Guideline Value for Periyar Street

Periyar Street guideline value

The current guideline value of Periyar Street in Kavulbazaar village is Rs 825 per sq.ft, effective from 1 July 2024. This street falls under the Pammal SRO and is classified as Residential Class II Type - I.

How the guideline value of Periyar Street has changed

The guideline value for Periyar Street has undergone several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 502 per sq.ft. This figure increased to Rs 750 per sq.ft in the 2023 revision, marking a significant rise of 49%. The latest revision in 2024 saw the guideline value increase to Rs 825 per sq.ft, reflecting 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 the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kavulbazaar

In Kavulbazaar, there are 44 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 825 to Rs 4,500 per sq.ft, with a median value of Rs 825 per sq.ft. Periyar Street's 2024 guideline value aligns with this median.

• Pozhichalur Salai: Rs 825 per sq.ft (2024)
• Ramalinga Nagar: Rs 1,100 per sq.ft (2024)
• Neduchalai Street: Rs 1,100 per sq.ft (2024)
• Napc Sudarma: Rs 1,100 per sq.ft (2024)
• Rathinavel Nagar: Rs 825 per sq.ft (2024)
• Moovar Nagar: Rs 825 per sq.ft (2024)

Stamp duty and registration fee for property in Periyar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 825 per sq.ft, the total guideline value amounts to Rs 8,25,000. The stamp duty at 7% would be Rs 57,750, while the registration fee at 2% would be Rs 16,500, bringing the total fees together to Rs 74,250. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Periyar Street?

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

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

The guideline value is a crucial factor in property transactions in Kavulbazaar, as it determines the minimum price at which a property can be registered. Buyers and sellers must consider the guideline value when negotiating the sale price, as it impacts the stamp duty and registration fees applicable to the transaction.

When a property is sold, the registration office uses the guideline value to calculate the necessary fees. If the sale price is higher than the guideline value, the fees will be based on the sale price instead.

Frequently asked questions

What is the current guideline value of Periyar Street?

The current guideline value of Periyar Street is Rs 825 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 64%, from Rs 502 per sq.ft to Rs 825 per sq.ft in 2024.

What is the stamp duty for properties in Periyar Street?

The stamp duty for properties in Periyar Street is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Periyar Street located?

The Sub Registrar Office for Periyar Street is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

What other streets have guideline values in Kavulbazaar?

Other streets in Kavulbazaar include Pozhichalur Salai, Ramalinga Nagar, Neduchalai Street, Napc Sudarma, Rathinavel Nagar, and Moovar Nagar, with guideline values ranging from Rs 825 to Rs 1,100 per sq.ft in 2024.