Guideline Value for Periyar Street

Periyar Street guideline value

The current guideline value of Periyar Street is Rs 1,500 per sq.ft, as per the 2023 revision. This street is located in Vandalur village, under the jurisdiction of the Gooduvancheri SRO, and is classified as Residential Special Type - I.

How the guideline value of Periyar Street has changed

The guideline value for Periyar Street has undergone several revisions since 2007. In the 2007 revision, the guideline value was Rs 550 per sq.ft. This increased significantly to Rs 1,500 per sq.ft in the 2012 revision, marking a 173% rise. However, in 2017, the value decreased to Rs 1,005 per sq.ft, reflecting a decline of 33%. The most recent revision in 2023 brought the guideline value back up to Rs 1,500 per sq.ft, resulting in a 49% increase from 2017.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 173%. It is important to note that the register has no figures for the years 2002, 2003, and 2024 for this street.

Guideline values in Vandalur

Currently, there are no specific village figures provided for Vandalur. Periyar Street's guideline value is an important reference point within the area. Unfortunately, there are no other streets in Vandalur listed under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Periyar Street

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value would be Rs 15,00,000. The stamp duty, charged at 7%, would amount to Rs 1,05,000, and the registration fee at 2% would be Rs 30,000. Together, the total cost for these fees would be Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use our 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, Guduvanchery-603202, Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Vandalur. It serves as a benchmark to determine the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both parties understand the regulatory framework surrounding the transaction. It is essential for buyers to be aware of the guideline value to ensure compliance with registration requirements and to avoid any potential legal issues.

Frequently asked questions

What is the current guideline value of Periyar Street?

The current guideline value of Periyar Street is Rs 1,500 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has seen various changes, starting from Rs 550 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2012. It then decreased to Rs 1,005 per sq.ft in 2017 before returning to Rs 1,500 per sq.ft in 2023.

What is the classification of land on Periyar Street?

Periyar Street is classified as Residential Special Type - I, which indicates its designation for residential purposes within the area.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2%. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty and registration fees would amount to Rs 1,35,000.