Guideline Value for Periyar Street

Periyar Street guideline value

The current guideline value of Periyar Street in Padichery village is Rs 181 per sq.ft, effective from 1 July 2024. This street falls under the Sunguvarchattram 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 seen several revisions over the years. In 2012, the value was Rs 180 per sq.ft, which decreased to Rs 121 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased by 50%, bringing it back to Rs 181 per sq.ft, a figure that remained unchanged in the 2023 revision as well.

As of the 2024 revision, the guideline value remains at Rs 181 per sq.ft, indicating no change from the previous year. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Padichery

In Padichery, there are 8 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 181 to Rs 1,350 per sq.ft. The median value for these streets is Rs 191 per sq.ft, making the guideline value of Periyar Street lower than the median.

• Please Plantations and Hills Resorts: Rs 181 per sq.ft (2024)
• K.S.K Nagar: Rs 200 per sq.ft (2024)
• Kamarajar Street: Rs 181 per sq.ft (2024)
• Jeevan sakthi Teak Farms: Rs 181 per sq.ft (2024)
• Udaiyar Avenue: Rs 250 per sq.ft (2024)
• Anna Street: Rs 200 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 181 per sq.ft, the total guideline value amounts to Rs 1,81,000. The stamp duty, charged at 7%, would be Rs 12,670, and the registration fee at 2% would be Rs 3,620, bringing the total fees to Rs 16,290. 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 Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Padichery. It serves as a benchmark for determining the minimum value at which property can be registered, ensuring that the government receives appropriate revenue through stamp duties and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable fees. Buyers should be aware that the fees are based on the guideline value or the sale price, whichever is higher, to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Periyar Street?

The current guideline value of Periyar Street is Rs 181 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 181 per sq.ft since 2023, after increasing from Rs 121 per sq.ft in 2017. It was Rs 180 per sq.ft in 2012.

What is the classification of land on Periyar Street?

Periyar Street is classified as Residential Class II Type - I, indicating its intended use for residential purposes.

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

The Sub Registrar Office for Periyar Street is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, on a property valued at Rs 1,81,000, the stamp duty would be Rs 12,670 at a rate of 7%.