Guideline Value for Periyar Street

Periyar Street guideline value

The current guideline value of Periyar Street in Karasangal village, under the Sriperumpudur SRO, is Rs 250 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of Periyar Street has changed

The guideline value for Periyar Street has seen several revisions over the years. In the 2012 revision, the value was set at Rs 250 per sq.ft. This remained unchanged until the 2017 revision, where it dropped to Rs 167 per sq.ft, marking a decrease of 33%. However, the value increased by 50% in the 2023 revision, returning to Rs 250 per sq.ft. The current 2024 revision maintains this value at Rs 250 per sq.ft, showing no change from the previous year.

There are also revisions from other years for which the register has no figure for this street. Specifically, the years 2002, 2003, and 2007 do not have any guideline value recorded for Periyar Street.

Guideline values in Karasangal

In Karasangal village, there are 59 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 3,550 per sq.ft. The median value for these streets is Rs 402 per sq.ft, which means that the guideline value of Periyar Street is below this median.

• Periya kalathumettu street: Rs 250 per sq.ft (2024)
• Pillayar Koil Street: Rs 250 per sq.ft (2024)
• Ponniamman Koil Street: Rs 250 per sq.ft (2024)
• Palathotta Salai: Rs 250 per sq.ft (2024)
• Radiance Jade Garden: Rs 3,284 per sq.ft (2024)
• Radiance Jade Garden - II: Rs 3,284 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 250 per sq.ft, the guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, totaling Rs 22,500. It is important to note that 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 Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Karasangal. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a fair price, reflecting the official value assigned to the property. Buyers and sellers must be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Periyar Street?

The current guideline value of Periyar Street is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2012 to Rs 167 per sq.ft in 2017, then back to Rs 250 per sq.ft in 2023 and 2024.

Are there any years with no recorded guideline value for Periyar Street?

Yes, the years 2002, 2003, and 2007 have no recorded guideline value for Periyar Street.

What is the median guideline value for streets in Karasangal?

The median guideline value for streets in Karasangal is Rs 402 per sq.ft, making the value of Periyar Street below this median.

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

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