Guideline Value for Periyar Street Vinayagar Nagar

Periyar Street Vinayagar Nagar guideline value

The current guideline value of Periyar Street Vinayagar Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Pozhichalur village and falls under the Pammal SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Periyar Street Vinayagar Nagar has changed

The guideline value for Periyar Street Vinayagar Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 1,005 per sq.ft. This was followed by a significant increase to Rs 1,500 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 has further increased the guideline value to Rs 1,650 per sq.ft, which is a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median guideline value for these streets is Rs 1,320 per sq.ft, placing Periyar Street Vinayagar Nagar's 2024 figure above this median.

• Periyar Street: Rs 1,100 per sq.ft (2024)
• Perumal Street: Rs 1,100 per sq.ft (2024)
• Peririyamman Koil Street: Rs 1,100 per sq.ft (2024)
• Pillaiyar Koil Street: Rs 2,200 per sq.ft (2024)
• Patel Street: Rs 1,100 per sq.ft (2024)
• Pilliyar Koil Cross Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Periyar Street Vinayagar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000. Together, the total cost for these fees would be Rs 1,48,500. 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 Vinayagar Nagar?

The Sub Registrar Office that covers Periyar Street Vinayagar Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when buying or selling property in Pozhichalur, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations and to accurately calculate the associated fees.

When registering a property, the guideline value is used to calculate stamp duty and registration fees. This ensures that the transaction is recorded at a value that reflects the current market conditions as determined by the local authorities.

Frequently asked questions

What is the current guideline value of Periyar Street Vinayagar Nagar?

The current guideline value of Periyar Street Vinayagar Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,005 per sq.ft in 2017 to Rs 1,500 per sq.ft in 2023, and then to Rs 1,650 per sq.ft in 2024. This represents a total increase of 64% from 2017 to 2024.

What are the other streets in Pozhichalur and their guideline values?

Other streets in Pozhichalur have varying guideline values, with some streets like Periyar Street and Perumal Street at Rs 1,100 per sq.ft, while Pillaiyar Koil Street and Pilliyar Koil Cross Street are at Rs 2,200 per sq.ft in 2024.

What is the stamp duty on property in Periyar Street Vinayagar Nagar?

The stamp duty for property in Periyar Street Vinayagar Nagar is charged at 7% of the guideline value or the sale price, whichever is higher. For a plot valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500.

Where can I find the Sub Registrar Office for Periyar Street Vinayagar Nagar?

The Sub Registrar Office for Periyar Street Vinayagar Nagar is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075. You can find more information about your SRO online.