Guideline Value for Periyar Street

Periyar Street guideline value

The current guideline value of Periyar Street in Irunkattukottai_B village, under the Sriperumpudur SRO, is Rs 600 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - I land classification.

How the guideline value of Periyar Street has changed

The guideline value for Periyar Street has seen several revisions over the years. The 2017 revision set the value at Rs 402 per sq.ft, which remained unchanged in the 2023 revision. However, the 2024 revision increased the value to Rs 600 per sq.ft, representing a 49% increase from the 2017 figure.

Between the 2023 and 2024 revisions, there was no change, maintaining the value at Rs 600 per sq.ft. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 for this street in the register.

Guideline values in Irunkattukottai_B

In Irunkattukottai_B, there are 54 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 250 to Rs 1,200 per sq.ft. The median value is Rs 400 per sq.ft, placing Periyar Street's 2024 value above this median.

• Plot Street: Rs 400 per sq.ft (2024)
• Prasanthi Nagar: Rs 800 per sq.ft (2024)
• Rajaji Street: Rs 400 per sq.ft (2024)
• Rajalaxmi Nagar: Rs 400 per sq.ft (2024)
• N.H.Salai: Rs 1,200 per sq.ft (2024)
• Rajiv Gandhi Street: Rs 400 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 of Rs 600 per sq.ft, the guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, totaling Rs 54,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our 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 Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Irunkattukottai_B. It is used to determine the stamp duty and registration fees that buyers and sellers must pay when a property is sold.

When registering a property, the guideline value is considered to ensure that the appropriate fees are collected based on the established rates. This helps maintain 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 as of the 2024 revision, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 402 per sq.ft in 2017 to Rs 600 per sq.ft in 2024, marking a 49% increase. The value remained unchanged from 2023 to 2024.

What are the guideline values for other streets in Irunkattukottai_B?

Other streets in Irunkattukottai_B have varying guideline values, ranging from Rs 250 to Rs 1,200 per sq.ft. For example, Prasanthi Nagar has a value of Rs 800 per sq.ft, while several others, like Rajaji Street, are at Rs 400 per sq.ft.

What are the stamp duty and registration fees for properties?

Stamp duty is charged at 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher. For a property valued at Rs 6,00,000, the total fees would be Rs 54,000.

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

The Sub Registrar Office for Periyar Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.