Guideline Value for Periyar Street

Periyar Street guideline value

The current guideline value of Periyar Street in Atanancheri village is Rs 600 per sq.ft, effective from 1 July 2024. This street falls under the Gooduvancheri SRO and is classified as Residential Special Type - I.

How the guideline value of Periyar Street has changed

The guideline value of Periyar Street has seen various revisions over the years. In 2007, the value was Rs 130 per sq.ft, which increased significantly to Rs 600 per sq.ft in 2012. However, it then decreased to Rs 402 per sq.ft in 2017. The value remained at Rs 600 per sq.ft from 2017 through the 2023 revision, and it continues to be Rs 600 per sq.ft in the 2024 revision, reflecting no change from the previous year.

Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 362%. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Atanancheri

In Atanancheri, there are 83 streets under the Gooduvancheri SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 2,500 per sq.ft. The median value for these streets is Rs 700 per sq.ft, placing Periyar Street's 2024 figure below this median.

• Pillaiyar Koil Street: Rs 600 per sq.ft (2024)
• Ragavendra Nagar: Rs 800 per sq.ft (2024)
• Ragavendrapuram: Rs 800 per sq.ft (2024)
• Naveen Nagar: Rs 600 per sq.ft (2024)
• Rangaswamy Garden: Rs 1,000 per sq.ft (2024)
• Nansi Nagar (Extn): Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Periyar Street

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total to Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Periyar Street?

The Sub Registrar Office that covers Periyar Street is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during property registration in Atanancheri. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When buying or selling property, the guideline value helps in determining the minimum price at which a property can be registered. This ensures transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Periyar Street?

The current guideline value of Periyar Street is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 130 per sq.ft in 2007 to Rs 600 per sq.ft in 2012, then decreased to Rs 402 per sq.ft in 2017, and remained at Rs 600 per sq.ft from 2017 to 2024.

What is the median guideline value for streets in Atanancheri?

The median guideline value for streets in Atanancheri is Rs 700 per sq.ft, with Periyar Street's 2024 value being below this median.

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

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 54,000, based on the current guideline value of Rs 6,00,000.

Which office handles registrations for Periyar Street?

The Gooduvancheri Sub Registrar Office handles registrations for Periyar Street, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.