nagar).

• Periyar Street (MGR): Rs 3,300 per sq.ft (2024)
• Periyar Ramasamy Street (W.M): Rs 5,500 per sq.ft (2024)
• Periyar Ramasamy Street Block 87, 88, 91, 92: Rs 5,500 per sq.ft (2024)
• Periyar Nagar (NP): Rs 2,200 per sq.ft (2024)
• Perumal Koil Street Block 90: Rs 5,500 per sq.ft (2024)
• Perumal Koil (West Mada Street) (W.M): Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Periyar Street (Thiru Nagar)

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, bringing the total fees together to Rs 4,41,000. It is important to note that 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 Street (Thiru Nagar)?

The Sub Registrar Office that covers Periyar Street (Thiru Nagar) is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kodambakkam. It is the value determined by the Registration Department and is used to calculate the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is considered to ensure that the transaction is recorded accurately. It serves as a benchmark for assessing the value of the property, ensuring compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Periyar Street (Thiru Nagar)?

The current guideline value of Periyar Street (Thiru Nagar) 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 increased from Rs 1,210 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, marking an overall increase of 305% over the years.

What is the classification of land on Periyar Street (Thiru Nagar)?

Periyar Street (Thiru Nagar) is classified as Residential Class III Type - II according to the land classification guidelines.

Where can I calculate stamp duty and registration fees?

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

What is the address of the Sub Registrar Office for Periyar Street (Thiru Nagar)?

The Sub Registrar Office for Periyar Street (Thiru Nagar) is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, under the Ashok Nagar SRO.