Guideline Value for Periyar Street (senthil nagar)

Periyar Street (senthil nagar) guideline value

The current guideline value of Periyar Street (senthil nagar) is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village under the Ambattur SRO, classified as Residential Special Type - II.

How the guideline value of Periyar Street (senthil nagar) has changed

The guideline value for Periyar Street (senthil nagar) has seen several revisions over the years. In 2007, the value was Rs 600 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012, marking a rise of 317%. However, from 2012 to 2017, the value decreased to Rs 1,675 per sq.ft, a drop of 33%. The most recent revision in 2024 set the guideline value at Rs 2,700 per sq.ft, representing a 61% increase from 2017.

It is important to note that the register has no figures for the years 2023, 2003, and 2002 for this street. Overall, from 2007 to 2024, the guideline value has increased by 350%.

Guideline values in Thirumullaivoyal

Thirumullaivoyal village has a total of 975 streets under the Ambattur SRO, with guideline values ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 2,400 per sq.ft, placing Periyar Street (senthil nagar) above this median.

• Perumal Koil Street: Rs 1,900 per sq.ft (2024)
• Perundevi nagar: Rs 1,600 per sq.ft (2024)
• Pillaiyar Koil Cross Street (Cholambedu): Rs 1,600 per sq.ft (2024)
• Pillaiyar Koil Street (Annanoor): Rs 1,600 per sq.ft (2024)
• Pillaiyar Koil Street (Cholambedu): Rs 1,600 per sq.ft (2024)
• Patel Street(senthil nagar): Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Periyar Street (senthil 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, bringing the total fees to Rs 2,43,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Periyar Street (senthil nagar)?

The Sub Registrar Office that covers Periyar Street (senthil 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 information.

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

The guideline value is a crucial factor in property transactions in Thirumullaivoyal. It serves as a benchmark for determining the minimum price at which properties can be registered, ensuring that the transaction is recorded at a fair value as per government standards.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both the buyer and seller are aware of the costs involved in the transaction, based on the established guideline values for the area.

Frequently asked questions

What is the current guideline value of Periyar Street (senthil nagar)?

The current guideline value of Periyar Street (senthil 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 600 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, marking an overall increase of 350% over the years.

What are the stamp duty and registration fees for properties in this area?

For a 1,000 sq.ft property at the current guideline value, the total fees would amount to Rs 2,43,000, which includes stamp duty and registration fees based on the guideline value.

Which Sub Registrar Office should I contact for transactions in Periyar Street (senthil nagar)?

The Ambattur Sub Registrar Office is responsible for property transactions in Periyar Street (senthil nagar). It is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the land classification for Periyar Street (senthil nagar)?

Periyar Street (senthil nagar) is classified as Residential Special Type - II, which indicates the type of development permitted in this area.